Daw Technologies Europe, LTD Awarded $2 Million Cleanroom Contract
SALT LAKE CITY, Sept. 22 /PRNewswire/ -- DAW TECHNOLOGIES, INC. (Nasdaq: DAWK - news) Daw Technologies, Inc. announced today that its European subsidiary, Daw Technologies Europe, LTD has been awarded a contract for approximately $2 million for the design and installation of a 7,000 square foot class 10 cleanroom facility with a major semiconductor manufacturer.
Daw Technologies Europe, LTD will provide a turnkey cleanroom system that will include the design, engineering and installation of floors, walls, ceilings, and fan filter units. In addition, the Company will provide the HVAC systems, including ductwork and environmental controls. Preliminary design will commence immediately with project completion scheduled for the first quarter of 2001.
Gary Matthews, Managing Director of Daw Technologies Europe, LTD commented, ``Our ability to provide our customers with front-end design capability backed by our access to cleanroom products either manufactured by Daw Technologies or sourced from external suppliers demonstrates that we are able to greatly reduce our customer's time to market.''
``Although we have completed work on numerous small contracts at this site over recent years, this facility expansion represents the first significant project for this customer in 3 years and adds further confirmation of the recovery of the semiconductor industry as it continues to gather momentum.'' Mr. Matthews 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 possible cancellation of existing or future contracts, possible decrease in demand for our products during 2000 or 2001, the semiconductor industry, decreases in capital spending by semiconductor manufacturers, increased competition in the cleanroom segment of the industry, customer rejection of new products, a decline in demand for semiconductors, and the effects of the Company's existing and proposed diversification efforts. For a more detailed discussion of these and associated risks, see the Company's most recent documents filed with the Securities and Exchange Commission.
SOURCE: Daw Technologies, Inc.
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