Ceramics Process Systems Announces Strategic Partnership With Hitachi Metals, Ltd.CHARTLEY, Mass.--(BUSINESS WIRE)--Aug 4, 1998--Ceramics Process Systems Corporation (CPS (1) (Characters Per Second) The measurement of the speed of a serial printer or the speed of a data transfer between hardware devices or over a communications channel. CPS is equivalent to bytes per second. ) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :CPSX) today announced that it has entered into a strategic partnership with Hitachi Metals, Ltd. of Tokyo, Japan wherein where·in adv. In what way; how: Wherein have we sinned? conj. 1. In which location; where: the country wherein those people live. 2. Hitachi Metals has licensed proprietary technology from CPS for the production of metal matrix composites Metal matrix composite A material in which a continuous metallic phase (the matrix) is combined with another phase (the reinforcement) that constitutes a few percent to around 50% of the material's total volume. in Japan, and Hitachi Metals and CPS will further develop and share manufacturing technology relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc metal matrix composites in the future. Grant Bennett, President, said "Hitachi Metals is a world-wide leader in many segments of the metals industry. We believe their decision to license technology relating to metal-matrix composites from CPS is a very strong endorsement of the advantages of CPS' proprietary technology. Our partnership with Hitachi Metals is structured to ensure we have a cooperative rather than competitive relationship. Our on-going cooperation in manufacturing technology relating to metal matrix composites will significantly benefit both parties." Financial details of the partnership were not disclosed. CPS develops, manufactures and markets advanced metal-matrix composites for housing and providing thermal management of high-density electronics. The Company's products are primarily used in equipment for wireless and satellite communications, and motor controllers. Hitachi Metals develops, manufactures and markets magnetic and electronic material and parts, automotive components, specialty steels, and other steel products on a world-wide basis. This release may contain 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. . Various factors could cause actual results to differ materially from those projected in such statements. These factors include, but are not limited to, a general economic or business downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. in 1998, or a downturn in the electronics industry.
CONTACT: Ceramics Process Systems Corporation
Grant Bennett
(508) 222-0614 ext 18
E-mail: gbennett@alsic.com
Web Site: www.alsic.com
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