erican Materials & Technologies Corporation (Nasdaq)
Subsidiary Receives New Prepreg Orders From Boeing
LOS ANGELES, March 26 /PRNewswire/ -- Culver City Composites Corporation, a wholly owned subsidiary of THE
AMERICAN MATERIALS & TECHNOLOGIES CORPORATION (Nasdaq: AMTK; PCX: MTK) has won another contract
to supply its aircraft interior composites to the Boeing Commercial Airplane Group. The contract is for February through
December, 1998 and is estimated by the Company to increase revenues at Culver City Composites Corporation by
approximately $4 million.
''This order represents an important expansion of our product offerings to Boeing. We are pleased with this increase in
Culver City Composites' market share,'' said Jorg R. Huber, president of Culver City Composites Corporation.
Through its subsidiaries, The American Materials & Technologies Corporation manufactures and markets advanced
composite materials for customers in the aerospace, defense, transportation, communication, sporting goods, and other
industries. Products include fabrics, tapes and parts made from graphite, fiberglass, aramid, quartz and other fibers
impregnated with proprietary resin formulations, with special emphasis on high temperature applications, aircraft interiors and
high performance golf club shafts.
Except for the historical material contained herein, the matters discussed in this press release are ''forward looking
statements'' under the federal securities laws. Actual results could differ materially from those forecasts and projections and
there can be no assurance that such estimates of future results will be achieved. Factors that may cause results to vary from
projection include the timely availability and market acceptance of new products offered by AMT, the impact of competitive
products and prices in the advanced composites industry, fluctuations in material costs, and the changing requirements of the
Company's major customers. Other such factors are identified in the Risk Factors section of AMT's Prospectus filed with the
Securities and Exchange Commission on December 27, 1996.
SOURCE: American Materials & Technologies Corporation |
