ACHI -- AmeriChip International Inc. Signs Multi-Million Dollar Sales and Marketing Agreement With West Bridge Technology International Inc.
PLYMOUTH, MI, Oct 02, 2006 (MARKET WIRE via COMTEX) -- The Board of Directors of Americhip International, Inc (OTCBB: ACHI) announced that the Company has signed an exclusive sales and marketing agreement valued in excess of $22M with West Bridge Technology International Inc. of Dallas, TX. This agreement provides for the exclusive rights to the sales and marketing in the Middle East oil producing countries for AmeriChip's Flexible Manufacturing System using the Company's LACC technology and other industry technologies developed for the production of threaded pipe for the oil and gas pipe industry.
The Company reported on August 16, 2005 that it had developed a Flexible Manufacturing System for the dry machining of oil pipe threads. This technology significantly reduces the time and cost of producing quality threads on oil pipe of all sizes by eliminating long stringy metal chips and their material handling problems. The LACC process has given AmeriChip International a platform for the creation of flexible automated production lines that thread and inspect oil pipe with significantly faster production all under one roof. The LACC Flexible Machining System is expandable to accommodate the size of the pipe and the various inspection goals that are used to complete a pipe for the field.
"This not only lowers the cost to produce oil pipe, but significantly reduces thread leaking due to long stringy metal chips, coolant pitting and uncontrolled ovality. This system also reduces the cost of handling due to the complete flexible automation system under one roof instead of trucking pipe to each phase of manufacturing," said Edward Rutkowski, the original patent holder and developer of this system.
The creation of razor sharp chips in the machining of oil pipe up to 45 feet in length with a diameter up to 24 inches is an everyday hazard in safety, thru put and environmental disposal. Coolant has also been found to cause pitting on the threads of the oil pipe which if not corrected can cause an embolism when the oil pipe is under pressure. These leaks are dangerous, costly and difficult to resolve in the field. This will also reduce both the warranty costs for the producer of pipe and also the capital equipment investment for that producer.
West Bridge Technology International, Inc. provides cutting-edge technology solutions from innovative companies in countries requiring technology to improve the quality of life for their citizens.
West Bridge Technology International, Inc., headquartered in Dallas, TX, acquires and manages state-of-the-art products that meet the needs of Business, Government and Health Care. West Bridge has a unique position that gives it a competitive advantage against other providers of technology. The Company is founded on the principle of delivering technology through its extensive network of offices around the world. With offices strategically located and a complex network of highly qualified partners West Bridge is capable of launching products to many nations across the globe. West Bridge is also positioned to capture significant market share of the global marketplace and will deliver a strong return on investment (ROI). This is achieved through the combined strengths of management expertise in technology selling, worldwide experience and strategic partners that understand the politics of the regions.
"West Bridge Technology International is committed to delivering orders for two (2) systems in the first 6 months of this agreement with Americhip being capable of delivering more systems to suit increased demand. The agreement provides for both partners to receive royalty payments and technology fees for each length of pipe manufactured using AmeriChip's LACC technology. The signing of this agreement is the culmination of a project that Americhip has been working on for over a year and is positioned to deliver a shippable unit in 26 weeks upon receipt of order," said Jim Miller, Executive Vice President Sales and Marketing.
"West Bridge is very pleased to have the opportunity to work with such a dynamic company like AmeriChip. We believe the LACC technology is the most innovative we have encountered and are confident that it will change the oil patch industry as we know it. Our executive team is proud and privileged to represent AmeriChip," stated Troy Cooper, Executive Vice President and COO of West Bridge Technology International.
Headquartered in Plymouth, MI, U.S.A., AmeriChip International Inc., a patented technology company, holds a patented technology known as Laser Assisted Chip Control, the implementation of which results in efficient chip control management in industrial metal machining applications. This technology provides substantial savings in machining costs of certain automobile parts providing much more competitive pricing and more aggressive sales approaches within the industry.
The innovative AmeriChip business model, enhanced by its AmeriChip Tool and Abrasives subsidiary, is designed to establish an extensive resource for cost saving services and products that all cost conscious industrial steel and aluminum machining companies require. AmeriChip is committed to keeping jobs in America for Americans.
For more information, visit our website at www.americhiplacc.com or, contact R Windsor at 905-898-2646 or, send an e-mail to r.windsor@americhiplacc.com.
Contact
R. Windsor
905-898-2646
r.windsor@americhiplacc.com
SOURCE: AmeriChip International Inc.
CONTACT: mailto:r.windsor@americhiplacc.com
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