$APIICore Wafer Systems Adds Third Revenue Stream
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$APII Core Wafer Systems Adds Third Revenue Stream with Third-Party Alliance
Core Wafer Systems continues to deliver innovative solutions, bringing in a third revenue stream through an exclusive alliance with another industry leader, further cementing their position as thought leaders in their verticals.
NEW YORK, Feb. 7, 2012 /PRNewswire via COMTEX/ -- Action Products International, Inc. (OTC Pink: APII ), the parent company of Core Wafer Systems, Inc., a technology leader with a propriety parallel measurement schema for evaluation of physical phenomena in semiconductor and magnetic devices and processes. APII announces an exclusive alliance with Theta Delta (TD) to build improvements into TD's system testers.
Semiconductor manufacturers require extremely long test periods, often measured in months, for components that are manufactured. Core Wafer Systems (CWS) and TD work together to deliver a total system to perform these long-duration tests. This alliance covers an install base of over 350 system testers and includes customers such as Raytheon and Triquint.
Core Wafer has inked an exclusive alliance with TD to market, sell, and deliver improvements to their burn-in and long term reliability system testers. Improvements for building functionality into CWS software and creating advanced reliability test libraries for long stress times for specific use cases are identified through this partnership. Some of the greatest improvements will come when Core Wafer finalizes the retooling of the tester to use their proprietary source measure units (SMU) and reliability algorithm test library, PDQ-WLR 7, for better performance. This performance gain is extremely valuable to manufacturers as this reduces the time and cost of testing, allowing the correlation in test variables as you move from accelerated times to long duration stress times.
An alliance with TD compliments the existing business units: Semiconductor & Nanotechnology and Magnetics Test Systems & Solutions. This third revenue stream improves the overall profitability of CWS and brings additional bottom-line profits into APII through sales and professional services.
CWS involvement in this alliance introduces us to an additional set of customers, and often, this introduction has turned into an opportunity for these customers to purchase CWS proprietary hardware and measurement software.
Greg Miller, Member of the Board of Directors at APII and Marketing Director at CWS states:
"Core Wafer Systems is extremely excited about this alliance with Theta Delta. This alliance positions Core Wafer Systems as the only company that can address semiconductor manufacturers' needs from accelerated to long-term testing and burn-in which allows direct data correlation from on-wafer to package devices for the first time. We believe that, not only, does it build on our advantage as a leader in reliability, but will also bring additional revenue into APII, in turn, helping the company and all its shareholders. This partnership has already led to contractual conversations with a Taiwanese manufacturer with an estimated value of over $800,000 in the second half of 2012 and we expect additional contract opportunities to develop as we meet with new leads built out of this alliance. Our projected revenue from this alliance alone is in excess of 6 million over the next twenty four months."
About Action Products International, Inc.Action Products International, Inc. (OTC Pink: APII.PK) is the parent company of Core Wafer Systems, Inc., a technology leader with a propriety parallel measurement schema for evaluation of physical phenomena in semiconductor and magnetic devices and processes. Their software and hardware is used in the testing and data mining of today's most commonly used hard drives, memory, magnetics, and other advanced semiconductor and nanotechnology-based device components. More information about Core Wafer Systems, the WARp product offering, and its other products is available at http://www.corewafer.com or http://www.actionproductsinternational.com .
Please refer all inquiries to info.apii@yahoo.com
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Safe Harbor Statement This press release contains forward-looking statements. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as its future results of operations and financial condition. Such risks include, but are not limited to, the effects of competition with existing enterprises and/or new entrants into the company's markets and industries, fluctuations in currency exchange rates, domestic and global economic conditions generally, the company's ability to obtain financing and attract suitable personnel where required to fully implement its business plan, the adoption and acceptance by the marketplace of the company's technologies and product and service offerings, the possibility of new technologies that are competitive with the company's planned product and service offerings and the effects of future political and economic developments both in the United States and abroad, among others. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of information, future events or otherwise.
SOURCE Action Products International, Inc.
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