American Custom Components Receives Tooling Order From Furon Company.SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--Oct. 8, 1998--American Custom Components Inc. (OTC/BB:ACCM ACCM Asynchronous Control Character Map ACCM AIDS Community Care Montreal (Montreal, Quebec, Canada) ACCM Annual Conference for Catalog & Multichannel Merchants ACCM Anesthesiology & Critical Care Medicine ), Thursday announced that it has received a tooling order from the Furon Company (NYSE NYSE See: New York Stock Exchange :FCY FCY Foreign Currency ) to begin production on 80 mold tool parts used in Teflon sub-assemblies. With headquarters in Laguna Niguel, Calif., the Furon Company is a leading designer, developer and manufacturer of highly engineered products made primarily from specially formulated high performance polymer materials, serving both the industrial and healthcare markets worldwide. Founded in 1955, Furon's products are used in a wide range of applications primarily by original equipment manufacturers in industrial markets and by end-users in healthcare markets. The company focuses on niche markets A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. and applications for which it can provide its customers application-specific product solutions based on its polymer-based materials technology, engineering expertise and production technology. "American Custom Components is very pleased to have secured this contract with the Furon Company," stated John Groom, president and chief executive officer. "This contract continues to display the trust large companies have in our work. Furon sales for fiscal year 1998 were approximately $485 million. We are looking forward to building a long term relationship with Furon." Founded in 1994, American Custom Components designs and manufactures components for computer, military, telecommunications, industrial and medical sectors of the worldwide electronic connector industry. American Custom Components also provides engineering, tooling and injected plastic manufacturing services, and, competitive contract manufacturing at its Saint Lucia Saint Lucia (sānt l `shə, –sēə), island nation (2005 est. pop. 166,000), 238 sq mi (616 sq km), West Indies, one of the Windward Islands. The capital is Castries. facility in the Caribbean. Visit American's Web site at www.acc-intl.com. Included in this release are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such 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. are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors. |
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