NexTechFAS Signs Exclusive Representation Agreement With the John P. Kummer Group to Expand the Commercialization of Products Th
April 09 2008 - 12:16PM
Marketwired
AUSTIN, TX and FAS Holdings Group, LLC, jointly doing business
as "NexTechFAS," are pleased to announce that the company has
signed an exclusive sales and marketing representation agreement
with the John P. Kummer Group ("Kummer"), a specialized equipment
marketing representative in Europe for semiconductor and other
industries. Kummer, with offices in Germany, the UK, and France
will actively promote and market NexTechFAS technology and products
throughout the European Union, creating a strategic opportunity for
the company within the European-dominated photovoltaic (solar)
market as well as OLED, flexible display and semiconductor
applications.
With over 30 years in business, Kummer has marketed and
distributed semiconductor equipment and tools to the European
Microelectronics Community for many large industry leaders such as
Orbot Instruments, Jordan Valley, Lasertec, KLA-Tencor and many
others. Through this agreement, Kummer will extend NexTechFAS's
technologically advanced extrusion coating and automated optical
inspection solutions to the fast emerging photovoltaic, flexible
electronics and OLED markets in Europe.
"We believe NexTechFAS's technology could have a significant
impact in reducing the current cost of developing solar panels and
potentially play a role in improving the overall economics of
producing photovoltaic energy. Given that last year the European
Union accounted for more than three-quarters of the world's total
photovoltaic market, Kummer's representation is key to our
company's marketing strategy for this industry," stated Miguel
Friedrich, vice president of marketing for NexTechFAS.
Europe is a very significant market to NexTechFAS because of its
current leading production volume in the photovoltaic market.
Industry analysts expect the solar market to grow to over $30
billion by 2012, according to BCC Research. Kummer is expected to
play a significant role in NexTechFAS's growth in this heavily
European-based market. Kummer will also be key to post-sale
customer support and servicing of NexTechFAS equipment in
Europe.
About the John P. Kummer Group
With sales offices in France, Germany and the United Kingdom,
the John P. Kummer Group (www.jpkummer.com) is one of the most well
known distributors in Europe. A small team of very experienced
administrators handles all sales and marketing activities. The JPK
group invests heavily in business systems and technology to
maintain the highest level of reliability in record keeping and
communications.
About NFJV, LLC
NFJV, LLC, doing business as "NexTechFAS" is the operating
company of NexTech Solutions, Inc. (Stock Symbol: NXSL) and FAS
Technologies, LLC, a result of a pending merger transaction between
the two companies. NexTech Solutions currently owns approximately
52 percent of NexTechFAS and will own 100 percent upon completion
of the final step of the merger transaction. NexTechFAS is a
Delaware limited liability company with facilities in Austin and
Dallas, Texas. The company is widely recognized in the industry for
the development of digital fluid dispensing and a patented
extrusion coating (spinless coating) technology known as
"FAS-Coat," which has become the de-facto standard in the coating
processes used in the manufacture of flat panel displays (FPDs).
The company also delivers advanced metrology and automation
solutions, and is the first to deliver a turn-key solution for
manufacturing lines in the FPD, photovoltaic and semiconductor
industries. NexTechFAS's stock is quoted on the Pink Sheets under
the symbol NXSL. For more information, visit:
http://www.nextechfas.com.
Forward-Looking Statements
This release may include forward-looking statements that involve
risks and uncertainties. Any forward-looking statements and all
other statements that may be made in this news release that are not
historical facts are subject to a number of risks and
uncertainties, and actual results may differ materially. Specific
risks include delays in new product development, product
performance and quality issues and the acceptance of our current
and new products by the FPD and semiconductor markets.
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Investor and Public Relations Contact: Mercom Capital Group, LLC
1-512-215-4452 Email Contact
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