Cetek Technologies Inc. Order Backlog Approaches $2 Million.POUGHKEEPSIE Poughkeepsie (pəkĭp`sē), city (1990 pop. 28,844), seat of Dutchess co., SE N.Y., on the Hudson River; settled 1687 by the Dutch, inc. as a city 1854. , N.Y.--(BUSINESS WIRE)--July 20, 1998--Cetek Technologies Inc. (Nasdaq/OTCBB:CTKT), manufacturer of advanced structural and electronic ceramics ceramics (sərăm`ĭks), materials made of nonmetallic minerals that have been permanently hardened by firing at a high temperature, or objects made of such materials. , Monday announced that demand for its products has increased to a level that order backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. is now $1,865,500. In order to process this order backlog, Cetek is expanding its capacity by adding new equipment. Cetek also will be aided with increased capacity when one of more planned acquisitions are realized. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Cetek Technologies founder, Chairman and President Fayiz Hilal, Cetek's acquisition program is on target for 1998. Hilal stated: "We are selectively targeting companies to acquire that have strong fundamentals and that serve to complement Cetek's overall business model. "Further, we are proceeding with such acquisitions only when they can be done at excellent values, and for the benefit of our shareholders. We intend to aggressively pursue several such opportunities." Cetek produces and markets industrial ceramics for structural and electronic applications, including aerospace, bioceramics, insulators, integrated-circuit packages, capacitors and superconductors. Cetek is aggressively exploring expansion options, and has several near-term acquisition targets identified that would achieve Nasdaq Small Cap listing. This goal, according Hilal, is very achievable due to the company's advanced technology that utilizes a proprietary process and unique, pre-emptive pre·emp·tive or pre-emp·tive adj. 1. Of, relating to, or characteristic of preemption. 2. Having or granted by the right of preemption. 3. a. manufacturing techniques. The Department of Commerce, in 1996, recognized this exclusive process, which eliminates much of the costly machining of components, when Cetek was awarded a contract to develop video "smart-display" technology. The company also specializes in back planes for flat-panel- display (FPD (1) (Flat Panel Display) See LCD, plasma display, EL display, FED and flat panel display. (2) (Field Programmable Device) An umbrella term for all chips that can be programmed by the customer including SPLDs, CPLDs and FPGAs. See PLD. ) monitors. The trade journal Industrial Physicist recently said that FPDs could be the next semiconductor industry. Safe-Harbor 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.
CONTACT: Stock Enterprises
James Stock/Clyde Feyrer, 888/458-5747
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