Cetek Technologies Announces Acquisition.POUGHKEEPSIE, N.Y.--(BUSINESS WIRE)--Sept. 8, 1999-- Cetek Technologies Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CTKT), manufacturer of advanced structural and electronic ceramics, Wednesday announced that it has acquired 100 percent of privately held MultiLythics Inc. of Greenville, S.C. MultiLythics was founded in 1984 as an operating division of Sprague Electric Co. to extend multilayer co-fired ceramic technology to greater levels of design sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. and to broader application areas. This technology will enable Cetek Technologies to manufacture multilayer ceramic substrate fully compatible with Thick-Film Hybrid technology, but containing all the necessary passive components and interconnect (1) To attach one device to another. (2) A physical port (plug, socket) or wireless port (transmitter, receiver) used to attach one device to another. wiring required by the finished circuit. The use of this new technology by Cetek will greatly reduce the part count, assembly time and design complexity of the manufacturing process. The advantages are improved reliability and reduction in the finished products' size. Cetek has extended the technology for both thick-film and thin-film substrates in two important ways: It produces flatter and smoother substrates without the need for costly polishing, and Cetek is capable of producing dramatically larger substrates than presently available elsewhere. Cetek's present capability yields 12" square substrates with 20" square substrates planned for production in December 1999. Another distinguishing capability of Cetek is its versatility in substrate materials design. Cetek offers proprietary formulations with "tailored" specifications and characteristics to meet the exacting requirements and needs of targeted customers. Cetek Technologies is a material company with special emphasis in the ceramic materials field. Cetek produces and markets industrial ceramics for structural and electronic applications including aerospace, bioceramics, insulators and integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for packages. The company announced Sept. 1 that all necessary documents have been completed and submitted to the Securities and Exchange Commission and to the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). to become a fully reporting company. 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: The statements contained herein that are not historical 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. that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. |
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