this today...numbers should continue to be strong here for next few qtrs...my opinion only:
(PR NEWSWIRE) Daw Technologies, Inc. Announces New Contract Additions Totalin
Daw Technologies, Inc. Announces New Contract Additions Totaling Approximately
$750,000
SALT LAKE CITY, Aug. 28 /PRNewswire/ -- Daw Technologies, Inc.
(Nasdaq: DAWK), announced today it has been awarded contract additions to
existing cleanroom contracts for various customers in the United States for
approximately $750,000. These contract additions are scheduled to begin
immediately and will be completed by December 31, 2000.
The scope of the contract additions include additional design, engineering
and installation of cleanroom partition systems, filtered ceiling systems, air
delivery systems, and raised access floor systems.
"These contract additions represent continuing evidence of the recovery
taking place in the construction of cleanroom facilities in the United States.
As the semiconductor industry completes its recovery, it is beginning to more
aggressively expand capital spending budgets for equipment and facilities,"
stated Ronald W. Daw, President and Chief Executive officer of Daw
Technologies. Mr. Daw continued, "Based on the increased bid activity we have
seen in the last two months, we are becoming very optimistic about the
strength of the recovery and the prospect for growth throughout the remainder
of this year and next year -- both in new facilities and expansions".
"While we are starting to see new greenfield projects for bid within North
America, we are also seeing the continuation of expansion of existing
facilities. Many of our current projects are Design-Build contracts, thus the
award of these contract additions of existing facilities demonstrates the
Company's ability to perform in the engineering arena. As virtually all of
the major chip manufacturers area beginning to experience capacity
constraints, they are looking for quick and less expensive, yet well
engineered ways in which to expand their capacity in order to satisfy demand
and maintain market share. We believe the Company has a competitive advantage
in its ability to respond rapidly to its customers need for additional
capacity in a very short period of time," Mr. Daw concluded.
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.
-0- 08/28/2000
/CONTACT: Kevan Blair, Investor Relations for Daw Technologies, Inc.,
801-977-3100/
/Web site: dawtech.com
(DAWK)
CO: Daw Technologies, Inc. |
