DPAC Technologies Receives $1 Million in Orders for LP-Stack Memory to be Used in Networking and Telecommunications Products.Business Editors & High-Tech Writers GARDEN GROVE Garden Grove, city (1990 pop. 143,050), Orange co., S Calif., a suburb of Long Beach and Los Angeles, on the Santa Ana River; founded 1877, inc. 1956. Many of its residents work in nearby aerospace and defense installations, and there is light manufacturing. , Calif.--(BUSINESS WIRE)--Nov. 28, 2001 Stackable Memory Provides High Capacity Solutions Needed for High-Speed Network Switches and Routers DPAC DPAC Denver Performing Arts Complex (CO, USA aka: DCPA) DPAC Deferred Policy Acquisition Costs (insurance) DPAC District Parent Advisory Committee DPAC Dover Partnership Against Crime Technologies Corp. (Nasdaq:DPAC), a provider of products and services for the Integration Age, reported today that it has received approximately $1,000,000 in new orders for DPAC's patented LP-Stack(TM) stackable memory products. These memory devices will be used by one of the world's largest manufacturers of networking products in their latest high-speed routers and switches. Both the OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and the memory module manufacturer awarded this business to DPAC after it successfully passed extensive technical qualification of its memory stacks. The LP-Stacks(TM) will be assembled onto memory modules in Europe by a leading module manufacturer and sent to the OEM for final integration. In this way, memory configurations in the finished product can be customized for specific customer applications. "Industry leading companies continue to rely on DPAC Technologies to provide high capacity memory solutions for their latest products," commented Ted Bruce, DPAC's president and 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. . "Our commercial stacking product allows memory capacity to be significantly increased in a way that is both cost- and space-effective." Mr. Bruce continued, "Although our overall revenue has been affected by the industry-wide decrease in memory prices, we continue to see an increase in gross margins and in the number of stacks we manufacture, and DPAC's profit outlook remains strong for the quarter. We are also encouraged with the activity we have recently seen in the industrial, defense and aerospace markets." About DPAC Technologies Based in Garden Grove, CA., DPAC Technologies Advanced Packaging Group provides patented component packaging technology to create high-density, space-saving surface mount electronic components. DPAC's products are used in electronic circuits found in network servers, computer storage devices, medical instrumentation and communication devices. The Company's System Design Group provides outsourced engineering design services to aid customers in creating cost-saving circuit designs. The Value Added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. Manufacturing Group provides contract manufacturing of prototype designs and medium volume production runs of circuit boards. DPAC's mission is to provide products and services for the Integration Age. Investor information is available through their corporate headquarters Investor Relations Investor relations The process by which the corporation communicates with its investors. Department at 714/898-0007 x128, or contact Joe Zappulla at Wall Street Investor Relations 212/973-0883. Visit the DPAC web site at www.DPACtech.com. This press release includes 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. , including statements regarding the management's current beliefs concerning Company's market, technology development, expansion and business plans, relationships in price parity of existing technology with future technology, the need for emulation (architecture) emulation - When one system performs in exactly the same way as another, though perhaps not at the same speed. A typical example would be emulation of one computer by (a program running on) another. products, which are subject to change as a result of various risks or uncertainties. Every statement herein that is not historic in nature is a forward-looking statement. These factors would include, but are not limited to, uncertainties and risks concerning acquisitions, challenges in integrating technologies or operations efficiently or managing acquired operations, risks concerning liabilities acquired and due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , protection of technology or proprietary rights, risks of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , and others, and difficulties of controlling acquisition costs. The actual results may materially differ from those described in any forward-looking statement. Important factors that may cause actual results to differ are set forth in the company's periodic filing with the U. S. Securities and Exchange Commission including its Form 10-KSB for year-ended February 28, 2001 or subsequent Forms 10-Q. |
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