Advanced Power Technology to Present At Needham Growth Conference January 10, 2001 in New York.Business Editors, High-Tech Writers BEND, Ore.--(BUSINESS WIRE)--Jan. 8, 2001 Advanced Power Technology, Inc. (Nasdaq:APTI APTI Association for Preservation Technology International APTI Air Pollution Training Institute ) said it will present at the Needham & Company Growth Conference in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of on Wednesday, January 10 at approximately 3:00 p.m. EST P.M. also p.m. or p.m. abbr. post meridiem Usage Note: By definition, 12 a.m. . "The Needham Growth Conference provides an excellent opportunity for us to present our vision and strategic plan to investors," said Patrick Sireta, Chairman, President and Chief Executive Officer. "The increasing number of sophisticated, high-power electronic devices being deployed around the world in telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the infrastructure, semiconductor manufacturing and industrial applications is fueling substantial demand for power semiconductors that provide reliable, efficient and precise delivery of electricity at high power levels. Our products are uniquely designed to satisfy this demand and led to 25 new design wins in the fourth quarter of 2000. Over the past eight quarters APT (Automatic Programmed Tools) A high-level programming language used to generate instructions for numerical control machines. 1. (language) APT - Automatically Programmed Tools. 2. (company) APT - Audio Processing Technology. has earned a total of 126 design wins." Mr. Sireta noted that the number of design wins may vary substantially from quarter to quarter due to the relatively long design cycles and lifecycles of the company's products. A typical design win will have a lifecycle ranging from three to seven years in length. A copy of the slides presented at the Needham conference will be available, Wednesday, January 10th, for interested parties to view at the company's web site at http://www.advancedpower.com. About Advanced Power Technology Advanced Power Technology is a leading supplier of high performance power semiconductors used in the conditioning and control of electrical power. The company's products are used in communications and Internet infrastructure equipment, semiconductor capital equipment, as well as medical, industrial, and military and aerospace systems. Additional information, including the company's press releases and SEC filings, are available at no charge through the company's Web site at www.advancedpower.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Except for historical information contained herein, the matters discussed in this news release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. APT cautions that such statements are subject to a number of uncertainties, and actual results may differ materially. Factors that could affect the company's actual results include the company's effectiveness in continuing to secure additional design wins with new and existing customers, the ability of subcontractors to meet their delivery commitments; unfavorable changes in industry and competitive conditions; the company's mix of product shipments; the accuracy of customers forecasts; the effectiveness of the company's efforts to control and reduce costs; and other uncertainties disclosed in the company's S-1 filing with the Securities and Exchange Commission dated August 7, 2000, the 10Q filing for the quarter ended September 30, 2000 and other periodic filings. The Company assumes no obligation to update the information in this release. |
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