Thursday January 11, 8:04 am Eastern Time
Press Release
Qtek Wins Saab Contract
CAMARILLO, Calif.--(BUSINESS WIRE)--Jan. 11, 2001--Quintek Technologies Inc. (OTCBB:QTEK - news) today announced that its Swedish subsidiary, Qtek AB, was awarded a three year contract from Saab Bofors Support AB, a division of Saab AB (OM:SAABB).
Under this contract, Qtek AB will convert Saab's internal digital files into aperture card media for distribution, reference and long term storage of engineering drawings. Although the full potential of this contract is unknown at this time, Qtek AB estimates the first phase will require the production of more than 500,000 aperture cards.
Aperture card production will be facilitated using multiple Quintek 4300 systems and related support equipment. Quintek's recently released software application (QuinPlot) has a built-in capability to accommodate aperture card production on multiple Q4300 systems and will be used as a key component for this high volume application.
Qtek AB specializes in retrieving customer files from the Internet or CD ROM, converting the information into aperture card media, archiving the cards at its conversion center, and distributing the cards per customer requirement.
Qtek AB has previously completed smaller conversion contracts from several Bofors divisions, including, Bofors Missiles, Bofors Weapon Systems and Bofors Carl Gustaf AB. Quintek currently holds a 49 percent equity position in Qtek AB. Additional information can be found at www.qtekab.com.
Saab AB is active in developing and producing high technology products for advanced military aircraft to fulfill the needs of the Swedish Airforce and related export markets. Other activities within the Saab Group include the marketing and product support for the Saab 340 and Saab 2000 aircraft and the development and production of a wide variety of advanced electronic equipment for commercial aircraft, missiles, and training systems. Additional information can be found at www.saab.se.
Quintek supplies chemical-free equipment, software, media and services used to preserve digital data and ensure against information loss due to catastrophic events, computer virus, technology obsolescence, equipment failure, media degradation, change in formatting standards and software incompatibility. Visit Quintek's Web site at www.quintek.com for additional information.
Quintek's strategic alliances include, Kitron (previously Bofors AB), Saab (previously Celsius Group), Eastman Kodak, Anacomp, Travis Morgan Securities and Imation. Customers include, TRW, Lockheed-Martin, US Navy, Aramco, Duke Power, Dresser Industries, Smiths Industries, Carolina Power & Light, Lufkin Industries, Whirlpool, Zenith, PG&E, GTE Airfone, Caltrans and NASA, among others. With an environmentally superior solution, Quintek has a significant competitive advantage in a worldwide market estimated at $2.5 billion per year.
This document contains forward-looking statements. There are certain important factors that could cause results to differ materially from those anticipated by the statements made above. Additional information on these and other factors will be included on future 10-Q and 10-K reports.
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Contact:
Quintek Technologies
Investor Relations 888/577-6898
www.Quintek.com
QTEK_PR@TwoTrades.com or www.TwoTrades.com |
