Accord Advanced Technologies Announces First Contract with ON Semiconductor To Refurbish and Reconfigure Multiple Applied Materials Precision 5000 Semiconductor Manufacturing Systems
TEMPE, Ariz., March 14 /PRNewswire/ -- Accord Advanced Technologies, Inc. (OTC Bulletin Board: AVTI) announced today that its subsidiary company Accord SEG has received an order from ON Semiconductor to refurbish and reconfigure multiple Applied Material (Nasdaq: AMAT) Precision(TM) P5000's. ON Semiconductor is a Phoenix-based chip manufacturer formed this past August as a result of the purchase of the Motorola Semiconductor Components Unit by David Bonderman's Texas Pacific Group.
Travis Wilson, president and chief executive officer of Accord Advanced Technologies said, "This is the first time the company has had the opportunity to reconfigure multiple machines on behalf of ON Semiconductor and we are proud to be able to add this fine company as one of our valued customers." Wilson went on to state that, "We at Accord will continue to deliver solutions to the semiconductor manufacturers worldwide in order to assist them in their ongoing effort to conserve their budgets in the pursuit of solid profit generating assets."
Accord Advanced Technologies, Inc. is a provider of equipment re manufacturing and engineering consultant services to semiconductor manufacturers worldwide. Through its wholly owned subsidiary, Accord Semiconductor Equipment Group, Inc., the company remanufactures, upgrades and provides full-service support for semiconductor wafer-processing systems and related consumables. Accord has also developed patented technologies that improve planarization techniques and has a patent pending that reduce green house gas emissions related to the manufacturing of semiconductors.
Note: Any statements released by Accord Advanced Technologies, Inc. that are forward looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the company's business prospects and performance. These include economic, competitive, governmental, technological and other factors discussed in the company's filings with the Securities and Exchange Commission.
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SOURCE: Accord Advanced Technologies, Inc.
CONTACT: Investor Relations for Accord Advanced Technologies, Inc., 480-820-1400 |
