Quite an active message board you have here. <G>
Globally Recognized Switch Manufacturer, Schurter, GmbH, Chooses Duraswitch Technology
PHOENIX, Jul 24, 2001 /PRNewswire via COMTEX/ -- Schurter GmbH, Germany, is fueling its new product lines with the latest innovations in switch designs. Duraswitch Industries, Inc., (Nasdaq: DSWT chart, msgs) announced today that it has executed a licensing agreement with Schurter for rights to market and produce its next- generation Duraswitch technologies. Recognized worldwide for its high quality switch manufacturing, Schurter increases global expansion of the Duraswitch patented designs and further establishes Duraswitch in the international marketplace.
Schurter GmbH manufactures switches, keypads, circuit protection devices and connectors. Adding the award winning, patented Duraswitch technologies to its existing portfolio of Piezo, mechanical and membrane switches gives Schurter the ability to differentiate itself in the marketplace and offer additional benefits to its customers.
Werner Jakob, managing director of Schurter GmbH said, "The Schurter Group prides itself on its visionary approach to electronic and electrical engineering. We want our customers to have access to the latest and best technologies available. Our licensing agreement with Duraswitch gives us new inroads into the switch marketplace by providing an exciting new technology to our customers. Duraswitch designs provide additional features that round out our product offerings and enable us to fulfill special requirements for customers looking for application-specific solutions that set them apart from their competitors."
The license agreement allows Schurter to manufacture, sell and distribute the Duraswitch portfolio of technologies worldwide. Schurter already serves over 10,000 customers globally in industries that range from computer to telecommunications, appliance, instrument production, medical technology and many other sectors. The company's customers include well-known names like Siemens AG, GE Medical, and Phillips. And, with a business strategy that requires 20 percent of revenue coming from new product sales, this greatly increases the value of its strategic partnership with Duraswitch.
"The Schurter Group reputation is second to none, and we welcome them to the team along with the global network of customers they bring with them," said Bob Brilon, Duraswitch president. "This is an exciting time, as Duraswitch continues to expand its reach and build a strong presence in the worldwide switch industry."
"Duraswitch continues to target world-class manufacturers with large, well established customer bases. Schurter is an important partner for us. The company's global presence, years of expertise, and trusted name are the perfect match for our cutting-edge product line of thin profile electronic switch technologies," said Tim Kuhn, Duraswitch vice president of business development.
Kommen Ausfalle nicht in Frage, ist Duraswitch die Losung. (When failure is not an option, Duraswitch is the solution.)
About Schurter
Schurter GmbH is a manufacturer of electrical and electronic components for original equipment manufacturers (OEM's) around the world. The Schurter Group has six production facilities worldwide, and sales offices in all major markets. Schurter is over 65 years old and is headquartered in Lucerne, Switzerland. For more information, visit the company's website at www.schurter.de.
About Duraswitch
Duraswitch's patented new technologies are used to operate or control products in a wide variety of commercial, industrial and consumer applications. These next-generation electronic switch designs address trends in the market today, providing: high durability and reliability, sealability against harsh environments, illumination capabilities, and ergonomic, user- friendly interfaces in flat-panel and slim-profile designs that allow multiple switch and switch type integration. Duraswitch is building domestic and foreign patent protection for its technology and is entering into license agreements with switch manufacturers and OEMs worldwide to quickly achieve widespread distribution of its technology. Licensing royalties are based on licensed manufacturers' use of Duraswitch's intellectual property for electronic switch applications that benefit from the advantages of our patented technology.
Duraswitch Industries, Inc. engineers, markets and licenses electronic switches under its patented switch technology (US Patent Nos. 5,523,730 / 5,666,096 / 5,867,082 / 5,990,772 / 6,023,213 / 6,069,545 / 6,069,552 / 6,130,593 / 6,137,387). For more information about Duraswitch, visit the web site at www.duraswitch.com or call 480.586.3300.
The statements and implications in this release regarding market expansion into Europe, penetration of Duraswitch technologies into worldwide markets, increasing market share and presence in switch industry, market acceptance of Duraswitch technology, licensee integration of Duraswitch technology, ability of technology attributes to provide benefit, future transactions and projects, customer applications, patent protection and future success are forward- looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to, unanticipated problems relating to the development, manufacture and introduction of new products, costs of raw materials, marketing and sales of Duraswitch products, market acceptance of new products, ability to license products to third parties, competitive and economic conditions encountered by Duraswitch and its existing and potential customers and licensees. The forward-looking statements should be considered in light of these risks and uncertainties. A more complete description of the risks and uncertainties that face Duraswitch is described from time to time in our documents filed with the Securities and Exchange Commission. |
