Nextec Applications, Inc. Opens State-of-the-Art Manufacturing Facility in Singapore.Business Editors VISTA Vista (vĭs`tə), uninc. city (1990 pop. 71,872), San Diego co., SW Calif., near the Pacific coast, in an agricultural and resort area; inc. 1963. , Calif.--(BUSINESS WIRE)--July 19, 2001 The new facility will increase global access to Nextec's smart-fabric technology Nextec Applications, Inc., an advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, manufacturer that is revolutionizing the field of high-performance engineered fabrics with its breakthrough encapsulation (1) In object technology, the creation of self-contained modules that contain both the data and the processing. See object-oriented programming. (2) The transmission of one network protocol within another. technology, today announced the opening of its new state-of-the-art facility in Singapore. The high-tech facility is a key part in Nextec's global strategy that includes future plants in Japan and Europe to support worldwide distribution of its patented encapsulation products to better serve its customers, including world leaders For a list of heads of state, see . World leaders is a MMORPG. The game involves creating a state, joining an alliance and going into war. It is mostly played by players from Israel, China, USA, Britain, Brazil and Saudi-Arabia. in the apparel, medical and industrial markets. "The majority of our fabrics come from Asia where our customers are using our patented encapsulation process in their material to manufacture their end products," said Peter Ellman, Nextec's president and chief executive officer. "Our Singapore facility will allow us to improve customer service and decrease the time it takes us to deliver our products." "The textile industry is enormous," Ellman noted. "In 2000, performance textiles in the U.S. was about a $136 billion industry. Our new plant will have the initial capacity to produce more than 6.6 million linear yards of fabric per year, dramatically increasing our ability to grow and serve our customers." "We consider Singapore to be our gateway to Asia and essential to our success. Singapore is highly regarded as a regional business hub, with superb infrastructure and attractive investment incentives," said Ellman. In April 2001, Nextec closed its fifth round of funding of $14.6 million. Investors include the Economic Development Board of Singapore (Government of Singapore The Government of Singapore is formed by the political party which gains a simple majority in the general elections held in Singapore at least once every five years. It is part of Singapore's political system and supported by the Singapore Civil Service. ), GE Pension Trust, Robertson Stephens Funds, and J.P Morgan Partners. The company is projecting revenues of $100 million by 2004. As a global player in the textiles industry, company's such as LL Bean, Sunderland of Scottland, Brooks Phenix and Kappa (Japan); Mammut and Jack Wolfskin Jack Wolfskin is a German producer of outdoor wear and equipment that was founded in 1981. With Jack Wolfskin stores across Europe and Asia (especially Japan), the company is now the world's biggest outdoor retailer. (Europe); and MacPac (New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. ), are all users of Nextec products. "Building business relationships with U.S.-based companies will open the doors of opportunity for many in Singapore," said Tan TAN See tax anticipation note (TAN). Kang Fun, executive director of Nextec's Singapore facility. "Further, Singapore holds Nextec in high regards for its stringent environmental standards and strict regulations to ensure workplace health and safety, all of which are very important to the community." The Nextec process has countless applications for performance gear and outerwear, medical and protective clothing, industrial composites and electronics. The patented encapsulation process puts the performance features inside the fabrics, dramatically improving water repellency, wind resistance, packability, durability, and extreme breathability. Nextec Applications is best known for its EPIC by Nextec(TM) brand fabrics that are marketed to the apparel industry. These performance fabrics are available in stretches, cottons and synthetics. EPIC is an acronym acronym: see abbreviation. A word typically made up of the first letters of two or more words; for example, BASIC stands for "Beginners All purpose Symbolic Instruction Code. for Encapsulated encapsulated Localized Oncology adjective Confined to a specific area, surrounded by a thin layer of fibrous tissue; encapsulation generally refers to a tumor confined to a specific area, surrounded by a capsule. See Islet encapsulation. Protection Inside Clothing. About Nextec Applications Inc. Founded in 1994, Nextec Applications, Inc. is an advanced materials manufacturer whose multi-patented encapsulation technology is applied to produce high-performance fabrics for apparel, protective products and industrial applications. With headquarters in Vista, Calif., Nextec will manage research, development and manufacturing from both the Vista and Singapore facilities. Additional information about Nextec Applications and its products can be found at www.nextec.com. |
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