Applied Films German Facility Consolidation Complete
LONGMONT, Colo., April 10 /PRNewswire-FirstCall/ -- Applied Films Corporation (Nasdaq: AFCO - news), a leading supplier of thin film deposition equipment to the flat panel display (FPD), architectural, automotive and solar glass, and the consumer products packaging and electronics industries on March 1, 2002, celebrated the commencement of the production of its first chamber for a vacuum web coating system in their new manufacturing halls in Alzenau, Germany. The arrival of this chamber is the culmination of a year long project to construct new facilities to house all of Applied Films' German operations in one location.
Tom Edman, President and CEO said, ``We are pleased to have this transition complete and all of our German employees working in one facility. This state of the art production facility provides us with adequate capacity to respond to future market demands.''
About Applied Films Corporation
Applied Films Corporation a leading provider of thin film deposition equipment to the flat panel display, the architectural, automotive and solar glass, and the consumer products packaging and electronics industries. We have also developed a barrier coating solution technology for the plastic beverage bottle industry. Our deposition systems are used to deposit thin films that enhance the characteristics of a base substrate, such as glass, plastic, paper or foil. These thin films provide conductive, electronic, reflective, filter, barrier, and other properties that are critical elements of our customers' products. Founded in 1976, the Company currently has approximately 580 employees at its headquarters in Longmont, Colorado, and operations in Alzenau and Hanau Germany; Brussels, Belgium; Hong Kong and Shanghai, China; Seoul, Korea; Tokyo and Osaka, Japan; and Hsinchu, Taiwan. For more information, please visit Applied Films' web site at appliedfilms.com .
Safe Harbor Statement
This press release contains forward-looking statements that involve substantial risks and uncertainties. Typically, these statements contain words such as ``anticipate,'' ``believe,'' ``could,'' ``estimate,'' ``expect,'' ``intend,'' ``may,'' ``should,'' ``will'' and ``would'' or similar words. You should read statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial position or state other ``forward-looking'' information. You are cautioned that forward-looking statements, including statements about our intent, belief or current expectations regarding recognition of backlog, cell phone and TFT investment cycles and market conditions, plasma television investment cycles and market penetration, demand for flat panel displays, and future revenues and earnings, are not guaranties of future performance. Actual results may differ materially from such expectations. There may be events in the future that we are not able to predict or control. Such risks and uncertainties include change in the demand for coating equipment and coated glass, the effect of changing worldwide political and economic conditions (including those related to the September 11, 2001, terrorist attacks and related events) on capital expenditures and production levels, including those in Asia, the effect of overall market conditions and market acceptance risks. Our future results may also affected by our ability to successfully manage and integrate the recently acquired LAC business. Other risks include those associated with dependence on suppliers, the impact of competitive products and pricing, technological and product development risks and other risk factors. As a result, our operating results may fluctuate, especially when measured on a quarterly basis. The forward-looking statements included in this release are made only as of the date of this release and we undertake no obligation to update the forward-looking statements to reflect subsequent events or circumstances. For further information, refer to our Securities and Exchange Commission filings, including our Registration Statement on Form S-1, Form 10-K and Forms 10-Q.
SOURCE: Applied Films Corporation |
