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Technology Stocks : JMAR Technologies(JMAR) -- Ignore unavailable to you. Want to Upgrade?

To: Dave Swanson who wrote (6644)	9/14/1998 7:42:00 AM
From: Candle stick	Read Replies (1) \| Respond to of 9695

JMAR Technologies Receives $1.1 Million in Orders for Additional Computer Disk Drive Workstations biz.yahoo.com Monday September 14, 7:01 am Eastern Time Company Press Release JMAR Technologies Receives $1.1 Million in Orders for Additional Computer Disk Drive Workstations SAN DIEGO--(BUSINESS WIRE)--Sept. 14, 1998--JMAR Technologies Inc. (Nasdaq/NM:JMAR - news), a growing provider of precision micro-technology products, announced that it received an order for approximately $1.1 million for its high-precision computer disk drive head inspection workstations from a major worldwide manufacturer of disk drives and personal, mobile and mainframe computers. The units, all of which are scheduled for delivery before the end of this month, are to be installed in one of this customer's Latin American facilities. Designed and manufactured by JMAR's Precision Systems division, the workstations perform online inspection of computer disk drive read-write heads, including advanced magnetoresistive (MR) and giant magnetoresistive (GMR) thin film magnetic heads, prior to their installation into hard disk drives. The workstations help create digitized images of the heads to accelerate inspection throughput, reduce the cost of the inspection process and improve manufacturing process control. John S. Martinez, Ph.D., JMAR's chairman and CEO, commented: ''The structure of the disk drive heads determine the density of data stored on a disk. At JMAR we are committed to constant improvement in the performance of our products to support the ongoing efforts of the industry to manufacture ever-smaller, higher data density disk drives.'' Martinez continued: ''This order follows $7.0 million in prior sales of related disk drive head manufacturing products to this same customer during the past 15 months. It was primarily generated by the increased demand from the high-end computer market segment where our customer is an acknowledged leader. This market segment, comprised mostly of network servers and portable computers, appears to be less affected by the current profit-squeezing pressures in the low-cost desktop computer market. Because of our market positioning, I believe this trend bodes well for JMAR.'' JMAR Technologies develops, manufactures and markets precision measurement, process control and laser manufacturing systems, provides custom semiconductor products for the microelectronics industry and is a leading developer of advanced lithography point sources for production of future higher performance semiconductors. Pursuant to the Private Securities Litigation Reform Act of 1995: The statements regarding JMAR's future sales or profit growth, size of potential markets, competitive position or products, projects or processes currently under development and the ability of the company to successfully introduce those products into the commercial marketplace or to apply or otherwise transfer those products, projects or processes to alternate applications are forward-looking statements based on current expectations that involve risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements, including delays in shipment or cancellation of orders, failure of expected orders to materialize, concentration of sales to certain markets and customers, timing of future orders, customer reorganizations, failure of advanced technology to perform as predicted, uncertainties associated with the timing of the funding of government contracts, fluctuations in demand, delays in development, introduction and acceptance of new products, changing business and economic conditions in various geographic regions, natural events such as earthquakes, flood and fire and the other risks detailed from time-to-time in the company's reports which are filed with the Securities and Exchange Commission. Contact: JMAR Technologies Inc., San Diego Dennis E. Valentine, 619/535-1706 jmar.com or The Financial Relations Board Eileen Morcos, 310/442-0599