ADFlex Solutions Inc. selected to produce Motorola cell phone circuits.CHANDLER, Ariz.--(BUSINESS WIRE)--March 25, 1996--ADFlex Solutions Inc. (Nasdaq NM:AFLX) Monday announced that it has been selected by Motorola (NYSE:MOT), the world's leading manufacturer of cellular telephones, to supply flexible circuit A pattern of conductors created on a bendable film, which acts as an insulating (dielectric) base material. The top is coated with a dielectric cover layer. A flexible circuit is a pliable counterpart to a rigid printed circuit board. Flexible circuits, or "flex circuits," are often required to enable a more rapid construction of a device rather than their ability to turn and twist in normal operation.-based interconnects that will be used to interconnect battery charging control components with the phone's battery cell. Commenting on this program, ADFlex Chairman and CEO Rolando C. Esteverena said, "We're very pleased to have received this significant production commitment. ADFlex has long been recognized for its ability to produce a reliable, high-quality product in the vast quantities required by major manufacturers. We believe that these qualities were instrumental in Motorola's decision to award ADFlex with a significant share of its flex requirements for these cell phone applications. "This new relationship adds to a growing number of ADFlex customers in the communications segment that we anticipate will contribute significantly to revenues in 1996," he added. "We believe that flex will continue to appeal to cell phone manufacturers as it enables miniaturization along with higher-level functions." ADFlex Solutions is a leading supplier of flexible circuit-based interconnect solutions to the computer, computer peripheral and communication industries. Applications for flex-based interconnects include cellular telephones, hard disk drives and other storage systems, high-end consumer products, notebook computers, pagers and personal communications systems. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts may contain forward-looking statements that involve risks and uncertainties, including, but not limited to, product demand and market acceptance risks for the cellular telephone batteries for which ADFlex will supply flex, the effect of economic conditions, the duration of and volume requirements under the Motorola commitment, continued growth in the communications segment, the contribution to revenues made by communications-related flex products, and other risks detailed in the company's Securities and Exchange Commission filings. CONTACT: ADFlex Solutions Steven C. Lockard, 602/786-8277 or Silverman Heller Associates Lou Alkana, 310/208-2550 |
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