Galtech Reports Progress on its Motor/Generator Technology
21 September 1999
Galtech Reports Progress on its Motor/Generator TechnologyPROVO, Utah, Sept. 20 -- Galtech Semiconductor Materials Corporation (Galtech) (OTC Bulletin Board: GTSM) today announced that it has completed the construction of a test automobile which will be used as a platform for developing its unique electrical motor/generator technology. While Galtech's main focus remains on the development and production of compound semiconductor materials, the company is continuing the development of its patented motor/generator technology. Galtech is an innovative research and development company with its beginnings in the development and manufacture of high quality, specialty, compound semiconductor materials. An electrical motor, which is unique, is an additional area where the company is developing this patented technology. This press release includes forward-looking statements that involve risks and uncertainties. It is not a solicitation to purchase or sell securities of Galtech Semiconductor Materials Corporation. Readers should consult with their own independent tax, business or financial advisors with respect to any investment in this company. For investor relations please contact William R. Tunnell at (623) 825-2550, or consult the Company's web site at http://www.galtech-corp.com.