Surfect Technologies, Inc. Announces First Solar Tool Order
Letter of Intent Received for up to 10 Solargy UnitsALBUQUERQUE, N.M., Nov. 28 /PRNewswire-FirstCall/ -- Surfect Holdings,Inc. (OTC Bulletin Board: SUFH), announced today its wholly-owned subsidiary,Surfect Technologies, Inc. ("Surfect"), received a Letter of Intent from aTexas based solar company for up to ten (10) Solargy tools to be deliveredthroughout 2008 and 2009. The Letter of Intent is subject to customaryconditions including the execution of a formal purchase order and customeracceptance of the equipment.
This is the first significant order for Surfect's Solargy product, aninnovative single cell electroplating tool and process, which will improvemanufacturing speeds and yields for solar cell manufacturers. Surfect'sleading edge technology position in the solar industry will allow them to playa significant role in the large and quickly growing solar market space.
According to recent industry reports, the key to advancing silicon solarenergy is enabling ways to leverage the current silicon shortages with moreefficient metal interconnect, thinner silicon solar cells, and more advancedtechnology such as concentrating technology. Solar manufacturers areimplementing measures to streamline production, improve module integration,and gain economies of scale, all while finding ways to utilize less siliconfor the same power generated. Surfect's tool and process technology offerssolar company's improved automated wafer handling, faster throughput, andadvanced thru-silicon backside metallization, which will improve manufacturingspeeds and yields for solar cell manufacturers.
"This first customer Letter of Intent is a huge milestone for us", saidSteve Anderson, CEO of Surfect. "We are currently in various stages ofdialogue with a number of the world's leading solar companies regardingdeployments of our process tool systems. We expect this to be the first ofmany new orders from the rapidly growing solar industry. Our developmentfocus is to advance the solar manufacturing metallization technology andprovide product differentiation while also providing cost reduction criticalto our customers' success."
"We have what we believe is the most cost-effective electrolytic platingsolution available today for both the semiconductor and Solar industries,"noted Mark Eichhorn Vice President Sales & Marketing for Surfect.
About Surfect Holdings, Inc.
Surfect provides advanced manufacturing equipment to the solar industry.The company's innovative single cell electroplating tool and process canimprove manufacturing speeds and yields for solar cell manufacturers.Surfects proprietary technology allows solar manufactures to use less silicon,while reducing costs, and automating throughput. This technology can also beused in the semiconductor industry for advanced plating and interconnects.Surfect has been issued three patents and has six patents pending. Additionalinformation is available at http://www.surfect.com.
Certain statements contained in this press release are "forward-lookingstatements" within the meaning of applicable federal securities laws,including, without limitation, anything relating or referring to futurefinancial results and plans for future business development activities, andare thus prospective. Forward-looking statements are inherently subject torisks and uncertainties some of which cannot be predicted or quantified basedon current expectations. Such risks and uncertainties include, withoutlimitation, the risks and uncertainties set forth from time to time in reportsfiled by the company with the Securities and Exchange Commission. Although thecompany believes that the expectations reflected in such forward-lookingstatements are reasonable, it can give no assurance that such expectationswill prove to have been correct. Consequently, future events and actualresults could differ materially from those set forth in, contemplated by, orunderlying the forward the forward-looking statements contained herein. Thecompany undertakes no obligation to publicly release statements made toreflect events or circumstances after the date hereof.
Mark Eichhorn, Surfect Technologies, Inc. (215) 693-6240
Terry McGovern, Vision Advisors, Inc. (415) 902-3001,
Brian Mikes, Vision Advisors, Inc. (415) 370-5414
Jody Mahaffey, JDM Resources, (480) 216-5049
Jeffrey Luth, Impress Public Relations (480)703-9983
firstname.lastname@example.orgSOURCE Surfect Holdings, Inc.Mark Eichhorn of Surfect Technologies, Inc., +1-215-693-6240; or InvestorRelations, Terry McGovern, +1-415-902-3001, or Brian Mikes, +1-415-370-5414,both of Vision Advisors, Inc. for Surfect Technologies, Inc.; or Marketing,Jody Mahaffey of JDM Resources, +1-480-216-5049, for Surfect Holdings, Inc.;Media, Jeffrey Luth of Impress Public Relations, +1-480-703-9983,email@example.com, for Surfect Holdings, Inc.
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