ALBUQUERQUE, N.M., Nov. 28 /PRNewswire-FirstCall/ -- Surfect Holdings, Inc. (BULLETIN BOARD: SUFH) , announced today its wholly-owned subsidiary, Surfect Technologies, Inc. ("Surfect"), received a Letter of Intent from a Texas based solar company for up to ten (10) Solargy tools to be delivered throughout 2008 and 2009. The Letter of Intent is subject to customary conditions including the execution of a formal purchase order and customer acceptance of the equipment.
This is the first significant order for Surfect's Solargy product, an innovative single cell electroplating tool and process, which will improve manufacturing speeds and yields for solar cell manufacturers. Surfect's leading edge technology position in the solar industry will allow them to play a significant role in the large and quickly growing solar market space.
According to recent industry reports, the key to advancing silicon solar energy is enabling ways to leverage the current silicon shortages with more efficient metal interconnect, thinner silicon solar cells, and more advanced technology such as concentrating technology. Solar manufacturers are implementing measures to streamline production, improve module integration, and gain economies of scale, all while finding ways to utilize less silicon for the same power generated. Surfect's tool and process technology offers solar company's improved automated wafer handling, faster throughput, and advanced thru-silicon backside metallization, which will improve manufacturing speeds and yields for solar cell manufacturers.
"This first customer Letter of Intent is a huge milestone for us", said Steve Anderson, CEO of Surfect. "We are currently in various stages of dialogue with a number of the world's leading solar companies regarding deployments of our process tool systems. We expect this to be the first of many new orders from the rapidly growing solar industry. Our development focus is to advance the solar manufacturing metallization technology and provide product differentiation while also providing cost reduction critical to our customers' success."
"We have what we believe is the most cost-effective electrolytic plating solution available today for both the semiconductor and Solar industries," noted Mark Eichhorn Vice President Sales & Marketing for Surfect.
About Surfect Holdings, Inc.
Surfect provides advanced manufacturing equipment to the solar industry. The company's innovative single cell electroplating tool and process can improve manufacturing speeds and yields for solar cell manufacturers. Surfects proprietary technology allows solar manufactures to use less silicon, while reducing costs, and automating throughput. This technology can also be used in the semiconductor industry for advanced plating and interconnects. Surfect has been issued three patents and has six patents pending. Additional information is available at http://www.surfect.com/.
Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward the forward-looking statements contained herein. The company undertakes no obligation to publicly release statements made to reflect events or circumstances after the date hereof.
Mark Eichhorn, Surfect Technologies, Inc. (215) 693-6240
Terry McGovern, Vision Advisors, Inc. (415) 902-3001,
Brian Mikes, Vision Advisors, Inc. (415) 370-5414
Jody Mahaffey, JDM Resources, (480) 216-5049
Jeffrey Luth, Impress Public Relations (480)703-9983