Comptec Announces Injection Molding Contracts.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--June 24, 1998--Comptec Industries Ltd. (VSE See DOS/VSE. VSE - Virtual Storage Extended :CIL (Common Intermediate Language) The ECMA version of the Microsoft Intermediate Language (MSIL). See CLI. 1. (project) CIL - Component Integration Laboratories. 2. (language) CIL - Common Intermediate Language. ) ("Comptec"), is pleased to announce that its subsidiary Comptec International Ltd. of Surrey, B.C., which is Comptec's injection molding injection molding n. A manufacturing process for forming objects, as of plastic or metal, by heating the molding material to a fluid state and injecting it into a mold. company, has entered into an agreement to supply Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail, of Redmond, WA with injection molded plastic components for its Hardware Manufacturing Services group. This business was awarded following a successful technology and process development program by Comptec for Microsoft, and the company is investing into a clean-room manufacturing environment and specialized equipment to support the program at its plant in Surrey, B.C. Production start-up is scheduled for July 1998, with value to the company estimated at Cdn.$13 million gross over a three-year period. The technological capabilities that Comptec International Ltd. has also developed in decorated back-lit plastic dashboard components for the auto industry has generated new business for the Neon Chrysler model and the Freightliner tractor unit A tractor unit, traction unit, road tractor or prime mover (Australian English) is a heavy-duty vehicle, usually with a large diesel engine and two or three axles. . The new tooling and sales contracts for both the Neon and Freightliner programs approximate Cdn.$4 million gross to the company over an eight-year period. Comptec is involved in both the plastic injection molding and PVC PVC: see polyvinyl chloride. PVC in full polyvinyl chloride Synthetic resin, an organic polymer made by treating vinyl chloride monomers with a peroxide. extrusion industries. The injection molding locations specialize in the design and manufacture of decorative plastic components for the telecommunications, automotive and consumer electronics industry. Technoplast and Actual are machinery and tool manufacturers with six factories, three located in Austria and the remaining three in the Czech Republic, Slovakia and the United States. The sales and marketing outlets are based in the United Kingdom, United States and Russia. These companies specialize in the assembly, sale and tooling of turn-key factories for the manufacture of PVC products for the building industry worldwide. The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has neither approved nor disapproved the information contained herein.
CONTACT: Comptec Industries Ltd.
Keith Patey, 888/330-6600 or 604/681-3146
or
Comptec Industries Ltd.
Gordon Keast, 604/538-0258
or
Comptec Industries Ltd.
Wendy a' Beckett, 604/488-0575
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