Compositech Receives Purchase Commitment to Supply Teradyne With Precision Laminates.HAUPPAUGE, N.Y.--(BUSINESS WIRE)--June 24, 1998--Compositech 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 : CTEK), which makes high-tech laminates for the printed circuit board industry, announced today that the company has received orders from Teradyne Inc. for its CL200+ copper-clad laminates. The orders will enable Teradyne to do extensive material testing and product evaluation to be completed over the next two to three months in backplane An interconnecting device that has sockets for printed circuit boards to plug into. Passive and Active Although resistors may be used, a "passive" backplane adds no processing in the circuit. programs that will include circuit boards with as many as 60 circuit layers. Based on earlier tests, CL200+ laminates provide the highest precision circuit layer to circuit layer registration capability due to their inherent exceptional dimensional stability dimensional stability, n See stability, dimensional. . The CL200+ laminates will be used for expanded production testing and customer qualification of complex backplanes. The order is for an evaluation period Evaluation period The time interval over which funds assess a money manager's performance. ending July 31, 1998. This time period is covered by a joint agreement, the terms of which have not been disclosed. Teradyne supplies high-density, high-speed connectors and custom backplane assemblies for leading edge server, storage, telecommunications and military products. CL200+ precision laminates provide additional electrical and fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. functional differentiation to Teradyne's backplane technology. "We are pleased that Teradyne, a leading edge electronics company, is using CL200+ for their complex backplanes," said Fred E. Klimpl, vice chairman of Compositech. "This commitment demonstrates that our precision laminates are gaining recognition. We believe our advanced laminates technology will provide fabricators a strategic edge in meeting the increasing demands of their customers for more complex, dense backplanes." A backplane, sometimes known as a motherboard Also called the "system board," it is the main printed circuit board in an electronic device, which contains sockets that accept additional boards. In a desktop computer, the motherboard contains the CPU, chipset, PCI bus slots, AGP slot, memory sockets and controller circuits for the or backpanel, serves as the backbone of large electronic equipment and often utilizes 20-, 30- and even 60-layer boards to which smaller "daughterboards" are connected. Compositech Ltd. develops, produces and markets innovative and superior copper-clad and fiberglass epoxy epoxy Any of a class of thermosetting polymers, polyethers built up from monomers with an ether group that takes the form of a three-membered epoxide ring. The familiar two-part epoxy adhesives consist of a resin with epoxide rings at the ends of its molecules and a curing laminates used to make printed circuit boards which are essential components of personal computers, workstations, data communication, internet servers and telecommunications equipment. The statements made in this press release contain certain 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. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that involve a number of risks and uncertainties, including final funding of the project. Actual events or results may differ from the Company's expectations. In addition to the matters described in this press release, risk factors listed from time to time in the Company's SEC reports and filings, including, but not limited to, its Quarterly Report on Form 10-QSB for the quarter ended March 31, 1998 as well as its report on Form 10-KSB for the year ended December 31, 1997, may affect the results achieved by the Company. CONTACT: Compositech Ltd., Hauppauge Fred Klimpl, 516/436-5200 or Porter, LeVay & Rose, Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Martin Skala/Bill Gordon, 212/564-4700 |
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