Viasystems Collaborates with Faraday Technology on Advanced Plating Technology
Wednesday, October 20, 2010
ST. LOUIS--(BUSINESS WIRE) --Oct. 19, 2010-- Viasystems Group, Inc. (NASDAQ:VIAS) and Faraday Technology, Inc. are collaborating on demonstration of the FARADAYIC(R) ElectroCell technology for the manufacture of printed circuit boards (PCBs) with high-density interconnect features and at high plating rates for improved productivity.
The patented ElectroCell technology has been shown to plate copper features rapidly with greater copper uniformity than achieved with the standard plating cell geometries used throughout the industry today.
Dr. Craig Davidson, Viasystems' Vice President of Engineering and Technology, stated, "Improved thickness uniformity across the PCB translates to improved capability to fabricate complex features with higher quality and reliability as compared to baseline processes. It also provides productivity improvements, which reduce costs." This work exemplifies Viasystems' commitment to customer satisfaction through advancements in manufacturing technology that increase capability, improve quality and lower the costs of PCBs manufactured by Viasystems.
The FARADAYIC(R) ElectroCell technology is a drop-in technology, anticipated to streamline implementation and reduce costs traditionally associated with incorporation of new technology into existing manufacturing lines. Dr. E. Jennings Taylor, Faraday's founder and Vice President, said, "The tank design, including all tank components, is a drop-in replacement meant to cost-effectively address the continuing miniaturization and sophistication of PCBs for current and next-generation electronic modules."
Funding for this work was provided in part by the United States National Science Foundation through the competitive SBIR program with the goal of advancing and strengthening the United States' manufacturing sector.
FARADAYIC(R) ElectroCell: US Patent Number 7,553,401 (6-30-09), pending Divisional Patent, application number 12/431,030 (filed 4-28-09) and pending Continuation-In-Part, application number 11/836,903 (filed 8-10-07).
Forward Looking Statements
Certain statements in this communication may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of the current beliefs, expectations and assumptions of the management of Viasystems regarding future events and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. Viasystems undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Actual results may differ materially from those expressed or implied. Such differences may result from a variety of factors, including but not limited to: legal or regulatory proceedings; any actions taken by the Company, including but not limited to, restructuring or strategic initiatives (including capital investments or asset acquisitions or dispositions); or developments beyond the Company's control, including but not limited to, changes in domestic or global economic conditions, competitive conditions and consumer preferences, adverse weather conditions or natural disasters, health concerns, international, political or military developments, and technological developments. Additional factors that may cause results to differ materially from those described in the forward-looking statements are set forth under the heading "Item 1A. Risk Factors," in the annual report on form 10-K filed by Viasystems with the SEC on February 25, 2010 and in Viasystems' other filings made from time to time with the SEC and available at the SEC's website, www.sec.gov.
About Faraday Technology
Faraday Technology, Inc. in Clayton, Ohio, was founded in 1991 to develop and commercialize novel electrochemical technology. The company's core competency lies in the management of the innovation process from concept to pilot-scale. The company also manages the intellectual property assets developed from the application of the FARADAYIC Process to provide its customers and strategic partners with strong, competitive advantage. Unique in its approach, Faraday provides customized, scalable solutions for specialized problems in edge and surface finishing, industrial coatings, advanced electronic interconnects, monitoring and mitigation of corrosion, effluent recycle and recovery and power generation.
Viasystems Group, Inc. is a technology leader and a worldwide provider of complex multi-layer, printed circuit boards (PCBs) and electro-mechanical solutions (E-M Solutions). Its PCBs serve as the "electronic backbone" of electronic equipment, and its E-M Solutions products and services integrate PCBs and other components into electronic equipment, including metal enclosures, cabinets, racks and sub-racks, backplanes, cable assemblies and busbars. Viasystems' 15,000 employees around the world serve more than 800 customers in the automotive, industrial and instrumentation, telecom, computer/datacom and military/aerospace end markets. For additional information about Viasystems, please visit the Company's website at www.viasystems.com.
CONTACT: Viasystems Group, Inc.
Dee Johnson, 314-719-1869
KEYWORD: UNITED STATES NORTH AMERICA MISSOURI
INDUSTRY KEYWORD: TECHNOLOGY HARDWARE OTHER TECHNOLOGY SEMICONDUCTOR MANUFACTURING OTHER MANUFACTURING
SOURCE: Viasystems Group, Inc. Copyright Business Wire 2010 http://www.businesswire.com/news/home/20101019005641/en
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