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Technology Stocks : The Panda Project (PNDA) -- Ignore unavailable to you. Want to Upgrade?

To: Anaxagoras who wrote (1051)	4/2/1998 10:42:00 AM
From: Anaxagoras	Read Replies (1) \| Respond to of 1521

And today's news release is..... ~~~~~~~~~~~ BOCA RATON, Fla.--(BUSINESS WIRE)--April 2, 1998--The Panda Project Inc. (NASDAQ:PNDA) Thursday announced that it has received pre-production qualification orders for its VSPA(tm) semiconductor package from Tandem Computers Inc., SAAB Dynamics AB and EG&G IC Sensors Inc. A similar order for Compass Connectors has also been received from Tandem Computers Inc., a wholly owned subsidiary of Compaq Computer Corp. "These orders show a widening interest and acceptance from several industries for our VSPA(tm) and Compass technologies," commented Stanford W. Crane Jr., president and CEO of The Panda Project. "Additionally, they represent a mixture of standard and custom designs in both single and multichip versions of VSPA. We will work closely with these companies to take the programs to the next level." Pre-production qualification orders result at the stage in the design process following initial agreement on the product design and the delivery of prototype samples. The orders are used by customers to perform qualification testing, the results of which may lead to production orders of the product. VSPA(tm) is an advanced semiconductor package developed by The Panda Project with assistance from a grant from the Defense Advanced Research Projects Agency. VSPA(tm) was designed to provide outstanding size, thermal, electrical, mechanical and cost benefits to the semiconductor and electronics industries. The Compass Connector is Panda's high-density pluggable interconnect device, with 146 contacts per linear inch. Forward-looking statements in this release, including statements concerning future orders and product sales, are based on information available to the company as of the date hereof and involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are delays in product development, competitive pressures, general economic conditions, risks of intellectual property litigation, and the risk factors detailed from time to time in the company's periodic reports and registration statements filed with the Securities and Exchange Commission. Visit The Panda Project on the World Wide Web at www.pandaproject.com CONTACT: Company Contact: Jeff Mehler, 561/994-2300 or Investor Relations Contact: Loren Brown International Investor Relations Group 407/865-9433 KEYWORD: FLORIDA BW0058 APR 02,1998