Daw Technologies, Inc. Announces New $9.5 Million
Project in European Region
SALT LAKE CITY, Aug. 14 /PRNewswire/ -- Daw Technologies, Inc. (Nasdaq: DAWK - news) announced today that it
has been awarded a $9.5 million contract within the European Region. The contract will involve the design and construction of
approximately 40,000 sq. ft. of Class 1 cleanroom. The Company will provide a total system solution that includes the supply
and installation of floors, walls, ceilings and fan filter units. In addition, the Company will provide the HVAC ductwork, process
exhaust systems and some additional plant equipment. Detailed design work will commence immediately with the estimated
project completion scheduled for the first quarter of 2001.
Gary R. Matthews, Managing Director of Daw Technologies Europe LTD commented, ``We have remained focused on our
core business of providing Class 1 facilities for the worlds' leading semiconductor manufacturers, while continuing to diversify
our cleanroom construction business to provide our customers with all forms of controlled environments, specifically designed
to meet their manufacturing requirements.'' Mr. Matthews continued, ``The announcement of this new project is significant,
since it represents the first semiconductor ''Greenfield`` project awarded to the Company in over two years. The commitment
by our customer to invest in this new facility is a further indication that the semiconductor market recovery is well under way
and that our customers are now building new facilities in addition to expanding and upgrading their current facilities.''
Daw Technologies, Inc. provides ultra-clean manufacturing environments for customers throughout the world and specializes in
the design, engineering, and installation of cleanroom systems that meet stringent semiconductor manufacturing requirements.
The Company also provides contract-manufacturing services on an OEM basis for various customers. This includes but is not
limited to metal fabrication and assembly of a various range of products such as air-entrance systems used in high-volume
commercial retail establishments, and the application of powder epoxy paint for a variety of products. For more information,
visit Daw on the Internet at www.dawtech.com.
This news release contains forward-looking statements that involve risks and uncertainties. Actual results and outcomes may
differ materially from those discussed or anticipated. Factors that might affect the actual outcome include, but are not limited to,
the cyclicality of the semiconductor industry, decreases in capital spending by semiconductor manufacturers, cancellation or
delays in existing contracts, increased competition in the cleanroom segment of the industry, customer acceptance of new
products, a decline in demand for semiconductors, and the effects of the Company's existing and proposed diversification
efforts. For a more detail discussion of these and associated risks, see the Company's most recent documents filed with the
Securities and Exchange Commission.
SOURCE: Daw Technologies, Inc. |
