Volvo and Delco-Remy Enter Into Initial Agreement With Microphonics
9 June 1999
Volvo and Delco-Remy Enter Into Initial Agreement With Microphonics
NASHVILLE, Tenn., June 8 -- Microphonics
(OTC Bulletin Board: MRPS) http://www.microphonics.com is pleased to
announce that initial orders of Microphonics 111RCK Industrial Ultrasound
Diagnostic unit have been shipped to both Delco-Remy and Volvo Corporation.
Shipments were begun immediately upon receipt of initial orders from both
companies. After results of testing of these initial units Microphonics will
be meeting with the respective companies over the course of the next three
weeks to finalize details of a long-term contract.
Myles Izikoff, Microphonics National Sales Manager, was quoted as
saying, "Our company is looking forward to bringing the increased quality
control and efficiencies that the 111RCK Ultraphonics Detector will
undoubtedly provide to Delco-Remy and Volvo in their manufacturing process.
We anticipate this to be just the beginning of a very long and broad-based
relationship." Delco-Remy will be using the 111RCK for enhanced set-up
diagnostics and testing, along with predictive plant maintenance.
About Volvo:
Volvo , is an industry leader, and Swedish-based
manufacturer of trucks, buses, automobiles, construction equipment,
marine and industrial engines, and developer of aerospace and airline
technology. Visit Volvo at: http://www.volvo.com/
About Delco Remy:
Delco Remy International, designs, manufacturers, remanufacturers
and sells heavy duty motors, generators, automotive starter motors, and
related components for both automotive and heavy duty applications.
They are the leading supplier of aftermarket and OEM electrical systems
and powertrain/drivetrain products.
ABOUT MICROPHONICS:
Microphonics, Inc. has developed and is currently marketing a high
demand, high-tech mechanical ultrasound diagnostic known as the Ultraphonic
Detector. This hand-held device is so exact that it can detect a hole half
the thickness of a human hair. More practically, it can pinpoint and identify
leaks (pressurized, non-pressurized and vacuum), mechanical malfunctions, and
certain electrical problems as well. Perhaps the most remarkable benefit is
that it warns of impending trouble before a costly malfunction occurs.
In addition, with it's proprietary software, the Microphonics ultrasound
detection units are uniquely "trained" to ignore ambient sounds of
noisy factories or engines and only listen to the "signature" ultrasounds
which indicate a potential problem, long before a major breakdown or downtime
issue develops. In-house technicians with only a short one-day training
session can expertly monitor equipment performance and product
quality while reducing maintenance and warranty costs.
SAFE HARBOR DISCLAIMER: The matters described herein contain
forward-looking statements that are made pursuant to the Safe Harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve a number of risks, uncertainties or
other factors beyond the Company's control which could cause actual
results to differ materially from historically results, performance or
other expectations and from any opinions or statements expressed with
respect to future periods