NexTech FAS Receives Multiple Product Orders for its Advantage II Extrusion Coating System
Released on: December 5, 2007, 8:09 am
Press Release Author: Mercom Capital Group
Press Release Summary: "NexTech FAS" is pleased to announce that a leading organic light-emitting diode (OLED) process development company has placed multiple orders for its Advantage II Extrusion Coating system to be integrated into an R&D line for development of OLED displays.
Press Release Body: AUSTIN, Texas - Dec. 5, 2007 - NexTech Solutions, Inc. and FAS Technologies, LLC, doing business jointly as "NexTech FAS" (Pink Sheets: NXSN), are pleased to announce that a leading organic light-emitting diode (OLED) process development company has placed multiple orders for its Advantage II Extrusion Coating system to be integrated into an R&D line for development of OLED displays.
NexTech FAS' Advantage Series coating systems offer high performance extrusion (spinless) coating of liquid materials onto substrates during the manufacture process of Flat Panel Displays. The systems, which are currently supplied for Gen 2 through Gen 8 panel sizes, are capable of coating a wide variety of process chemistries, including tough-to-coat OLED materials which are often deposited at submicron thicknesses with stringent uniformity and environmental requirements.
The customer originally purchased NexTech FAS' equipment line in the third quarter of 2006 and later placed a follow-up order in the second quarter of 2007. The Advantage II Extrusion Coating system is designed to work in a fully-automated and controlled environment and is being implemented in a pilot/R&D line at the customer's site. The use of these tools enables the customer to further its R&D objectives and optimize its development process. This order paves the way for potentially significant future equipment orders used in the process and development of OLED displays and technology, a rapidly emerging market growing exponentially from $526 million in 2006 to an estimated $4 billion by 2010, according to DisplaySearch.
"The technical team at NexTechFAS has worked diligently for several years to optimize the Advantage Series coaters for the specific requirements of OLED manufacturing, and we are pleased with the confidence in our technology demonstrated by these recent orders," stated Greg Gibson, chief technical officer of NexTech FAS. "We believe that OLED display manufacturing will be a significant market segment for NexTechFAS, where our high efficiency coating methods provide key cost efficiencies that are essential to this rapidly growing market."
The Advantage Coating systems can be configured for flexible as well as rigid substrates and is suitable for R&D or full production applications. Coating uniformity of better than three percent is routinely achieved with very high efficiency.
About NexTech Solutions and FAS Technologies
NexTech Solutions, Inc. delivers advanced metrology and automation solutions to the global semiconductor and flat panel display (FPD) industries. NexTech\'s mission is to create greater shareholder value through advanced technology development of products targeted at large, fast-growing markets. The company is headquartered in Austin, Texas, with facilities in San Mateo, Calif. NexTech's stock is quoted on the Pink Sheets under the symbol NXSN. For more information, see: http://www.nxts.com.
FAS Technologies, LLC is a Texas Limited Liability Company with offices in Dallas and Tokyo. FAS Technologies is a pioneering company widely recognized in the industry for the development of digital fluid dispensing and a patented spinless coating technology known as \"FAS-Coat,\" which has become the de-facto standard in the coating processes used in the manufacture of FPDs. The company is engaged in the design, development, manufacture, integration, sale and servicing of advanced, high-precision coating systems for the microelectronics and display industries. For more information, see: http://www.fas.com.
NexTech and FAS have announced plans to combine the two companies in a two-step transaction. The companies will consolidate operations into a joint venture which is expected to close in the fourth quarter of 2007, subject to closing conditions. Following necessary approvals of stockholders and regulatory authorities, the companies will be combined in a merger transaction and reincorporated in Delaware. NexTech Solutions, Inc. and FAS Technologies, LLC are jointly doing business under the name "NexTech FAS".
This release includes forward-looking statements that are made pursuant to the \"safe harbor\" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company\'s progress, business opportunities and growth prospects, readers and listeners are cautioned that such forward-looking statements represent management\'s opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company\'s operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company\'s periodic filings with Pink Sheets at http://www.pinksheets.com/quote/finance.jsp?symbol=NXSN.
Web Site: http://nextechfas.com/
Contact Details: Investor and Public Relations Contact: Wendy Prabhu, Mercom Capital Group, LLC 1-512-215-4452 email@example.com