COREwafer Industries Delivers Critical Real-World Test

New Post Public Reply Private Reply Replies (0) Message Board

Jun 12, 2012 at 9:23 AM

COREwafer Industries Delivers Critical Real-World Test Capabilities to Chinese Manufacturer

Real-world test capabilities for magnetic field sensor switches in "smart" utility meters provide assurance for Multi-Dimension Technology's continued rapid solution advancement.

COREwafer Industries, Inc.
RELATED QUOTES
Symbol Price Change
WAFR 0.13

NEW YORK, June 12, 2012 /PRNewswire/ -- COREwafer Industries, Inc. (OTC Pink: WAFR) announces implementation of advanced test systems and services at Multi-Dimension Technology.
Multi-Dimension (MDT) has developed a new type of magnetic switch sensor which offers fast measurement, extended battery life, and uninterrupted, reliable operation to smart flow meters such as those used to measure water flow and gas flow.
MDT was founded in 2010 and is breaking new ground in the manufacturing and delivery of field range, high-sensitivity magnetic sensors. MDT is the first high-volume manufacturer that brings the full advantages of Tunneling Magnetoresistance (TMR) technology to the commercial sensor market.

When MDT needed to ensure that their manufactured components met the highest standards for quality, they reached out to COREwafer for solutions. COREwafer's Apollo on-wafer parametric magnetic test system was able to deliver on the requirements set forth by MDT for their TMR Angle Sensor product line.

Using the COREwafer Apollo system, MDT can perform product wafer sort under real world use conditions. This system provides DC and AC parametric measurements under a variety of test program controlled magnetic field waveforms and geometric magnetic field patterns. The program can perform R-vs-H and R-vs-rotating-H measurements to devices on-wafer prior to packaging, critical to product success.

"The installation of the Apollo Magnetic Test System and initial tests of devices on wafer were done on a consulting basis," states Greg Miller, Board of Directors COREwafer International and Marketing Director of Core Wafer Systems, Inc. "The consulting is ongoing and we will be delivering more of it in the following months. We are also discussing consulting on other test systems we support from Agilent Technologies, 4070 and 4080 Parametric Testers, where we will be installing and starting initial production runs. Furthermore, we are negotiating the sale of additional magnetic systems for parallel testing of MDT manufactured devices. We have begun ongoing consulting services with MDT worth up to $120,000 in 2012, and are discussing contracts projected at three million dollars for several magnetic test systems that include additional on-site services. Over the next three years, as more customers look into the Apollo test line, we are announcing Proforma numbers of $12 million in sales and services."

"Following our recent reorganization under the COREwafer Industries umbrella, our international outlook is now trending upward as shown by our projections with MDT and other Asia-Pacific customers." States Lt. General Thomas P. Stafford ret., Chairman of WAFR, "Introductions are being made throughout the technical community, and we are beginning to show technology companies just how powerful and how extensible the product line supplied by COREwafer Industries can be. Relationships built from within our board of directors continue to bear fruit and as I continue to serve as chairman throughout this two-year period, we will endeavor to introduce this technology to as many large and small technology companies as possible. With financing, and a track record of success, I believe that investors, employees, and shareholders of COREwafer Industries will be proud of this company for many years to come."

About COREwafer Industries, Inc.
Company Web Site: http://www.wfar.com
Company Twitter: @Corewafer
Company Facebook page: http://www.facebook.com/corewafer

COREwafer Industries, Inc. (OTC Pink: WAFR.PK) is the parent company of North East Expedite Logistics, a transportation company; and Core Wafer Systems, Inc., a technology leader with their propriety parallel measurement schema for physical phenomena of semiconductor structures.
Please refer all shareholder inquiries to Corewafer Investor Relations via Twitter @Corewafer, via Facebook http://www.facebook.com/corewafer, or by emailing info@wafr.com
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.

