18 Million contract
Wednesday May 27, 3:59 pm Eastern Time
Company Press Release
Daw Technologies Awarded $18 Million Contract in Mainland
China
SALT LAKE CITY--(BUSINESS WIRE)--May 27, 1998--Daw Technologies Inc. (NASDAQ:DAWK -
news), announced that it has been awarded a contract to provide a cleanroom system for a
manufacturing facility currently under construction in Tianjin, China.
While the contract amount is yet to be finalized, the bid submitted for the work to be performed was
approximately $18 million. This contract represents one of the largest single awards in the company's
history, and will be a ''total solution'' for the cleanroom portion of the project.
This represents the second contract awarded to Daw for work on this facility. The company previously
announced a contract for the make-up air delivery systems. Together both contracts total approximately
$20 million and represent a ''total solution'' for the cleanroom envelope.
This includes component products of walls, ceilings, floors and both recirculation and make-up air
delivery systems, design/engineering services and on-site construction management. Work on the
make-up air delivery systems has begun, while work on the remaining portion of the cleanroom is
scheduled to begin immediately. Completion of the project is expected during the second quarter of
1999.
''We have positioned ourselves as a company to provide service and support to our customers no matter
where they choose to locate a manufacturing facility throughout the world. We have extensive
experience in the PRC (People's Republic of China) giving us an understanding of the local culture and
the unique government regulations. We have also developed strong ties and support from the local labor
sources.
''This experience gave our customer the confidence that we could complete the cleanroom portion of its
facility in the most efficient and timely manner possible,'' stated Steven Burt, senior vice president of
field operations responsible for the Asia/Pacific Region.
Ronald W. Daw, chief executive officer and president commented, ''We are very pleased with this
contract and the customer confidence this selection represents. It is important to note that we were
selected over cleanroom competitors from Korea, Germany and the U.S.
''Although we have previously provided products and services to this customer (a leading multi-national
semiconductor manufacturer), this contract represents the first time we will provide a ''total solution'' for
this customer's cleanroom needs.
''It is our goal to demonstrate the value of a single provider for the entire cleanroom envelope. We also
believe that the size of this contract and its successful completion will further strengthen our presence in
the PRC, where we have been able to secure a large majority of all the contracts awarded, and will
enable us to maintain our position as the leading cleanroom provider in China.''
Daw Technologies Inc. provides ultraclean manufacturing environments, or cleanrooms, for customers
throughout the world and specializes in the design, manufacturing and installation of cleanrooms
meeting stringent semiconductor manufacturing requirements.
The information discussed in the previous paragraphs contain forward looking statements that are
subject to risks and uncertainties that could result in actual results differing materially from those
projected.
These risks and uncertainties could include, but are not limited to, the climate of the semiconductor
industry, the timing of significant customer orders, product pricing pressures and challenges from
competitors.
Contact:
Daw Technologies Inc., Salt Lake City
Sharon Madden, 801/977-3236
dawtech.com |
