Pen Interconnect Increases Surface Mount Operation To Meet The Needs Of New Customers
IRVINE, Calif.--(BUSINESS WIRE)--Oct. 28, 1999--Pen Interconnect Inc. (OTCBB: PENC) Thursday announced that its Irvine division, InCirT Technology, has increased the capacity of its surface mount operation by 100 percent to better accommodate the increase in demand and need of its customers.
"This gives InCirT the capability to run several different products simultaneously, which will be important to meet the requirements of our new customers," said Mehrdad Mobasseri, president of InCirT Technology.
"InCirT is now fully automated in both surface mount and through-hole technology with multiple line capabilities and has one of the largest and completely automated through-hole capabilities in Southern California," said Stephen J. Fryer, president and chief executive officer of Pen Interconnect.
"This investment in new capital equipment is proving to be crucial because it allows us to expand and improve our ability to produce different types of manufactured products that will meet the needs of our new and future customers."
Pen Interconnect provides the total manufacturing solution for manufacturers, including circuit and board design, mechanical and product design, prototype and volume board assembly and test, system services, and custom power supply and battery changer design.
With headquarters in Irvine, it also has support manufacturing facilities in Utah and China.
Visit the Pen Interconnect Web site At www.pen-interconnect.com.
The statements contained in this news release that are not purely historical are forward-looking statements that may involve risks and uncertainties. The company's actual results may differ significantly from the results contained in the forward-looking statements. Factors that might cause such differences include, but are not limited to, the effect of losses and other factors on the company's credit facilities, business and results of operations; the company's limited capital resources and its ability to fulfill its existing obligations and ongoing capital needs; risks associated with excess or obsolete inventory; the potential impairment of assets; the company's dependence on key customers and their financial viability; the impact of competition; and the company's abilities to effectively manage growth. These and other risk factors are discussed in the company's filing on Forms 8-K, S-3, SB-2, 10-QSB and 10-KSB.
--------------------------------------------------------------------------------
Contact:
Pen Interconnect Inc., Irvine
Stephen Fryer, 949/798-5881
or
American Financial Communication
Jeff Lamberson, 916/552-6532 |
