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

To: GARY P GROBBEL who wrote (584)	8/14/2000 10:04:46 PM
From: GARY P GROBBEL	Read Replies (1) \| Respond to of 607

Daw Technologies, Inc. Announces New $9.5 Million Project in European Region SALT LAKE CITY, Aug. 14 /PRNewswire/ -- Daw Technologies, Inc. (Nasdaq: DAWK - news) announced today that it has been awarded a $9.5 million contract within the European Region. The contract will involve the design and construction of approximately 40,000 sq. ft. of Class 1 cleanroom. The Company will provide a total system solution that includes the supply and installation of floors, walls, ceilings and fan filter units. In addition, the Company will provide the HVAC ductwork, process exhaust systems and some additional plant equipment. Detailed design work will commence immediately with the estimated project completion scheduled for the first quarter of 2001. Gary R. Matthews, Managing Director of Daw Technologies Europe LTD commented, ``We have remained focused on our core business of providing Class 1 facilities for the worlds' leading semiconductor manufacturers, while continuing to diversify our cleanroom construction business to provide our customers with all forms of controlled environments, specifically designed to meet their manufacturing requirements.'' Mr. Matthews continued, ``The announcement of this new project is significant, since it represents the first semiconductor ''Greenfield`` project awarded to the Company in over two years. The commitment by our customer to invest in this new facility is a further indication that the semiconductor market recovery is well under way and that our customers are now building new facilities in addition to expanding and upgrading their current facilities.'' 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 also provides contract-manufacturing services on an OEM basis for various customers. This includes but is not limited to metal fabrication and assembly of a various range of products such as air-entrance systems used in high-volume commercial retail establishments, and the application of powder epoxy paint for a variety of products. 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 cyclicality of the semiconductor industry, 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, a decline in demand for semiconductors, and the effects of the Company's existing and proposed diversification efforts. 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.