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SHELDAHL, HADCO AND PHOTOCIRCUITS ANNOUNCE LICENSING AGREEMENTS FOR RIGID-FLEX CIRCUIT BOARDS

 NORTHFIELD, Minn., June 30 /PRNewswire/ -- Sheldahl, Inc. (NASDAQ: SHEL), Hadco Corporation (NASDAQ: HDCO) and Photocircuits Corporation today jointly announced plans for Sheldahl to enter into licensing agreements with each of Hadco and Photocircuits to enable all three companies to enter the commercial rigid-flexible circuit board industry.
 Sheldahl will license the use of its patented Z-Link(R) technology to Hadco and Photocircuits. The Z-Link technology incorporates unique adhesive that conducts electricity only vertically, thus allowing the manufacture of multiple layers of printed-circuit boards with increased packaging density, higher reliability and lower cost.
 Sheldahl, Hadco and Photocircuits believe the use of this technology will greatly enhance the use of rigid-flex circuit boards, particularly in the automotive and information markets. Current applications in those markets include: automotive electronics/engine-control modules, anti-lock braking devices, laptop/notebook computers, cellular phones and computer peripherals. The total annual sales volume of commercial rigid-flex boards is currently projected to reach $200 million by 1996.
 Sheldahl is the leading producer of flexible interconnects in the United States. The company's core technology involves the conversion of basic materials into technical laminates that are sold as foils and tapes for the automotive and datacommunications markets. Hadco, of Salem, N.H., is a leading manufacturer of high-precision, higher-layer count, multilayer rigid circuit boards for the information and datacommunications markets. Photocircuits, of Glen Cove, N.Y., is a privately held company and is a leader within the automotive and consumer markets, supplying high-volume, low layer count rigid circuit boards.
 -0- 6/30/93
 /CONTACT: Ed Lundstrom or John McManus, 507-663-8000, both of Sheldahl; Bruce Sorenson of Hadco, 603-898-8000; or Keith Robbins of Photocircuits, 516-674-1301/
 (SHEL) (HDCO)


CO: Sheldahl, Inc.; Hadco Corporation; Photocircuits Corporation ST: Minnesota, New Hampshire, New York IN: AUT SU: LIC

DB -- MN001 -- 7076 06/30/93 10:44 EDT
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Publication:PR Newswire
Date:Jun 30, 1993
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