Sunday, February 01, 2004 8:37:51 PM
Found this, but it wasn't dated, so may not even be current but it is interesting nonetheless. Found on RB site
Cetek's Backlog Nears $2 Million
Cetek Technologies, Inc. (Poughkeepsie, NY), a manufacturer of industrial and electronic ceramics, has announced that its order backlog is now $1,865,500 primarily due to increased demand for ceramics. Cetek is expanding its capacity with the addition of new equipment, and preparing for increased capacity after several planned acquisitions. Targeted acquisitions are companies that are not only in line with Cetek's overall business model, but are available at low cost and show strong fundamentals. Near-term acquisition targets are expected to have Nasdaq Small Cap listing. Cetek specializes in structural and electronics ceramics, with an emphasis on the flat panel display and cellular telephone industries. Cetek's proprietary production process reduces machining requirements for sintered parts, and lowers processing costs by 40% compared to the industry standard. Cetek's display technology brought the company a Department of Commerce contract to develop "smart display" technology in addition to its more conventional flat panel display backplanes. Flat panel displays are a $30 billion industry, with ceramic backplanes accounting for $2 to $3 billion annually. In addition to displays, Cetek also supplies ceramic substrates for hybrid and multichip module (MCM) electronic packaging.
In addition to large clients like IBM, Cetek targets medium and small accounts. The company believes the small and medium market is valued at $1 billion per year, with little or no competition.
Contact: James Stock, Stock Enterprises, 888/458-5747 or Cetek Technologies, Inc., 19 Commerce St., Poughkeepsie, NY 12603; Tel: 914/452-3510, Fax: 914/452-3524
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