Coretec Inc. Announces RoHS Compliance Well Ahead of EU Deadline.TORONTO -- Coretec Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CYY) is pleased to announce it is now compliant with the European Union's (EU) directive on the Restriction of Hazardous Substances (RoHS) for mainstream printed circuit board (PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. ) product manufactured in its Toronto operation. RoHS is the directive restricting the amount of hazardous substances in electronic-based products shipping in to the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community effective July 1st, 2006. The hazardous substances which will have their levels restricted include lead, hexavelant chromium chromium (krō`mēəm) [Gr.,=color], metallic chemical element; symbol Cr; at. no. 24; at. wt. 51.996; m.p. about 1,857°C;; b.p. 2,672°C;; sp. gr. about 7.2 at 20°C;; valence +2, +3, +6. , cadmium cadmium (kăd`mēəm) [from cadmia, Lat. for calamine, with which cadmium is found associated], metallic chemical element; symbol Cd; at. no. 48; at. wt. 112.41; m.p. 321°C;; b.p. 765°C;; sp. gr. 8. , and mercury. The directive is aimed at reducing the amount of hazardous substances in waste disposal sites by limiting the use of such substances in electronic equipment. Commented Paul Langston, Coretec's Chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President - "Over the past 12 months we have invested significant resources in terms of materials research, information system upgrades and process verifications in support of this key initiative affecting the complete electronic product supply chain." "It is an investment we believe few printed circuit operations will be able to duplicate in advance of the July 1, 2006 deadline, and perhaps well beyond that date." "Further, we have invested heavily in our Field Application Engineering organization over time and this, combined with the accelerating impact of RoHS, has positioned Coretec amongst the leaders in the PCB segment to provide customers the value-add solutions for their compliance requirements Compliance requirements are a series of directives established by United States Federal government agencies that summarize hundreds of Federal laws and regulations applicable to Federal assistance (also known as Federal aid or Federal funds). ." "To this end, we have a number of key clients who are requiring compliance by the end of 2005 in order to ensure uninterrupted shipment of their products into the EU. As such we are very pleased with our ability to satisfy their needs well in advance of this timeline." Coretec's Denver and Cleveland operations, with business more weighted to Government Military and Aerospace end markets, are scheduled to be in compliance by early 2006. Coretec is one of the leading designers and fabricators of printed circuit boards for the prototype and quick turnaround production segments of the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and European markets. Coretec distinguishes itself from its competitors by providing complete printed circuit board solutions, including design, advanced prototyping and quick turnaround production across an outstanding range of product technologies and approvals. This news release may include statements about future expectations, plans and prospects that may constitute forward-looking statements. Such statements include the statement that Coretec's Denver and Cleveland operations will be RoHS compliant by early 2006. This statement is based on Coretec's current plans. It is possible that such operations would not be RoHS compliant by early 2006 for a number of reasons including, a change in operation priorities, unexpected technical complications, inability to source RoHS compliant raw materials, product complexity, material cost fluctuations and limited availability When customers of the PSTN make telephone calls, they commonly make use of a telecommunications network called a switched-circuit network. In a switched-circuit network, devices known as switches are used to connect the caller to the callee. of raw materials. Coretec Inc. (TSX:CYY) |
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