NexTStar Automated Optical Inspection System to Be Integrated Into Plastic Logic Limited Manufacturing Line

* Reuters is not responsible for the content in this press release.

Tue Jan 22, 2008 8:01am EST

  AUSTIN, TX, Jan 22 (MARKET WIRE) -- 
 NexTech Solutions, Inc. and FAS Holdings Group, LLC, doing business jointly as
"NexTech FAS" (PINKSHEETS: NXSL), are pleased to announce that plastic
electronics leader, Plastic Logic Limited, has placed a follow-up order with the
company for NexTStar(TM), a stand-alone automated optical inspection system
(AOI).
The NexTStar will be incorporated into Plastic Logic's manufacturing line of
flexible organic active matrix displays.

    The NexTStar employs highly accurate and sensitive detection of
problem-causing particles during flat panel display (FPD) manufacture.  The
system represents breakthrough performance in FPD defect detection because of
its ability to
identify defects as small as 300 nanometers with its proprietary NanoScan(TM)
technology.

    Prior to placing an order for NexTStar, Plastic Logic purchased the
NexTechFAS Advantage IV Coating Solution, a fully-automated, integrated coating
line.  Both purchases are to be used in Plastic Logic's manufacturing line
of flexible organic active matrix displays being developed for commercial
portable electronic reader devices.

    Nick Cousins, the director of technology transfer for Plastic Logic,
commented,
"NexTech FAS is the ideal partner for Plastic Logic; they are a company
with a range of technologies ideally suited to our developing process and are of
size to respond quickly to our demanding requirements."

    About Plastic Logic

    Plastic Logic is a leading developer of plastic electronics -- a new
technology
for manufacturing (or printing) electronics. The Plastic Logic approach
solves the critical issues in manufacturing high resolution transistor arrays on
flexibleplastic substrates by using a low temperature process without mask
alignment
that is scaleable for large area, high volume and low cost.

    This enables radical new product concepts in a wide range of applications
including
flexible displays and sensors. Independent experts from IDTechEx forecast
plastic
electronics will be a $30 billion industry by 2015, and could reach as much
as $250 billion by 2025.

    Plastic Logic was spun out of Cambridge University in 2000 to build on 10
years of research and has a team of more than 90 employees. The company
hasnow raised equity and venture finance from financial and industrial investors
including Amadeus Capital Partners (UK), BASF (Germany), Bank of America
(US), Dow Chemical (US), Intel Capital (US), Morningside (Hong Kong), Merifin
Capital (Belgium), Nanotech Partners (an international nanotechnology fund
established
principally by Mitsubishi Corporation of Japan), Oak Investment Partners
(US), PolyTechnos Venture-Partners (Germany), Siemens (Germany), Tudor
Investment
Corporation (US) and Yasuda Enterprise Development (Japan). Other shareholders
include Cambridge Display Technology, Seiko Epson and the University of
Cambridge.
Venturefinance has been provided by European Technology Ventures and European
Venture
Partners.

    About NFJV, LLC

    NFJV, LLC, doing business as "NexTech FAS," is the operating company of
NexTech Solutions, Inc. and FAS Holdings Group, LLC.  NexTech FAS is a Delaware
limited liability company, headquartered in Austin, Texas, with facilities in
Dallas and Tokyo.  The company is widely recognized in the industry for the
development of digital fluid dispensing and a patented extrusion coating
(spinless coating)
technology known as "FAS-Coat," which has become the de-facto standard in the
coating processes used in the manufacture of FPDs.   The company also
delivers advanced metrology and automation solutions, and is the first to
deliver a turn-key solution for manufacturing lines in both the semiconductor
and FPD industries.  NexTech FAS' stock is quoted on the Pink Sheets under
the symbol NXSL. For more information, visit: http://www.nextechfas.com.

    Forward-Looking Statements

    This release may include forward-looking statements that involve risks and
uncertainties. Any forward-looking statements and all other statements
thatmay be made in this news release that are not historical facts are subject
to a
number of risks and uncertainties, and actual results may differ materially.
Specific risks include delays in new product development, product performance
and
quality issues and the acceptance of our current and new products by the FPD and
semiconductor markets.

    

Investor and Public Relations Contact:
Mercom Capital Group, LLC
1-512-215-4452
Email Contact

Copyright 2008, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.