Air Packaging Wins National Awards.VALENCIA, Calif.--(BUSINESS WIRE)--Aug. 5, 1999-- Air Packaging Technologies Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AIRP AIRP Air Power (Air Force 'motivator') AIRP Air Intake Recirculation and Purification AIRP Aircraft Instrumentation Research Program AIRP Airborne Integration Route Planner ) (APTI APTI Association for Preservation Technology International APTI Air Pollution Training Institute ) announced that it has received two Best of Category awards in the national Ameristar Packaging competition. APTI received the first award for its unique designed AirBox(TM) for shipping photomasks in the electronic packaging category. This was in direct competition with major electronic firms from various Fortune 500 companies such as Intel, IBM and Microsoft See Microsoft and IBM. . APTI's unique AirBox(TM) for photomasks saves customers shipping costs and storage space, as well as eliminates shipping breakage of these delicate electronic components. In addition, the company received Best of Category award in the medical competition. In this case, APTI created a unique AirBox(TM) package for shipping up to four dental molds and/or apparatuses in a protective air cushion air cushion n. 1. Trapped air that supports a vehicle a short distance above the surface of land or water. 2. A device that uses trapped air to absorb the shock of motion, especially in vehicles. Also called air spring. that can be put in an air courier overnight envelope. Medical and dental packaging Fortune 500 companies such as Baxter, Johnson & Johnson and Novartis have dominated this category in the past. Achieving Best of Category awards in the Ameristar competition qualifies APTI to enter these unique packaging designs in the international competition titled Worldstar, which will take place in the fall of 1999. APTI designs and manufactures unique AirBox(TM) flexible packaging devices that save users initial purchase cost, storage space and shipping freight costs while still providing maximum resistance to breakage of delicate items in the medical, dental and electronic industries. APTI currently is working with the U.S. Navy on advanced packaging for shipment of delicate electronic items, as well as with major electronic firms who wish to ship silicon wafers wafers compressed roughage in flat plates useful for feeding to animals in transit. , photomasks, tapes & reels and pellicles, all of which need to be well protected from shock and vibration. APTI expects increasing sales of its AirBox(TM) patented technologies to these major customers throughout the balance of this year and beyond. The foregoing information contains certain 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. that anticipate future trends or events. These statements are based on certain assumptions that may prove to be erroneous erroneous adj. 1) in error, wrong. 2) not according to established law, particularly in a legal decision or court ruling. and are subject to certain risks including but not limited to the uncertainties of the company's new product introductions, the risks of increased competition and technological change in the company's industry and other risks detailed in the company's Securities and Exchange Commission filings. Accordingly, actual results may differ, possibly materially, from the predictions contained herein. |
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