Friday August 18, 7:41 pm Eastern Time
Press Release
JMAR Executives Express Optimism About Potential of New Products to Boost Overall Sales
SAN DIEGO--(BUSINESS WIRE)--Aug. 10, 2000--JMAR Technologies Inc. (Nasdaq NM: JMAR - news):
Telecom Semiconductors Could Add $25-35M Next Year
Precision Equipment Sales Could Grow 30 to 40% Per Annum
JMAR executives today expressed optimism that its new high-speed First-in, First-out (FIFO) semiconductors it announced in an Aug. 9, 2000 press release, and other new semiconductors it plans to introduce in the following months, could provide the company with a significant increase in overall sales beginning in 2001.
JMAR said that sales of JMAR Semiconductor Inc.'s (JSI) new VeloSync(TM) FIFO and other telecommunications memory devices could add from $25 million to $35 million to the division's revenues in 2001 and up to double that in 2002, assuming the marketing and development programs established for those products is successfully executed.
JMAR said its new FIFO products are currently being sampled by customers in North America and that it expects to begin shipping chips in production quantities in the fourth quarter of this calendar year. Furthermore, the company stated it believes that its FIFOs, which have speeds in excess of 133 megahertz are the fastest nine-bit configuration chips of their kind available on the market.
FIFOs are intermediate memory units that temporarily store and regulate the passage of higher-speed electronic data sent from major transmission systems to slower-speed receiving units such as cellular phone base stations, computers, videos and routers feeding information to local area networks (LANs). Almost all transmitted data must pass through at least one, and often more, FIFOs before reaching its recipient.
Marvin W. Sepe, president of JSI, indicated that the current VeloSync(TM) family will include six models of FIFOs in a variety of different configurations. He said that JMAR expects to introduce its next family of FIFO products, a higher-speed, wider design called VeloSync Plus(TM) Series, later this year with several other new products scheduled shortly thereafter.
John S. Martinez, Ph.D, chairman and chief executive officer of JMAR Technologies Inc., said, ``With the introduction of our new FIFO chips JMAR has taken a giant step towards establishing JSI as a recognized leader in the development and supply of proprietary high-speed semiconductors for the telecommunications and data transmission industries.''
Dr. Martinez also commented that he was pleased with the recovery of JMAR's Precision Systems (JPSI) division from the effects of the sales decline it experienced in 1999 due to the lingering Asian financial crisis. He went on to say that JMAR was also encouraged by the positive reception received by the several new products JPSI introduced last month at the Semicon West Trade Show in San Jose, Calif. and at two international expositions in Taiwan. Those new products, which include a major line of nanometrology Atomic Vision instruments capable of extending the resolution of JMAR's current measurement products to better than one-one thousandths of a micron, are expected to have important manufacturing applications throughout the semiconductor, disk drive, and microelectronics industries.
Dr. Martinez further stated at the Shareholders Meeting that, based on preliminary reports, he expected sales at JPSI to grow 30% to 40% over last year's level. He also noted that, if JPSI's newly-launched and future planned products achieve their expected performance goals, sales of the company's precision products should continue to grow at the rate of at least 30% to 40% per annum for the next several years. He added that these estimated sales growth numbers do not include the expected contributions from the company's future new Advanced Light products.
``Based on everything we know, today, I am very encouraged by the increased pace of our new product launches in both our Semiconductor Products and our Microelectronics Equipment Segments,'' Dr. Martinez said. ``We look forward to the increasing contributions of those products to JMAR's future sales and profitability, beginning in 2001.''
JMAR Technologies Inc., a semiconductor industry-focused company, is a leading developer of proprietary advanced laser and X-ray light sources for high-value microelectronics manufacturing and metrology. It is also a ``fabless'' provider of proprietary high-performance integrated circuits for the rapidly growing broadband telecommunications market and other microelectronics applications. In addition, JMAR manufactures precision measurement, positioning and light-based manufacturing systems for inspection and repair of semiconductors and continues to play an important role in adapting its precision semiconductor manufacturing technology to the fabrication of advanced biomedical and optical communications products.
The statements regarding JMAR's expectations for the successful development and introduction of new semiconductor and other advanced light and precision positioning, measurement and manufacturing products and future sales and potential business opportunities are forward-looking statements based on current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. These risks include the failure of future orders to materialize as expected, delays in shipment or cancellation of orders, failure of acceptance of new products, failure of advanced technology and new intellectual property to perform as predicted, and the other risks detailed in the company's Form 8-K filed on Feb. 15, 2000, its 1999 Form 10-K and other reports filed with the SEC.
--------------------------------------------------------------------------------
Contact:
JMAR Technologies Inc.
Dennis E. Valentine, 858/535-1706
jmar.com
Email this story - View most popular stories emailed
--------------------------------------------------------------------------------
More Quotes and News: JMAR Technologies Inc (NasdaqNM:JMAR - news)
Related News Categories: biotech, computers, networking, telecom
--------------------------------------------------------------------------------
Help
--------------------------------------------------------------------------------
Copyright © 2000 Yahoo! All Rights Reserved. Privacy Policy - Terms of Service
Copyright 2000 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form.
Questions or Comments? |