COREwafer Industries, Inc. (WAFR) Stock Research Links

WAFR Board Company Profile Buy Rating Time & Sales News Filings Financials

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Hansa's Idefirix Shows Promise for Kidney Transplants

Compelling Progress from Hansa Biopharma Y'know, navigating through the biotech jungle isn't for the faint-hearted. Hansa Biopharma's recent results with Idefirix could just be the beacon of hope for patients struggling on transplant lists. Announced at the ASN Kidney Week—a name that's got weight, by the way—these findings aren't just filling space. They're promising...

Concierge Hybrid Choice™: Transforming Patient Care

A New Way to Nurture Patient Relationships This isn't just another cookie-cutter patient care program rolling out—it’s a genuine shake-up in the way doctors connect with their patients. Rishika Kaundal, MD, a dedicated family medicine physician, is pioneering change in Midlothian, Virginia with her Hybrid Choice™ concierge program. This isn't a fluff piece; it's a...

Dimethylaminopropylamine Market Eyes $732M by 2035

Surfactants and Epoxy Fuel Dimethylaminopropylamine Demand Hot off the presses, folks! Dimethylaminopropylamine, or DMAPA if you're into acronyms, is gearing up for a steady climb to a $731.9 million market value by the year 2035. That's quite the leap from the $452.6 million we saw back in 2025. According to Credence Research's latest estimates, this amine is hitching...

BOB Raises $5.5M for AI Banking Platform Revolution

Cracking the Code of Small Business Finance BOB, a Miami hotshot aiming to be more than just another fintech flash in the pan, has wrangled a sweet $5.5 million in seed capital. They're shaking hands with big names like Peter Thiel and the mastermind behind Plaid, Zak Perret, through Mischief Ventures. The plan? To build an AI-powered finance savior for small businesses...

First Citizens Surprises with Q3 Gains and Buyback Plan

Unexpected Third Quarter Tailwinds for First Citizens There are days in this trading gig when a bank I'll barely sneeze at hits out of the park. First Citizens BancShares (NASDAQ:FCNCA) pulled off such a feat, wringing out a third-quarter 2026 performance that beat their own benchmarks. They threw $600 million back to shareholders in repurchased stocks while repaying an...

Blockchain Boom: Media Market to Hit $3.33B by 2035

Blockchain is Not Just for Bitcoin Anymore Who would've thought, right? Blockchain's no longer just the playground for cryptocurrency enthusiasts. Today, it's making waves in the media and entertainment sector. Latest numbers from Credence Research have this market set to explode from $748 million in 2025 to a jaw-dropping $3.33 billion by 2035. Yeah, folks, that's a...

Concrete Admixtures Market: A Billion-Dollar Boom

A Look Under the Hood of Concrete Admixtures It's a concrete jungle out there, folks—literally. The once overlooked market of concrete admixtures is gearing up for quite the makeover, projected to hit USD 35.87 billion by 2035. For those of you tuning in, we're talking about chemicals that mix into your average concrete to change its properties. And, believe it or not,...

Estrogen Patch Struggles: Menopause Care Needs a Boost

Troublesome Estrogen Patch Shortages Hit Hard You'd think getting a prescription filled would be a simple task, right? Well, think again. Midi Health shines a glaring light on how the supposed ease of getting hormone therapy is anything but for many women in 2026. Out of those scrambling for estradiol patches, 44% hit roadblocks in pharmacies, and a third hit an all-out...

CardVault by Tom Brady Expands to Pittsburgh

Tom Brady’s CardVault Hits Pittsburgh’s Historic Strip District Pittsburgh just got another feather in its cap with CardVault by Tom Brady marking its 20th store at The Terminal. As if this city needed more sports excitement! Pittsburgh, with its die-hard Steelers, Penguins, and Pirates fans, snags a premium spot for sports collectibles. A Prime Spot for Serious...

Stephen A. Smith Calls for Corporate Support of HBCUs

A Stand for Education at the White House Stephen A. Smith stirred the pot with his decision to attend a White House dinner, a move that had tongues wagging across the media landscape. But this time, it wasn't about the usual hustle and bustle of the sports world. Smith had his sights set on the big picture, specifically, the long-term financial stability of Historically...