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Cetek Technologies Forms Licensing Pact with Motorola For Flat Panel Display Production Tuesday October 8, 9:30 am ET POUGHKEEPSIE, N.Y.--(BUSINESS WIRE)--Oct. 8, 2002--Cetek Technologies Inc. (NQB:CTKT - News) announced today the company has secured a license with Motorola Inc. (NYSE:MOT - News) to produce and use Carbon Nanotube Triode (CNT) technology. The basis for this business development is summarized as follows: Cetek Technologies engages in the research and manufacturing of high-grade ceramic material. Cetek has pursued a significant R&D (research and development) effort over the past five years to produce a ceramic substrate that is flat, smooth and of large surface area, and with specific mechanical and electrical characteristics. Simultaneously, Motorola carried out a significant R&D effort to develop CNT (Carbon Nanotube Triode) technology and demonstrated that optimum CNT performance demanded ceramic substrate produced by Cetek. The combination of the two proprietary technologies and processes has produced a high quality and inexpensive flat panel display product. All required research and development has been successfully completed. Prototype displays have been produced at Motorola's Phoenix facility. Flat panel displays have become increasingly in demand for a wide variety of uses in the communication, entertainment, computing and instrumentation applications; cellular telephones, PC monitors and televisions being just three examples in the consumer arena. There will exist major advantages of flat panel displays based on this Motorola/Cetek joint CNT technology: Reliability is demonstrated by over 10,000 hrs. of life testing. Viewing quality is superior to the present AMLCD (Active Matrix Liquid Crystal Display), fully equivalent to CRT displays. Power consumption is one-tenth that of AMLCD panels. The manufacturing process is proven and scalable. The ease and simplicity in making a 60" display is the same as making a 2.5" display. Manufacturing equipment used is "low tech" and has been used successfully for years in thick film technology. The process is ready to transfer with no modifications. Manufacturing cost is 33 percent the cost to produce AMLCD panels. The company is seeking funding to establish a facility in the United States. Through affiliation, partnering and strategic alliance, two additional production facilities in the Far East are to be established. More details are pending, and will be made available via future press releases. Cetek president and chief executive officer, Fayiz Hilal, stated, "This agreement has been a long time in coming to fruition, and we are extremely pleased to have achieved this major milestone for Cetek. We expect to move very quickly, with regard to the production facilities, to take full advantage of the massive worldwide market. This joint agreement with Motorola should lead to an enormous rate of growth of CNT production in the coming years." In a related announcement, Hilal announced that the company has retained Harry Zhang, head of CVP (China Venture Partners) of Flushing, N.Y., as advisor and consultant. Cetek Technologies is based in Poughkeepsie and is a specialty material company with a focus in ceramic substrate applications for the electronic industry. The U.S. Dept. of Commerce in 1996 recognized Cetek's proprietary process when they were awarded a contract to develop the material for the back plane of the FPD (flat panel display) video technology. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. -------------------------------------------------------------------------------- Contact: Cetek Technologies Inc., Poughkeepsie Fayiz Hilal, 845/452-3510 -------------------------------------------------------------------------------- Source: Cetek Technologies Inc. | ||||||||||||
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