$6,000,000 order increases backlog twenty-eight percent.CARROLLTON, Texas--(BUSINESS WIRE)--July 31, 1995--Optek Technology Inc., president and chief executive officer, Tom Filesi, announced today that the company has received an order for $6 million for the purchase of Light Emitting Diode See LED. chips, produced in the company's semiconductor fabrication fabrication (fab´rikā´sh n the construction or making of a restoration. facilities located in Carrollton, from a leading industrial producer of solid state relays A relay that contains no mechanical parts. All switching mechanisms are semiconductor or thin film components. . The chip order is for a duration of one year and has the effect of increasing Optek's cumulative production orders in process (backlog) by twenty-eight percent. The ultimate application of the solid state relays which will use Optek's Light Emitting Diode chip is telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. equipment. Although Optek has been a long term supplier of chips to this particular customer, this order represents a substantial increase in demand. Optek's cumulative production oders in process (backlog) was $26.1 million as of July 28, 1995. This compares to backlog of $21 million at the end of the company's second quarter, April 28, 1995, and $16 million on the corresponding date in 1994. Optek Technology Inc. is a leading manufacturer of custom Optoelectronic Refers to devices that function due to the interaction of light and electronics. For example, an electronic signal is the input to a laser diode, which generates light pulses that are transmitted through an optical fiber. , Hall Effect (magnetic) and Fiber Optic sensors and emitters. Optek provides components worldwide for manufacturers of computers, office equipment, medical equipment, automobiles, aerospace and defense applications. The company's common stock is traded "over-the-counter." Currently, the market makers are Rauscher Pierce Pierce may refer to: Places
CONTACT: Optek Technology Inc., Carrollton D. Vinson Marley, 214/323-2301 |
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