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Technology Stocks : Daw Technologies DAWK -- Ignore unavailable to you. Want to Upgrade?

To: oscairo who wrote (548)	3/14/2000 2:42:00 PM
From: WallStBum	Read Replies (1) \| Respond to of 607

Daw Technologies Announces $10 Million European Joint Venture SALT LAKE CITY, March 13 /PRNewswire/ -- Daw Technologies, Inc. (Nasdaq: DAWK) today announced the award of a multimillion-dollar cleanroom contract with a customer in France. Daw Technologies, Inc., and Omega Concept, one of the leading H.V.A.C. contractors in Europe, have established a joint venture and will design and construct approximately 30,000 square feet of new class 1 and class 1000 manufacturing space as an expansion to an existing facility. The value of the joint venture contract has not been finalized but is expected to be in excess of $10 million. The design of the project will commence immediately with the project scheduled for completion during Q3 of this year. Daw Technologies will design, engineer and install the cleanroom system consisting of Air Handling Units, Fan Filter units, Ceiling systems, Partitions and raised access flooring. Omega Concept will provide the mechanical, electrical and process systems thus providing the customer with a turnkey solution. Gary Matthews, managing director of Daw Technologies, Europe Ltd. said, "We are very excited by this award and are extremely pleased to have found an excellent joint venture partner who compliments the products and services Daw Technologies already offers within the European Region. We feel that this relationship will not only benefit this particular customer but will allow Daw Technologies to offer many of its other customers within the region a full turnkey solution. Daw Technologies, Inc. provides ultra-clean manufacturing environments for customers throughout the world and specializes in the design, engineering, and installation of cleanroom systems that meet stringent semiconductor manufacturing requirements. The Company, through its diversification initiative, also manufactures a line of tractor sleeper shells for heavy-duty truck manufacturers, door-less air entrance systems for large retail establishments, and engages in contracting manufacturing. For more information, visit Daw on the Internet at www.dawtech.com. This news release contains forward-looking statements that involve risks and uncertainties. Actual results and outcomes may differ materially from those discussed or anticipated. Factors that might affect the actual outcome include, but are not limited to, the length and severity of the semiconductor industry downturn, decreases in capital spending by semiconductor manufacturers, cancellation or delays in existing contracts, increased competition in the cleanroom segment of the industry, customer acceptance of new products, and a decline in demand for semiconductors. For a more detail discussion of these and associated risks, see the Company's most recent documents filed with the Securities and Exchange Commission. -------------------------------------------------------------------------------- SOURCE: Daw Technologies, Inc. CONTACT: Kevan Blair of Daw Technologies, Inc., 801-977-3100