Advanced Manufacturing Expansion
AMEX and TSE: AGT
TORONTO, July 20 /CNW/ - AimGlobal Technologies Company Inc. (AMEX, TSE:
AGT) today announced its newly-planned expansion of the advanced
microelectronics division in Kanata, Ontario. The expansion is targeting a
footprint to accommodate up to an additional 100,000 square feet of advanced
microelectronics manufacturing space. Fulfilling increased demand from
telecommunications and medical customers requires greater capacity for
specialized thick film hybrid and micro-manufactured chip-on-board (COB)
technologies. The new facility will accommodate up to 10,000 square feet of
Class 1,000 clean room and more than quadruple the Company's hybrid and COB
capacity.
In addition to the microelectronics expansion, the Company plans to
increase its traditional electronics manufacturing (surface mount - SMT)
capacity four-fold. Many of the Company's customers within the broadband,
wireless, medical, and telecommunications industries have advancing
requirements for both microelectronics and traditional SMT. This planned
expansion will provide required capacity, technology and customer-proximity to
meet the increasing manufacturing demands of current and future customers. The
Company further reported that the sale of its non-core gas safety business has
closed and is now complete.
About Aimtronics Corporation
Aimtronics Corporation, a wholly owned subsidiary of AimGlobal
Technologies Company Inc., offers a complete range of Electronics
Manufacturing Solutions and is a leading technical provider of services in the
Microelectronics industry. Aimtronics' supply chain management solutions offer
design assistance -- reducing time-to-market metrics, time-to-volume metrics,
full product testing, packaging, warranty service, and end-of-life support.
Aimtronics' Microelectronics Technology Centre provides proprietary thick film
hybrid design and assembly including Chip-on-Board, Multi-Chip Module, and
Flip-Chip technologies. Through five facilities located across the continent,
Aimtronics serves the high technology markets throughout North America.
About AimGlobal Technologies Company Inc.
Founded 14 years ago, and through its operating subsidiary, AimGlobal
Technologies serves the Medical, Aerospace, Wireless, Communications,
Industrial, Military and Emergency Services markets. With operations in New
York State, Ontario and British Columbia, AimGlobal Technologies is a
recognized technical innovator and a leading manufacturer of proprietary
microelectronic solutions.
Safe Harbor Statement
Certain information in this press release contains "forward looking
statements" within the meaning of the Securities Exchange Act of 1934,
including those concerning the Company's future results and strategy. Actual
results could differ from those in the forward looking statements due to a
number of uncertainties, including, but not limited to, the demand for the
Company's products and services; the size, timing and recognition of revenue
from significant orders; increased competition, changes in Company strategy;
product life cycles; the impact of rapid technological advances, evolving
industry standards, changes in customer requirements, and fluctuations in
foreign exchange rates.
The Company's expense levels are based, in part, on its expectations as
to future revenue and a significant portion of the Company's expenses do not
vary with revenue. As a result, if revenue is below expectations, results of
operations are likely to be materially adversely affected.
For further information: Visit Aimtronics at www.aimtronics.com;
Company Contact: AimGlobal Technologies Company Inc., Lisa Deguchi,
(604) 647-1197, ldeguchi@aimglobaltech.com |
