More business,
They can't keep this one down much longer. IMHO
Daw Technologies, Inc. Announces New Contract Additions Totaling Approximately $2.0 Million
SALT LAKE CITY, Sept. 28 /PRNewswire/ -- Daw Technologies, Inc.
(Nasdaq: DAWK) announced today it has been awarded contract additions to an
existing cleanroom contract with a customer located in Montreal, Canada for
approximately $2.0 million. The customer develops fiber optical products for
the telecommunications industry. These contract additions have already
commenced and will be completed by October 31, 2000.
The scope of the contract additions include additional design, engineering
and installation of cleanroom partition systems, filtered ceiling systems, air
delivery systems, raised access floor systems, controls, electrical systems,
and process piping and vacuum systems.
"As the semiconductor and other high-tech industries are beginning to more
aggressively expand capital spending budgets for equipment and facilities, Daw
Technologies has been able to gain the confidence of our customers by
providing turn-key design, engineering and installation of high quality
cleanrooms," stated Brent Lundevall, President of the North American cleanroom
business unit of Daw Technologies, Inc. Mr. Lundevall went on to say, "Based
on the continuing bid activity we have seen in the last two quarters and
actual contract awards related to these bids, Daw's prospect for growth is
good throughout the remainder of this year and 2001."
"We are starting to see new turn-key projects for bid within North
America. Since many of our current projects are Design-Build contracts, the
award of these contract additions demonstrates the Company's ability to
perform in the engineering arena. Since many of our customers are beginning
to experience capacity constraints, they are looking for quick, less
expensive, and well engineered ways in which to expand their capacity in order
to satisfy demand and maintain their market share. With Daw's experience and
ability to respond rapidly to our customers needs, we believe the Company has
a competitive advantage that will continue to help the Company grow," Mr.
Lundevall concluded.
Daw Technologies, Inc. provides ultra-clean manufacturing environments for
customers throughout the world and specializes in the design, engineering, and
installation of cleanroom systems that meet stringent semiconductor
manufacturing requirements. The Company also provides contract-manufacturing
services on an OEM basis for various customers. This includes but is not
limited to metal fabrication and assembly of a various range of products such
as air-entrance systems used in high-volume commercial retail establishments,
and the application of powder epoxy paint for a variety of products. For more
information, visit Daw on the Internet at dawtech.com.
This news release contains forward-looking statements that involve risks
and uncertainties. Actual results and outcomes may differ materially from
those discussed or anticipated. Factors that might affect the actual outcome
include, but are not limited to, the possible cancellation of existing or
future contracts, possible decrease in demand for our products during 2000 or
2001, the semiconductor industry, decreases in capital spending by
semiconductor manufacturers, increased competition in the cleanroom segment of
the industry, customer rejection of new products, a decline in demand for
semiconductors, and the effects of the Company's existing and proposed
diversification efforts. For a more detailed discussion of these and
associated risks, see the Company's most recent documents filed with the
Securities and Exchange Commission.
SOURCE Daw Technologies, Inc.
Web Site: dawtech.com
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