PS3 Slim manufacturing contracts signed - report

Taiwanese website UDN is reporting that Sony has signed production contracts to begin manufacturing a new model 'PS3 Slim'.

Companies Foxconn and Pegatron are working towards delivery of the remodelled system for July, says the report, translated by Engadget.

Earlier this week, a report suggested that Sony will introduce a slim PlayStation 3 this August, along with price cuts on low-end hardware.

The PS3 Slim is expected to be a redesigned, smaller home console, with only marginal technical changes, similar to cosmetic changes made to the PlayStation 2 and the PSP Slim & Lite.