Semiconductor Laser International Receives $2.2 Million Order, Largest in Company History.BINGHAMTON, NY--(BUSINESS WIRE)--July 29, 1997-- Backlog Doubles to Record $4 million Semiconductor Laser International Corp. (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 : SLIC SLIC Subscriber Line Interface Circuit SLIC Scottish Library and Information Council SLIC System Licensed Internal Code SLIC Subscriber Line Interface Card SLIC Session Layer Interface Card (Alacritech, Inc. , SLICW) announced today that it has received the largest order in the company's history, a contract to provide $2.2 million in laser products during the next 12 months to an Original Equipment Manufacturer (OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and ). The contract has a flexible option to increase the volume of products when needed. The new order more than doubles the company's current backlog to a record $4 million, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dr. Geoffrey T. Burnham, president and chief executive officer of the company. In fulfillment of this contract, Semiconductor Laser International (SLI (Scalable Link Interface) A multi-GPU interface from NVIDIA for connecting two or four NVIDIA display adapters together for faster graphics rendering on one monitor or two monitors. ) will provide fiber coupled laser devices for use in Diode Pumped Solid State Lasers (DPSSL DPSSL Diode Pumped Solid State Laser ). The end product will be applications in the industrial sector of the laser market, including cutting, drilling and welding equipment. The immediate recipient of SLI's technology is a prominent player in the OEM laser market. This manufacturer's products are used in a wide variety of applications including the industrial, aerospace/military and information processing sectors. The company is a proven supplier of OEM lasers and has been a supplier of industrial material processing equipment for more than 40 years. James Young, SLI sales engineer, said, "This contract was negotiated through aggressive marketing and a willingness to work with and satisfy the custom design requirements of our client." Burnham added, "SLI's dedication to its clients, big and small, is matched only by our goal of becoming the leading supplier of high power semiconductor diode lasers. This agreement is a significant step for SLI and its shareholders." SLI is a rapidly growing company dedicated to quality manufacturing and production of high power semiconductor lasers at low cost. SLI's technology has potential uses for automotive, dental, medical, telecommunications, optical data storage, DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. , printing and military applications. Statements concerning results of future capital expenditures, production and sales levels, total assets, cash flow and earnings are forward looking statements. These statements are based on assumptions concerning production and sales, operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. , administrative expenses, interest and other financing costs that management believes are reasonable and based on currently available information. However, management's assumptions and the company's future performance are both subject to a wide range of business risks and there is no assurance that these goals and projections can or will be met. Further information is available in the company's filings with the Securities and Exchange Commission, which are incorporated by reference. CONTACT: Martin E. Janis & Company Hal Schweig, 312/943-1100 |
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