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Microcap & Penny Stocks : PixTech (PIXT) Field Emission Displays

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To: Joe Griffin who wrote (167)6/16/1999 11:48:00 PM
From: Greg Jung  Read Replies (1) of 213
 
Monday June 14, 7:00 am Eastern Time

Company Press Release

SOURCE: PixTech, Inc.

PixTech Appoints Donald E. Crim Vice President, Manufacturing Taiwan

SANTA CLARA, Calif. and ROUSSET, France, June 14 /PRNewswire/ -- PixTech, Inc. (Nasdaq: PIXT - news) announced the appointment of Donald E. Crim to vice president, Manufacturing Taiwan, effective immediately. Reporting to Dieter Mezger, Chief Executive Officer and President, Mr. Crim will be responsible for PixTech's high volume manufacturing activities at the Unipac plant and will reside in Taiwan.

From June 1988 to December 1995, Mr. Crim was senior vice president Wafer Fabrication and Technology at Silicon Systems, Inc. (SSI).
Over that period, he grew the manufacturing activities to support sales growth from $100 million to $400 million. His responsibilities
included overseeing all semiconductor wafer manufacturing, technology development and wafer foundry services. Additional responsibilities included establishing outside foundry suppliers in Taiwan, Japan, Korea, Singapore and USA.

Since June 1998 and in 1996, Mr. Crim was a highly regarded consultant for several companies. His customers included IBM, Dallas Semiconductor, Tower Semiconductor and others.

Dieter Mezger, President and Chief Executive Officer of PixTech, commented: ''We have just completed the qualification of a major equipment change in our manufacturing flow at Unipac. The result of this change is very encouraging. Our yields are now comparable with our pilot line in Montpellier. Now it is time to change the focus from process installation to manufacturing excellence. Don's extensive manufacturing experience will provide the leadership necessary to achieve consistent and efficient high volume production.''

''I am very excited to join this dynamic organization,'' said Donald Crim, Vice President Manufacturing, Taiwan. ''Managing the world's
first high volume FED production represents a real challenge to me. For over a year now, PixTech has proven its FED manufacturing
process in pilot quantities. With a production baseline now installed in Taiwan, I look forward to ramping-up the Unipac facility.''

About PixTech, Inc.

PixTech designs, develops and manufactures field emission displays (FEDs), a new type of flat-panel display. The Company operates a
flat-panel display pilot manufacturing facility in Montpellier, France, a research and development facility in Boise, Idaho and sales offices
in Boise, Santa Clara, California and Rousset, France. PixTech is currently developing high-volume manufacturing capabilities for its FEDs
in Taiwan under a contract manufacturing arrangement with Unipac, a Taiwanese AM-LCD manufacturer. PixTech has also established a
marketing partnership with Sumitomo Corporation, the exclusive distributor in Japan. More information is available from the Company's
Web site at pixtech.com.
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