Uniroyal Technology Corporation Sees Increasing Demand For HB-LEDS; Doubling Reactor Capacity For High Brightness Blue/Green Colors
SARASOTA, Fla. Citing a very strong market demand for high brightness light emitting diodes (HB-LEDs), Howard R. Curd, Chairman and Chief Executive Officer of Uniroyal Technology Corporation (Nasdaq: UTCI), announced today that the Company will be doubling its capacity for HB-LEDs for the blue and green colors by purchasing two additional D180 Emcore reactors.
"We are doubling our reactor capacity based on strong market growth expectations and the exceptional interest we are receiving from customers for our high brightness capabilities," Curd noted. The additional reactors are expected to be commercially ready by June 2000.
Uniroyal Technology Corporation expects to be selling HB-LEDs from its Tampa facility in late December. The facility will produce high brightness blue and green LEDs as well as red, orange and yellow colors. High brightness LEDs are used for applications such as traffic signals, indoor and outdoor signage and automotive lighting.
Uniroyal Technology Corporation manufactures and sells proprietary plastic products and specialty chemical and polymer products. The Company has four business segments: High Performance Plastics, Coated Fabrics, Specialty Adhesives and Optoelectronics. Some of the Company s well-known brand names and products include Royalite(R) in thermoplastics products, Polycast(R) in acrylic products, Viplex and Happel in fabrication of parts for the marine industry, Naugahyde(R) in coated fabrics, Silaprene(R) and Gunther Ultra/Bond(TM) in adhesives and in Optoelectronics, epitaxial wafers, package-ready dies and lamps for LEDs.
The Company s stock and warrants trade on the Nasdaq under the symbols UTCI and UTCIW, respectively.
Statements made herein that are forward-looking in nature within the meaning of the Private Securities Litigation Reform Act of 1995 are subject to risks and uncertainties that could cause actual results to differ materially.
Such risks and uncertainties include, but are not limited to, those related to business conditions and the financial strength of the various markets served by the Company, the level of spending for such products and the ability of the Company to successfully manufacture and market its products. For the latest news about Uniroyal Technology Corporation, call 800-836-4014.
Contact: George J. Zulanas, Jr., CEO, Uniroyal Technology Corporation, Tel: 941-361-2220; or Mark N. Tyler of TT Communications, tel: 212-962-3690
George J. Zulanas,Jr., CEO, Uniroyal Technology Corporation, Tel: 941-361-2220; or Mark N. Tyler
of TT Communications, tel: 212-962-3690
