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.co
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.co
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.