TMCnet News
COREwafer Industries Signs LOI to Partner with SEMATECHHOLLYWOOD, Fla. --(Business Wire)-- COREwafer Industries, Inc. (Pink Sheets: WAFR) a holding company whose wholly owned subsidiary, Core Wafer Systems, Inc. ("CWS") is the creator of proprietary software with installations worldwide, today announced the Company has signed a Letter of Intent with SEMATECH (News - Alert), a 12-member global consortium of major computer chip manufacturers. This LOI as an expression of the joint interest to work together on SEMATECH's Device Characteristic Measurement Project focusing on establishing architecture of the electrical measurements software, which can identify and direct sequences of comprehensive measurements allowing to extract device characteristics ("Project"). The intent of the LOI is to continue the formal dialogue and in-depth discussions regarding the costs, rights and obligations for the Company and SEMATECH to work together on the Project. "We are pleased to have this opportunity to continue with another phase of our partnership with such an established and well-respected consortium", said Cyril Moreau, CEO of COREwafer Industries. "This alliance with SEMATECH will allow us to expand our comprehensive characterization software library which addresses our industry's manufacturing needs". About SEMATECH For over 25 years, SEMATECH®, the international consortium of leading semiconductor device, equipment, and materials manufacturers, has set global direction, enabled flexible collaboration, and bridged strategic R&D to manufacturing. Through our unwavering commitment to foster collaboration across the nanoelectronics industry, we help our members and partners address critical industry transitions, drive technical consensus, pull research into the industry mainstream, improve manufacturing productivity, and reduce risk and time to market. Information about SEMATECH can be found at www.sematech.org. Twitter (News - Alert): www.twitter.com/sematech About COREwafer Industries COREWAFER INDUSTRIES, INC. (WAFR) is a holding company headquartered in Hollywood, FL, that currently operates and manages two subsidiary companies. The goal of WAFR is to strategically acquire businesses with strong growth potential and a solid business plan in the software and technology industries. For information, visit our new website at www.corewaferindustries.com. CORE WAFER SYSTEMS, INC. (CWS), the wholly owned subsidiary and Flagship Company of COREwafer Industries, Inc. (WAFR), creates proprietary software, software algorithms, and hardware that is used in the testing and data mining of the most commonly used computer hard drives, memory, and magnetics; as well as other advanced magnetics, semiconductor and nanotechnology-based device components. For more information, visit www.corewafer.com. Safe Harbor This release may contain "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and of Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief, or current expectations of COREwafer Industries, Inc. and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully in its market segment, and the ability to complete some or all of the before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results. CONTACT: COREwafer Industries, Inc. Teresa McWilliams, Chief Financial Officer 866-793-1110
|
