Dense-Pac Microsystems Announces Plans to Increase Workforce; Company Receives Commitment to Supply Major PC OEM With Dense-Pac Memory Stack Products.Business Editors and High-Tech Writers GARDEN GROVE, Calif.--(BUSINESS WIRE)--June 27, 2001 Dense-Pac Microsystems Inc. (Nasdaq: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 ) today announced that it plans to increase its direct labor force by 10-15 percent to meet the needs of what appears to be a firming business climate. Supporting this view is a recently received three-month commitment for its Memory Stack(TM) products that is valued at more than $850,000 to be used by one of the world's major computer manufacturers. "We are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that the successful qualification of our Memory Stack(TM) products at a leading server manufacturer has resulted in an initial commitment of this magnitude through the next three months," said Kevin Perry, vice president of sales & marketing at Dense-Pac. "Recent order activity indicates some strength is building in our market, and we are hopeful of continued business from this customer after the initial commitment. Overall, we are seeing healthy interest in our technology as the need for higher density memory continues to grow, especially in the server and network segments of the market." John Sprint, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. at Dense-Pac, noted: "We are focused on providing our customers with world-class quality service and superior turn-around times. Adding to our direct labor force enhances our ability to support the `just in time' business model of our key customers. This is another example of our strong commitment to customer satisfaction and management's belief in the strength of our business." Dense-Pac's patented Memory Stack(TM) product line is used by memory module manufacturers to provide server and networking OEMs with high-density memory solutions to meet their speed, capacity and bandwidth requirements. Dense-Pac is a recognized leader in the field, with several patents and extensive experience in stacking various types of memory including DDR (Double Data Rate) Refers to an SDRAM memory chip that increases performance by doubling the effective data rate of the frontside bus. For more details, see SDRAM. DDR - Double Data Rate Random Access Memory , SDRAM (Synchronous DRAM) A type of dynamic RAM (DRAM) memory chip that has been widely used since the late 1990s. SDRAM chips eliminated wait states by dividing the chip into two cell blocks and interleaving data between them. , FCRAM FCRAM Fast Cycle Random Access Memory FCRAM Fast Cycle Ram , EDO RAM, and SRAM See static RAM. SRAM - static random-access memory . These memory products are often used in servers, network routers, switches, and communications products. About Dense-Pac Microsystems Dense-Pac Microsystems, founded in 1982, is a technology company that provides products and services for the Integration Age. The company has three operating units, the System Design Group, the Advanced Packaging Group, and the Added Value Manufacturing Group, each of which is certified ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 compliant. Dense-Pac's System Design Group is a leading supplier of outsourced design, product development, production and engineering for telecommunications, networking, Internet devices, and industrial markets, with expertise in providing networking and DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary product development solutions. The Advanced Packaging Group provides patented component packaging technology to create high-density, board space-saving products. 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 devices and medium volume production runs of circuit boards. DPAC's products are used in electronic circuits found in network servers, computer storage devices, medical instrumentation and communication devices. The DPAC Web site is at www.dense-pac.com. This news release includes forward-looking statements, 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 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 marketing the company's technologies or operations efficiently, market conditions, risks associated with the success of the company's products in the marketplace, labor force requirements, market conditions for the company's technology, protection of technology or proprietary rights, and 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. . 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 Feb. 28, 2001 or subsequent Forms 10-Q. |
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