Parlex's New Flex Circuit Manufacturing Technology to be Presented at Disruptive Technology Conference.Business Editors METHUEN, Mass.--(BUSINESS WIRE)--April 5, 2004 Parlex Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :PRLX PRLX Parallax ) today announced the initial qualification of prototype circuits for the mobile telecom industry to utilize its new Print & Plate Technology which has been developed under a joint venture. Parlex will be presenting this new flex circuit See flexible circuit. manufacturing technology at the IPC (1) (InterProcess Communication) The exchange of data between one program and another either within the same computer or over a network. It implies a protocol that guarantees a response to a request. Technology Market Research Council Disruptive Technology Conference to be held May 13 & 14, 2004 in Baltimore, Maryland. Flexible circuit products typically are manufactured through a subtractive sub·trac·tive adj. 1. Producing or involving subtraction. 2. Of or being a color produced by light passing through or reflecting off a colorant, such as a filter or pigment, that absorbs certain wavelengths and transmits or process where flexible copper clad laminates are chemically etched to remove all copper except that forming the circuit pattern. Print & Plate is an additive technology that incorporates a "build up" process. Using a Nashua Corporation (NSH NSH nutritional secondary hyperparathyroidism. ) proprietary high speed commercial printing process that incorporates a Parlex developed high performance ink, a circuit pattern is printed on a flexible substrate material. Copper is then selectively plated on the printed lines using a unique high-throughput roll to roll electrolytic e·lec·tro·lyt·ic adj. 1. Of or relating to electrolysis. 2. Produced by electrolysis. 3. Of or relating to electrolytes. e·lec plating process. The principal savings from Print & Plate are significantly reduced material costs, dramatic reductions in manufacturing processes and virtual elimination of expensive waste treatment processes. Print & Plate technology represents a significant cost advantage over traditional copper based circuit technology. Initial target markets include mobile telecom, Radio Frequency Identification See RFID. (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ), and automotive interiors. Early design focus has been limited to single and double sided circuits not requiring fine lines or high densities. Parlex estimates a total addressable Reachable. When something is addressable, it can be identified and manipulated independently of its surroundings. For example, screen pixels and RAM memory are addressable. Each of the screen's picture elements can be individually turned on and off, and each of the memory's bytes can be market in excess of $150 million today. To date, we have delivered a number of prototype orders with pre-production scheduled over the next three months. Initial production is anticipated in July 2004. About Parlex Parlex Corporation is a world leader in the design and manufacture of flexible, interconnect products. Parlex produces custom flexible circuits and laminated cables utilizing proprietary processes and patented technologies, which are designed to satisfy the unique requirements of a wide range of customers. Its manufacturing facilities are located in the United States, China, Mexico and the United Kingdom. Forward Looking Statements This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) further adverse changes in general economic conditions; (ii) further delays or reductions in the spending of the industry sectors we serve; (iii) the Company's ability to effectively manage operating costs and increase operating efficiencies; (iv) further declines in revenues; (v) insufficient, excess or obsolete inventory Obsolete Inventory Term that refers to inventory that is at the end of its product life cycle and has not seen any sales or usage for a set period of time usually determined by the industry. This type of inventory has to be written down and can cause large losses for a company. ; (vi) competitive factors, including but not limited to pricing pressures, in the flexible interconnect markets; (vii) component quality and availability; (viii) rapid technological and market change and the transition to new products; (ix) the relative and varying rates of product price and component cost declines; (x) the effects of war or acts of terrorism, including the effect on the economy generally, on particular industry segments, on transportation and communication systems and on the Company's ability to manage logistics in such an environment, including receipt of components and distribution of products; (xi) the ability to attract and retain highly qualified employees; (xii) the uneven pattern of quarterly sales; (xiii) fluctuating currency exchange rates; (xiv) risks associated with strategic investments and acquisitions; (xv) the Company's ability to execute on its plans; and (xvi) other one-time events and other important factors disclosed previously and from time to time in its filings with the U.S. Securities and Exchange Commission. |
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