WAFR >> NEWZZZ COREwafer Industries Delivers Critical Real-World Test Capabilities to Chinese Manufacturer
2012-06-12 09:15 ET - News Release
Real-world test capabilities for magnetic field sensor switches in "smart" utility meters provide assurance for Multi-Dimension Technology's continued rapid solution advancement.
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.
SOURCE COREwafer Industries, Inc.
