Uniroyal Technology Corporation Announces U.S. Army Contract for Advanced Semiconductors Awarded to Sterling Semiconductor
Sarasota, FL. Sterling Semiconductor, Inc., a subsidiary of Uniroyal Technology Corporation (Nasdaq: UTCI), announced today that it has been awarded an R&D contract from the U.S. Army related to advanced silicon carbide semiconductor devices. The contract is for approximately $746,000.
The contract is aimed at developing a unique way of applying epitaxial thin films to silicon carbide substrates produced by Sterling. These films are the building blocks of a wide variety of semiconductor devices and further development of their specifications is important to applying silicon carbide semiconductor technology to military and commercial electronic applications.
"The fact that the Army is relying on Sterling to fulfill this contract requirement is another indication of the quality of Sterling s technology and ability to provide results for both military and commercial customers," said Robert L. Soran, President and Chief Operating Officer of Uniroyal Technology Corporation. "Sterling now has seven active contracts with the Army, Navy, and Air Force related to making advances in silicon carbide technology to support our national defense. In each case, the programs also parallel our path to market for commercial products and can help accelerate the time-to- market of advanced silicon carbide epitaxy and devices."
The contract is a Phase II Small Business Innovation and Research (SBIR) award following a successful Phase I completed by Sterling.
Uniroyal Technology s Compound Semiconductors & Optoelectronics business segment includes Uniroyal Optoelectronics, LLC, Sterling Semiconductor, Inc., and NorLux Corp. Uniroyal Optoelectronics manufactures high brightness light emitting diodes (HB-LEDs), a rapidly growing market with applications such as traffic signals, indoor/outdoor signage and automotive applications. Brand names include POWER-Ga(i)N™ and POWER-BR(ite)™. Sterling Semiconductor is a leading producer of silicon carbide (SiC) substrates, epitaxial thin films on SiC substrates and is developing SiC devices for wireless communications, industrial process control, and power amplification. NorLux Corp. specializes in the design and manufacture of custom lighting solutions utilizing light emitting diodes (LEDs). Well-known brand names in Uniroyal s Coated Fabrics and Specialty Adhesives segments include NAUGAHYDE® and NAUGASOFT® in coated fabrics and, SILAPRENE®, HYDRA FAST-EN® and GUNTHER ULTRA/BOND® in adhesives.
The Company s common stock and warrants trade on the Nasdaq/NMS 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.
Contact: George J. Zulanas, Jr., CFO of Uniroyal Tel: +1-941-361-2220 or Media, Allan Fliss or Glen Turvey both of Richartz, Fliss, Clark & Pope Tel: +1-973-627-8180
George J. Zulanas, Jr., CFO of UniroyalTel: +1-941-361-2220
or
Media, Allan Fliss or Glen Turvey both of Richartz, Fliss, Clark & Pope
Tel: +1-973-627-8180
