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TXP-Texas Prototypes, Inc. Announces 30,783 sq ft Building Lease in Richardson, Texas Telecom Corridor Industrial Park.

RICHARDSON, Texas -- TXP-Texas Prototypes, Inc., global provider of prototyping electronics manufacturing services for original equipment and contract manufacturers, announced today that the company has signed a five (5) year lease with TCIT Dallas Industrial, Inc., for 30,783 square feet of industrial warehouse space located at 1299 Commerce Drive, Suite B, Richardson, Texas in the heart of the Telecom Corridor(R). The lease will commence March 1st, 2005.

The facilities will house TXP's three divisions: Texas Prototypes, Texas Photonics and Texas Packaging. The newly finished-out facility with be equipped with the latest laboratory and manufacturing equipment, including a 2,500 square foot cleanroom, for electronic, photonic and packaging assembly, test, and inspection, and will double TXP's present space. Initially, 40-50 people will be employed at this location. The space will occupy the same location as TXP's previous facilities, but will include an additional portion of the building which has been remodeled and upgraded to house TXP's three divisions.

"Texas Prototypes began operations here in 2001, right at the beginning of the economic downturn," said Gary Slagel, Mayor, City of Richardson. "However, by providing fast and valued services, the short-run assembly and manufacture of prototype circuit boards, devices, and electronic products to communications and electronics companies, the company has grown steadily and established a solid reputation for excellence and customer service. We are proud of the company's success to-date and pleased that they have chosen to expand in Richardson."

Michael C. Shores, president and CEO of TXP- Texas Prototypes, Inc., stated, "The newly acquired facility will accommodate the company's current expanding business needs while providing continued growth potential for the company and all of its divisions."

Scott M. Jessen, CCIM, principal of the leasing company The Morse Company said, "The technology market can change quickly and Texas Prototypes is a prime example of the future for many. We are excited to be strategic partners with TXP as they continue to experience growth."

TXP-Texas Prototypes, Inc. offers manufacturing services and supports quick-turn complex printed circuit board assembly prototyping, new product introduction, and pilot production of electronic assemblies for technology innovators and original equipment and contract manufacturers.

TXP-Texas Photonics offers prototyping services for optical subsystems and is an emerging optical assembly integrator with engineering and assembly services for design, manufacturability, and test. Along with the new Richardson facilities, TXP Photonics is supported by a new Gwangju, Korea facility sponsored by the Korea Photonics Technology Institute (KOPTI) which has provided over $100 million in Telcordia system level test.

TXP-Texas Packaging provides Advanced Packaging support such as design, development, characterization, and prototyping services. Its System in Package (SIP) support for advanced packaging includes multi-chip modules, molded chip packages, chip on board solutions, chip scale packaging, and other small form factor printed circuit board assemblies.

About Texas Prototypes, Inc. (TXP)

TXP-Texas Prototypes, Inc., based in Richardson, TX, is a global provider of prototyping electronics manufacturing services for original equipment and contract manufacturers. TXP excels in both supply and design chain management and implementation. We serve the quick-turn prototype market segment for complex printed circuit board assemblies, photonics, optoelectronics, and advanced packaging solutions, while forging profitable business opportunities with well-positioned high speed, digital, analog, and RF technologies and industries that require complementary service requirements. Our Global Product Launch Model has made a significant contribution in the way products go from design, to supply chain, to build. TXP has three operating divisions that build on our Design for Manufacturing foundation: Texas Prototypes, Texas Photonics, and Texas Packaging. For more information visit www.texasprototypes.com, or contact Michael Shores, Tel: 214-575-9300, E-mail: michael.shores@texasprototypes.com.

This release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements, including the company's ability to obtain future financing on favorable terms, changes in the contract manufacturing industry that compel the company to alter its present business strategy, the company's ability to attract management capable of implementing the company's existing or future business strategy and the risk factors set forth in the company's SB-2 registration statement. Results actually achieved may differ materially from expected results included in these statements as a result of these factors or others.
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Publication:Business Wire
Date:Mar 29, 2005
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