Tom, good news on AVTI. I am keeping an eye on this one again as we approach year end. Maybe it will have a significant rise when BB's get hot again. I also read yesterday that the NASD will likely be soon submitting a proposal to move towards electronic trading in the OTC/BB to give investors fairer trades, especially when the market is hectic. Right now everything has to be phoned in which can cause delays in order execution. If this happens and the NASDAQ perks up we could have a wonderful 2001 in the OTC/BB as speculation and renewed confidence in fully reporting, battered down companies returns.
(BSNS WIRE) Accord Receives Semiconductor Equipment Order From All-Optical
Accord Receives Semiconductor Equipment Order From All-Optical Switching
Manufacturer
Business Editors/High-Tech Writers
TEMPE, Ariz.--(BUSINESS WIRE)--Oct. 17, 2000--Accord Advanced
Technologies Inc. (OTCBB: AVTI) Tuesday announced that it has received
an order for semiconductor equipment totaling $1 million USD.
Accord will refurbish an Applied Materials (Nasdaq: AMAT) P5000
system that will be used for the customer's development and
characterization of its photonic switch subsystems.
Travis Wilson, chief executive officer and president of Accord
Advanced Technologies, stated, "The networking-equipment sector is
red-hot and a high-stakes race to provide the technology for an
all-optical Internet is upon us.
"The stakes in the contest are huge. RHK, a telecom research firm
in South San Francisco, estimates that the world market for optical
equipment will nearly triple, from $31 billion in 1999 to $90 billion
by 2003.
"Telecommunication market leaders are spending billions in the
optical switching industry, which includes the purchasing of
specialized semiconductor equipment. Accord was selected from many
suppliers to develop an innovative solution to a semiconductor
equipment process issue.
"Not only can Accord provide this equipment, but also it can
provide a single-source solution with significant cost savings and
shorter lead times.
"With this equipment order totaling $1 million USD, Accord is
positioned to report a record quarter. Our main goal for shareholders
is to return to quarter-to-quarter consistency and profitability in
the near-term."
Accord has completed work for such well-known companies as
American Microsystems, ATMI (Nasdaq: ATMI), Honeywell, Rockwell
International, Integrated Solutions, Microchip (Nasdaq: MCHP),
Motorola, Intel, Sony, California Micro Devices, Eastman Kodak,
National Semiconductor, Siemens Semiconductor Group, Lockheed, IDT and
Texas Instruments (NYSE: TI).
Accord specializes in refurbishing and modifying multi-chamber
systems for chemical vapor deposition (CVD), physical vapor deposition
(PVD) and Etch processes. These precision systems are responsible for
transforming individual silicon wafers into integrated-circuit (IC)
products such as computer chips.
Refurbishing provides Accord customers an equally high quality
alternative to new OEM equipment and enables the customer to
immediately produce its IC products at a reduced cost due to lower
manufacturing equipment costs.
The company also provides system decommissioning, commissioning,
after-sales service and supplies parts and process technology as
needed by the customer Accord is unique among companies that refurbish
equipment because of its ability to custom-engineer modifications to
customers' systems.
The company primarily refurbishes the equipment of Applied
Materials, the largest original equipment manufacturer (OEM) of
semiconductor manufacturing equipment in the world.
Note: Any statements released by Accord Advanced Technologies
Inc. that are forward looking are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Editors and investors are cautioned that forward-looking statements
invoke risk and uncertainties that may affect the company's business
prospects and performance.
These include economic, competitive, governmental, technological
and other factors discussed in the company's filings with the
Securities and Exchange Commission.
--30--clf/ix*
CONTACT: Accord Advanced Technologies Inc., Tempe
Investor Relations, 480/820-1400 ext. 121
KEYWORD: ARIZONA
INDUSTRY KEYWORD: CHEMICALS/PLASTICS HARDWARE
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