June 08, 1999 11:45
Volvo and Delco-Remy Enter Into Initial
Agreement With Microphonics
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NASHVILLE, Tenn., June 8 /PRNewswire/ -- Microphonics (OTC
Bulletin Board: MRPS) microphonics.com is pleased to
announce that initial orders of Microphonics 111RCK Industrial
Ultrasound Diagnostic unit have been shipped to both Delco-Remy
and Volvo Corporation. Shipments were begun immediately upon
receipt of initial orders from both companies. After results of testing of
these initial units Microphonics will be meeting with the respective
companies over the course of the next three weeks to finalize details
of a long-term contract.
Myles Izikoff, Microphonics National Sales Manager, was quoted as
saying, "Our company is looking forward to bringing the increased
quality control and efficiencies that the 111RCK Ultraphonics Detector
will undoubtedly provide to Delco-Remy and Volvo in their
manufacturing process. We anticipate this to be just the beginning of
a very long and broad-based relationship." Delco-Remy will be using
the 111RCK for enhanced set-up diagnostics and testing, along with
predictive plant maintenance.
About Volvo:
Volvo (Nasdaq: VOLVY), is an industry leader, and Swedish-based
manufacturer of trucks, buses, automobiles, construction equipment,
marine and industrial engines, and developer of aerospace and
airline technology. Visit Volvo at: volvo.com
About Delco Remy:
Delco Remy International, designs, manufacturers, remanufacturers
and sells heavy duty motors, generators, automotive starter motors,
and related components for both automotive and heavy duty
applications. They are the leading supplier of aftermarket and OEM
electrical systems and powertrain/drivetrain products.
ABOUT MICROPHONICS:
Microphonics, Inc. has developed and is currently marketing a high
demand, high-tech mechanical ultrasound diagnostic known as the
Ultraphonic Detector. This hand-held device is so exact that it can
detect a hole half the thickness of a human hair. More practically, it
can pinpoint and identify leaks (pressurized, non-pressurized and
vacuum), mechanical malfunctions, and certain electrical problems as
well. Perhaps the most remarkable benefit is that it warns of
impending trouble before a costly malfunction occurs.
In addition, with it's proprietary software, the Microphonics ultrasound
detection units are uniquely "trained" to ignore ambient sounds of
noisy factories or engines and only listen to the "signature"
ultrasounds which indicate a potential problem, long before a major
breakdown or downtime issue develops. In-house technicians with
only a short one-day training session can expertly monitor equipment
performance and product quality while reducing maintenance and
warranty costs.
SAFE HARBOR DISCLAIMER: The matters described herein contain
forward-looking statements that are made pursuant to the Safe
Harbor provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements involve a number of risks,
uncertainties or other factors beyond the Company's control which
could cause actual results to differ materially from historically results,
performance or other expectations and from any opinions or
statements expressed with respect to future periods
SOURCE Microphonics, Inc.
/CONTACT: Brian Connolly of SmartStockAdvisor.com,
1-619-492-8061/
/Web site: volvo.com
/Web site: microphonics.com
(MRPS VOLVY)
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