Can anybody interpret what this means to SVGI?
Wednesday December 17, 9:20 am Eastern Time
Company Press Release
TMCI Electronics Awarded a Multi-Million Dollar Order from
Silicon Valley Group
SAN JOSE, Calif.--(BUSINESS WIRE)--Dec. 17, 1997--TMCI Electronics Inc., (NASDAQ: TMEI - news)
announced today that it has received a multi-million dollar order from Silicon Valley Group (SVG)(San Jose), to
provide custom enclosures and wire cable harness assemblies for their fluid temperature control (FTC) equipment.
FTC is used to monitor and control process temperatures in a highly sensitive semiconductor wafer fabrication
manufacturing environment. The equipment is considered vital to controlling the yield of wafers in the semiconductor
manufacturing process. TMCI is expected to begin full production of the order in February 1998.
''We are pleased that SVG has selected TMCI as one of its key suppliers in the manufacture and production of their
fluid temperature control equipment, and that we have been targeted for this additional business based on their key
supplier selection process. The capture of this new business is in line with TMCI's diversity goals, and providing a
much broader array of services to our customers,'' said Rolando Loera, chairman of the board of directors and chief
executive officer of TMCI. ''The fact that we offer multi-level services to our customers is key to TMCI's success as
a supplier.'' Loera added.
SVG is a leading manufacturer of automated wafer processing equipment for the worldwide semiconductor industry.
The company designs, manufactures and markets technically sophisticated equipment used in the primary stages of
semiconductor manufacturing. Its products include photoresist processing equipment; oxidation, diffusion and low
pressure vapor deposition processing systems; and photolithography exposure tools that use step-and-scan
technology. SVG is listed on the NASDAQ Stock Market under the symbol SVGI. The company's World Wide
Web address is svg.com
TMCI Electronics Inc., headquartered in San Jose, is the parent of Touche Manufacturing Company Inc.
(''Touche''), Touche Electronics Inc. (''TEI''), and Enterprise Industries Inc. (''EII''). Touche, TEI, and EII are
manufacturers of custom designed fabricated metal products, provider of value-added turnkey and wire cable
manufacturing services, and manufacturers of metal stamping products, respectively, for original equipment
manufacturers (OEMs) of computers, telecommunications, semiconductor testing, medical testing equipment, and
other related markets.
This release is available on the KCSA Worldwide website at www.kcsa.com
The statements contained in this news release that are not purely historical are forward-looking statements that may
involve risks and uncertainties. The company's actual results may differ significantly from the results contained in the
forward looking statements. Factors that might cause such differences include, but are not limited to, the effect of
losses and other factors on the company's credit facilities, business and results of operations; the company's limited
capital resources and its ability to fulfill its existing obligations and ongoing capital needs; risks associated with excess
or obsolete inventory; the potential impairment of assets; the company's dependence on key customers and their
financial viability; the impact of competition; and the company's abilities to effectively manage growth. These and
other risk factors are discussed in the company's filing on Forms 8-K, 10-Q and 10-K.
Contact:
TMCI Electronics Inc., San Jose
Charles E. Shaw, 408/272-5700
or
KCSA, New York
Joseph A. Mansi/Jeffrey Corbin, 212/682-6565 ext. 205/214 |
