Schmitt Books $750,000 in Orders for Laser Surface Measurement Equipment.PORTLAND, Ore. -- Schmitt Industries, Inc. (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 :SMIT imp. & p. 1. imp. & p. p. os> of Smite. Smit with the beauty of so fair a scene. - Cowper. 3d. pers. 1. 3d. pers. sing. pres. os> of Smite. ) is pleased to announce the booking of several orders from various major customers in the data storage industry for surface measurement equipment that total in excess of $750,000 for shipment within the fourth quarter ending May 31, 2006. Orders to Schmitt from the data storage industry have continued to increase throughout calendar year 2006. Sales in the fourth quarter of FY 2006 are 60% above the fourth quarter of FY 2005. The Company expects the shipment of all orders on the books for this equipment to be within customer requirements by the end of the current Fiscal Year May 31, 2006. Schmitt produces specialty laser based light scatter scat·ter v. 1. To cause to separate and go in different directions. 2. To separate and go in different directions; disperse. 3. To deflect radiation or particles. n. surface measurement equipment that is used in the data storage industry by all major disk drive manufacturers to determine the smoothness of the disks in the hard drives. The Schmitt laser light scatter equipment is presented in a series of TMS TMS Transcranial Magnetic Stimulation (alternative medicine for depression) TMS Test Match Special (sports - cricket) TMS Texas Motor Speedway TMS Transportation Management System TMS Toyota Motor Sales (texture measurement system) models that cover the data storage and silicon wafer industries to extremely low measurement level now required in those industries. Wayne Case, President of Schmitt said: "The data storage industry is increasing in unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. and storage capacity of a single disk drive or server storage module. To achieve this goal the data storage industry has utilized smoother and smoother disks in the hard drives to help increase storage capacity. To achieve the sub-angstrom levels of surface measurement the industry has called on Schmitt Measurement Systems to provide our TMS laser based light scatter measurement machines to control the ultra smoothness of the hard drive disks. Schmitt has the only product in these markets that can provide sub- angstrom angstrom (ăng`strəm), abbr. Å, unit of length equal to 10−10 meter (0.0000000001 meter); it is used to measure the wavelengths of visible light and of other forms of electromagnetic radiation, such as ultraviolet measurements as low as 0.20 Ra angstroms in a mere matter of seconds per measurement point, accurately, and repeatable. We have also seen increased interest in the Schmitt TMS surface measurement equipment for silicon wafer smoothness measurements in 2006 as that market grows stronger." The information contained in this release contains certain 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. that anticipate future trends or events. These statements are based on certain assumptions that may prove to be erroneous erroneous adj. 1) in error, wrong. 2) not according to established law, particularly in a legal decision or court ruling. and are subject to certain risks including but not limited to the uncertainties of the Company's new product introductions, the risks of increased competition and technological change in the Company's industry and other factors detailed in the Company's SEC filings. Accordingly, actual results may differ, possibly materially, from the predictions contained herein. |
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