Surfect Technologies Appoints Richard Tung as Vice President of Operations
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TEMPE, Ariz. Oct. 23 Surfect Technologies, Inc. (OTC Bulletin Board: SUFH), a leading provider of advanced interconnect and packaging solutions for solar cell, LED and power management applications, today announced the appointment of Richard Tung to the position of Vice President of Operations. Mr. Tung has held general management and operations management positions in the United States and Asia Pacific region for over 25 years. Prior to joining Surfect, he was the Director of Manufacturing Engineering for Cypress Semiconductor. Mr. Tung was responsible for cost improvements, the corporate environmental green program, and automation of the Cypress manufacturing process. Previously, Mr. Tung was with Amkor Technology for over ten years. He held a variety of engineering and management positions, eventually gaining the title of Vice President of Quality Engineering. He was responsible for interfacing with both customers and factories to resolve quality related issues as well as implementing change control procedures and quality improvement programs. Mr. Tung has also held senior operations positions with National Semiconductor and Texas Instruments. He holds a Master of Science in Chemistry from the University of Malaya and a Master of Business Administration from the University of Phoenix. Steve Anderson, chief executive officer of Surfect, commented, "We are delighted to welcome Richard to Surfect as Vice President of Operations. He has a long history of success in both management and engineering positions and we are confident that his experience in quality enhancement, streamlining operations, and reducing overall manufacturing costs will be an asset to our company as we establish our Asian manufacturing operations. We look forward to his extensive factory and product ramp-up expertise as we support customers with both tools and advanced process metallization and module interconnect solutions. We feel that Richard's unique experience, supporting and developing tools using the Asian manufacturing base as well as packaging outsourced development, will enable us to provide stronger support to clients as module capacity ramps up worldwide and extends to the Asian marketplace. Through low-cost manufacturing, we can further help solar companies achieve grid parity utilizing our DEP technology, which in turn will help our customers improve margins, increase yields and generate higher energy output." About Surfect Technologies Surfect develops and manufactures advanced interconnect solutions that are designed to support the growing demand for solar cell production by reducing the cost per delivered watt. The company's proprietary Direct Energy Plating(TM) (DEP) is an innovative multi-wafer capable, single-cell electroplating process that uses ultrasonic energy to create the metal interconnect on the silicon wafers. The computer-driven DEP process is a "plug-and-play" plating and integrated packaging solution that provides customers with benefits such as a lower cost of ownership, improved process speeds and yields, environmentally sensitive processes, increased operational flexibility and a smaller operational footprint. Additional information about the company is available at www.surfect.com. The information in this release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, particularly statements anticipating future growth in revenues. Words such as "anticipates," "estimates," "expects," "projects," "intends," "plans," "believes" and words and terms of similar substance used in connection with any discussion of future operating or financial performance identify forward-looking statements. There can be no assurances that forward-looking statements will be achieved, and actual results could differ materially from those suggested by the forward-looking statements. Important factors that could cause actual results to differ materially include: the completion and filing of the applicable documents with the Securities and Exchange Commission and the Company's fulfillment of the obligations under the applicable indentures. Therefore, any forward-looking statements in this release should be considered in light of various important factors, including the risks and uncertainties listed above, as well as others. The Company makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made. SOURCE Surfect Technologies, Inc. CONTACT: U.S. Investors: David K. Waldman or Klea Theoharis, both of Crescendo Communications, LLC, +1-212-671-1020; or for European Investors: Shaun Brown of Innovator Capital, +44 (20) 7297 6840; or for Media: Chenoa Taitt of Rooney & Associates, +1-212-223-0682
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