ADFlex Solutions completes acquisition of new production facility; move will double existing capacity.CHANDLER, Ariz.--(BUSINESS WIRE)--Sept. 12, 1995--ADFlex Solutions Inc. (NASDAQ/NM:AFLX) Tuesday announced that it has completed its acquisition of a 160,000-square-foot manufacturing facility located near its existing plants in Agua Prieta Agua Prieta is a town and municipality in the northeastern corner of the Mexican state of Sonora (). It stands on the U.S.-Mexico border, adjacent to the town of Douglas, Arizona, USA. The municipality covers an area of 3,631.65 km² (1,402. , Mexico. When fully operational, the facility will more than double the company's existing flex circuit See flexible circuit. assembly capacity. ADFlex, which had occupied approximately 25 percent of the facility after signing a letter of intent in April of this year, is already shipping volume quantities of flex-based interconnects designed for notebook computers A laptop computer that weighs in a range from five to seven pounds. The term originated when laptops were routinely more than 10 pounds, and those that became lighter were placed in a special "notebook" category. In practice, notebook computer and laptop computer are synonymous. from the plant to such major customers as Compaq and Apple, and circuits designed for cellular telephone batteries to TDI TDI - Transport Driver Interface and Intesys. Commenting on the acquisition, Rolando C. Esteverena, ADFlex president and chief executive officer, stated, "Getting a running start on the build-up build·up also build-up n. 1. The act or process of amassing or increasing: a military buildup; a buildup of tension during the strike. 2. and utilization of this facility has done much to help us keep pace with the strong, increasing demand for our products, in particular for communications applications resulting from our diversification efforts. "As previously announced, we intend to phase in the build-up of the plant over time, and expect the facility to be fully operational before mid-1996." ADFlex Solutions is a leading U.S. 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. CONTACT: ADFlex Solutions Inc., Chandler Robert G. Pape, 602/963-4584 or Silverman Heller Associates, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Lou Alkana, 310/208-2550 |
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