Superconductive Components, Inc. Orders Equipment to Scale Production
April 12 2007 - 10:47AM
PR Newswire (US)
COLUMBUS, Ohio, April 12 /PRNewswire-FirstCall/ -- Superconductive
Components, Inc. (OTC:SCCI) (BULLETIN BOARD: SCCI) , dba SCI
Engineered Materials (SCI), a manufacturer of high quality
sputtering targets for select markets in the physical vapor
deposition industry, today announced it has ordered approximately
$300,000 of new equipment to scale its production of sputtering
targets for thin film battery customers and to also expand
manufacturing capabilities of transparent conductive oxide targets
for photovoltaic applications in the solar industry. The equipment
is being acquired in response to current and anticipated customer
demand within the thin film battery and solar markets. A portion of
the equipment will be used to begin producing ceramic rotatable
sputtering targets for the solar industry. Rotatable targets are
being used in high volume applications and a growing number of
solar manufacturers are either currently moving toward this
technology or plan to do so. Dan Rooney, Chairman, President and
Chief Executive Officer, said, "SCI is pursuing profitable
opportunities to grow its customer base and leverage core
competencies through an expanding product portfolio. Transparent
conductive oxide targets are being requested by some of our solar
customers and offer an attractive alternative to traditional
materials, which are in short supply and subject to significantly
increased demand from flat panel display manufacturers.
Accelerating growth in solar and flat panel displays is creating
new opportunities for SCI's products. This new equipment should
allow us to increase our production beginning in the second half of
2007." About Superconductive Components, Inc. Superconductive
Components, Inc., dba SCI Engineered Materials, manufactures
ceramics and metals for advanced applications such as thin film
batteries, superconductors, and advanced optical systems. SCI
Engineered Materials also provides materials for thin film
applications used in photovoltaic, electronic switches, hardness
and decorative coatings. SCI Engineered Materials is a global
materials supplier with clients in more than 40 countries.
Additional information is available at
http://www.sciengineeredmaterials.com/. This press release contains
certain forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, which are intended
to be covered by the safe harbors created thereby. Those statements
include, but are not limited to, all statements regarding intent,
beliefs, expectations, projections, forecasts, and plans of the
Company and its management, and specifically include statements
regarding current and future demand in the thin film battery and
solar markets, new opportunities for SCI's products, and increased
production early in the second half of 2007. These forward-looking
statements involve numerous risks and uncertainties, including,
without limitation, anticipate sequential quarter growth in revenue
and net income, plans to add more equipment in 2007, gradually
enter additional niche markets, further improvement in the
Company's financial results in 2007 (paragraph 3), the development
of the thin film battery market, the impact of competitive products
and services, the ability to adapt to technological changes, the
availability of capital, and other risks and uncertainties detailed
from time to time in the Company's Securities and Exchange
Commission filings, including the Company's Annual Report on Form
10-KSB for the year ended December 31, 2006. One or more of these
factors have affected, and could in the future affect, the
Company's projections. Therefore, there can be no assurances that
the forward-looking statements included in this press release will
prove to be accurate. In light of the significant uncertainties in
the forward-looking statements included herein, the inclusion of
such information should not be regarded as a representation by the
Company, or any other persons, that the objectives and plans of the
company will be achieved. All forward-looking statements made in
this press release are based on information presently available to
the management of the Company. The Company assumes no obligation to
update any forward-looking statements. DATASOURCE: Superconductive
Components, Inc. CONTACT: Robert Lentz, +1-614-876-2000, for
Superconductive Components, Inc. Web site:
http://www.sciengineeredmaterials.com/
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