Trio-Tech International Wins $2.6 Million Contract From Unit of Alcatel
San Fernando, CA. Trio-Tech International (ASE:TRT) announced today that its San Jose, Calif.-based Universal Systems subsidiary won a contract valued at approximately $2,600,000 from Alcatel Optronics, a unit of Alcatel (Paris:CGEP.PA)(NYSE:ALA), for wet process systems to be installed as part of the expansion of Alcatel s wafer fabrication facility in Nozay, France. The equipment is scheduled for delivery over the next several months.
Universal Systems advanced VLF Series automated wet process stations will be used for wafer cleaning and related functions during R&D and production of silicon wafer substrates and gallium arsenide substrates integrated with indium phosphide devices.
Universal Systems will install the equipment in cooperation with Varioplan, an engineering firm based in La Neuveille, Switzerland. John Baijens, general manager of Varioplan, said, "We are excited about this project and look forward to working in partnership with Universal Systems and local Alcatel engineers. We anticipate developing several new wafer process techniques next year, once installation of the new process equipment is complete."
Tony DiPiero, president of Universal Systems, said, "We believe that this significant contract win for Universal Systems speaks to the many competitive advantages of our new VLF Series products. We look forward to expanding our relationship with this important new customer in the years ahead."
Trio-Tech Chairman A. Charles Wilson added, "This large order is the latest in a series of encouraging developments at Trio-Tech. All of our business units are experiencing robust demand. We continue to expect substantial growth in revenue and earnings for the fiscal year ending June 30, 2000 compared to fiscal 1999, and currently anticipate further top- and bottom-line growth in fiscal 2001."
About Alcatel
The Optronics division of Alcatel markets a full range of devices and solutions for fiber optic communications. Operating state-of-the-art manufacturing plants in France and in the USA, it is a leading supplier of DWDM lasers, photodetectors, optical amplifiers, high-speed interface modules and key passive devices such as arrayed waveguide multiplexers and Fiber Bragg Grating filters.
Alcatel builds next generation networks, delivering integrated end-to-end voice and data communications solutions to established and new carriers, as well as enterprises and consumers worldwide. With 120,000 employees and sales of EURO 23 billion in 1999, Alcatel operates in more than 130 countries. For more information, visit Alcatel on the Internet: www.alcatel.com.
About Trio-Tech
Trio-Tech International designs and sells equipment and systems used in the manufacture and testing of semiconductors. The Company also provides semiconductor testing services and is a value-added reseller of semiconductor testing equipment. Headquartered in San Fernando, Calif., Trio-Tech operates manufacturing, testing and distribution facilities in the United States, Europe and the Far East. For further information or to request quotations for any of Trio-Tech s complete line of semiconductor test equipment, visit the Company s Website at www.triotech.com.
The statements contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties, including, without limitation, demand and competition for the Company s products and services, and other risks or uncertainties detailed in the Company s Securities and Exchange Commission filings.
Contact: Trio-Tech International, San Fernando Dale Cheesman, 818/365-9200 or Berkman Associates 310/277-5162 info@BerkmanAssociates.com
Trio-Tech International, San Fernando
Dale Cheesman, 818/365-9200
or
Berkman Associates
310/277-5162
info@BerkmanAssociates.com
E-mail: info@BerkmanAssociates.com
Web site: http://www.triotech.com
