American Technical Ceramics Corp. Signs Global Distribution Agreement with Richardson Electronics, Ltd.HUNTINGTON STATION, N.Y. -- AMERICAN TECHNICAL CERAMICS CORP. (AMEX AMEX See: American Stock Exchange Symbol: AMK AMK Ammattikorkeakoulu AMK Ang Mo Kio AMK Angkor Mikroheranhvatho Kampuchea (Cambodia microfinance) AMK Angkatan Muda Keadilan (Malaysia) ), a leading manufacturer of high-performance electronic components, including capacitors and thin film circuits thin film circuits: see microelectronics. for a broad range of commercial and military applications, today announced that it has signed a global distribution agreement for its EIA (Electronic Industries Alliance, Arlington, VA, www.eia.org) A membership organization founded in 1924 as the Radio Manufacturing Association. It sets standards for consumer products and electronic components. Ceramic and porcelain high Q capacitors with Richardson Electronics, Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : RELL RELL Richardson Electronics Ltd ). Under the terms of the agreement, Richardson Electronics, Ltd., which is a global provider of Engineered Solutions for the RF and wireless communications market, will act as a global distributor of ATC's products. The addition of ATC ATC Air Traffic Control ATC Average Total Cost ATC Certified Athletic Trainer ATC At the Center (Hartford, Maine retreat center) ATC Applied Technology Council ATC All Things Considered to the Richardson Electronics, Ltd.'s line card enhances the company's RF Passive component offering and provides access to ATC's wealth of RF design and manufacturing proficiency. Richardson expects to leverage ATC's dominant engineering resources and respected reputation to create new demand and find new applications for ATC products. Victor Insetta, President and Chief Executive Officer of American Technical Ceramics, stated, "ATC welcomes Richardson into its family of distributors as a worldwide channel partner sharing our core values of performance, quality and customer service. With the two companies' strong, specialized international sales organizations working in close cooperation, we expect ATC's products to be available in virtually every market worldwide." Kevin McCormack, Business Unit Manager, RF & Wireless Communications Group, Richardson Electronics, Ltd., stated, "We are pleased that ATC has chosen Richardson Electronics to be a global distributor. ATC has built a strong reputation over decades as "The Engineer's Choice" for MLC (MultiLevel Cell) A flash memory technology that stores more than one bit per cell. Traditional flash memory defines a 0 or 1 bit based on a single voltage threshold. Hi-Q Capacitors. We feel that ATC is an excellent match for Richardson, since we both share the same objective to be providers of RF & Wireless Engineered Solutions." Richardson Electronics, Ltd. is a global provider of "Engineered Solutions," serving the RF and wireless communications, industrial power conversion, security and display systems markets. The Company delivers engineered solutions for its customers' needs through product manufacturing, systems integration, prototype design and manufacture, testing and logistics. Press announcements and other information about Richardson are available on the World Wide Web at http://www.rell.com/investor.asp. American Technical Ceramics Corp. designs, develops, manufactures and markets electronic components, including ceramic multilayer capacitors and custom thin film circuits. The Company's products are utilized in a broad range of commercial and military applications, including wireless infrastructure, fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber , medical electronics, semiconductor manufacturing equipment and satellite equipment. More information about American Technical Ceramics Corp. is available on our website, www.atceramics.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 under 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: This release may contain forward-looking statements that are subject to risks and uncertainties, including, but not limited to, economic and political conditions, the impact of competitive products, product demand and market acceptance risks, changes in product mix, costs and availability of raw materials, fluctuations in operating results, delays in development of highly-complex products, risks associated with international sales and sales to the U.S. military, risk of customer contract or sales order cancellation and other risks detailed from time to time in American Technical Ceramics Corp.'s filings with the Securities and Exchange Commission, including, without limitation, those contained under the caption "Item 1. BUSINESS - CAUTIONARY STATEMENTS REGARDING FORWARD - LOOKING STATEMENTS" in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . These risks could cause the Company's actual results for future periods to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company. Any forward-looking statements represent the Company's expectations or forecasts only as of the date they were made and should not be relied upon as representing its expectations or forecasts as of any subsequent date. The Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, even if its expectations or forecasts change. |
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