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SCI Engineered Materials Receives $1 Million Thin Film Solar Order
| Source: SCI Engineered Materials, Inc.
COLUMBUS, OH--(Marketwire - June 22, 2009) - SCI Engineered Materials, Inc. (SCI) (OTCBB : SCIA ), a manufacturer of ceramics and metals for advanced applications
using physical vapor deposition, today announced it received a $1 million
order for Thin Film Solar products, which are expected to be manufactured
and shipped during the second half of 2009.
SCI began developing additional products for Thin Film Solar in 2006
following several years as a materials supplier to that growing market.
During the past two years the Company accelerated the acquisition of
manufacturing equipment to scale its operations and also hired additional
engineering and sales staff to specifically focus on Thin Film Solar.
Currently, SCI is actively involved in the qualification process with
several customers and has received a number of trial orders in 2009.
Dan Rooney, Chairman, President and Chief Executive Officer, stated, "We
are pleased to receive this significant order for Thin Film Solar products.
It underscores the progress we are making in this strategic market that
exhibits exciting long-term growth potential. We are continuing to scale
SCI's manufacturing and service capabilities to capture a larger share of
the global Thin Film Solar market."
About SCI Engineered Materials, Inc.
SCI Engineered Materials, Inc. manufactures ceramics and metals for
advanced applications such as photonics, thin film solar, thin film
batteries, and semiconductors. SCI Engineered Materials is a global
materials supplier with clients in more than 40 countries. Additional
information is available at http://www.sciengineeredmaterials.com.
This press release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, which are
intended to be covered by the safe harbors created thereby. Those
statements include, but are not limited to, all statements regarding
intent, beliefs, expectations, projections, forecasts, and plans of the
Company and its management, and specifically include statements concerning
an order for products that are expected to be manufactured and shipped
during the second half of 2009, the Company's active involvement in the
qualification process with several customers and a number of trial orders
that have been received in 2009, the Company continuing to scale its
manufacturing and service capabilities to position it to capture a larger
share of the global Thin Film Solar market. These forward-looking
statements involve numerous risks and uncertainties, including, without
limitation, other risks and uncertainties detailed from time to time in the
Company's Securities and Exchange Commission filings, including the
Company's Annual Report on Form 10-K for the year ended December 31,
2008. One or more of these factors have affected, and could in the future
affect, the Company's projections. Therefore, there can be no assurances
that the forward-looking statements included in this press release will
prove to be accurate. In light of the significant uncertainties in the
forward-looking statements included herein, the inclusion of such
information should not be regarded as a representation by the Company, or
any other persons, that the objectives and plans of the company will be
achieved. All forward-looking statements made in this press release are
based on information presently available to the management of the Company.
The Company assumes no obligation to update any forward-looking statements.