Nanopierce, Meinung, heutiges Kursziel? (+ 100%?) o.T.
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Wertpapier: NANOPIERCE TECHS INC |
NANOPIERCE TECHNOLOGIES, INC., ANNOUNCES FINANCIAL
RESTRUCTURING
April 2, 200
3, Denver, Colorado: NANOPIERCE TECHNOLOGIES, INC., (OTC:BB:NPCT) todayannounced that it had implemented a major financial restructuring of the Company and its subsidiaries.
Responding to the continuing challenge presented by today’s business and economic environment, the
Company and its subsidiaries laid-off 55% of its work force, implemented additional salary reductions and
eliminated or reduced leasehold expenses in an effort to further reduce its overhead and cash burn rate.
The Company estimates that because of these and other actions, consolidated overhead has been reduced
by approximately 40% to 50%. The remaining employees are capable of carrying forward the business
activities of the Company and the core competencies of the management and staff team have been
retained.
The conditions prevailing in the financial markets and the global semiconductor market presented the
Company with little alternative but to implement cost saving changes in order to enhance its ability to
weather the current environment.
As part of the changes implemented by the Company, NanoPierce Card Technologies, GmbH, due to the
requirements of German law, was placed into receivership. The Company had contemplated the possible
dissolution of NanoPierce Card Technologies, GmbH as part of a plan to simplify operations in Germany.
The Company intends to focus all activities in Germany into NanoPierce’s other German subsidiary,
ExypnoTech GmbH, which remains unaffected by the receivership of NanoPierce Card Technologies
GmbH. However, expansion of these activities is heavily dependent upon the Company or ExypnoTech
obtaining sufficient financing.
NanoPierce’s U.S. subsidiary, NanoPierce Connection Systems, Inc., will continue its pursuit of the
WaferPierce
TM opportunity along with other, on-going efforts to commercialize NCS TM with industry leaders.The subsidiary will also increase the emphasis given to projects producing shorter-range revenue. Certain
former employees have agreed, on request, to assist the Company on a consulting basis on these business
activities.
The Company also continues to pursue financing for its business operations.
Paul H. Metzinger, President and Chief Executive Officer of NanoPierce Technologies Inc., stated
"Regrettably we had to implement this financial restructuring but it was made necessary by existing
economic conditions. Tough as it might be, we exercised the discipline required to better enhance the
prosperity of the Company."
ABOUT NANOPIERCE TECHNOLOGIES, INC.
NanoPierce Technologies, Inc.,
of Denver, Colorado, USA, is traded on the NASDAQ stock market(OTC:BB:NPCT) as well as on the Frankfurt and Hamburg exchanges (OTC:NPI). In addition to the 12
patents it owns, NanoPierce has numerous applications pending, others in preparation, and various other
intellectual properties related to NanoPierce’s proprietary NCS™ (NanoPierce Connection System). This
advanced system is designed to provide significant improvement over conventional electrical and
mechanical interconnection methods for high-density circuit boards, components, sockets, connectors,
semiconductor packaging and electronic systems.
ABOUT NANOPIERCE CONNECTION SYSTEMS INC.
NanoPierce Connection Systems, Inc.,
is a 100% subsidiary of NanoPierce Technologies, Inc., located inColorado Springs, Colorado. NanoPierce Connections Systems, Inc., has been chartered to undertake high
volume production WaferPierce™, a revolutionary and enabling semiconductor wafer treatment for ultra-low
cost flip-chip without the necessity of wire bonding, conductive adhesives, or soldering. Typical end-use
applications of WaferPierce™ include Smart Labels, Smart Cards, and LED arrays.
ABOUT EXYPNOTECH GmbH
ExypnoTech GmbH
is a 100% subsidiary of NanoPierce Technologies, Inc., located in Rudolstadt,Germany. ExypnoTech develops, produces and markets components for the RFID market worldwide. In its
production of smart inlays, the Company employs flip chip processes based on NanoPierce Technologies
patents. For further information on ExypnoTech, log on to www.exypnotech.com.
This announcement contains forward-looking statements about NanoPierce Technologies, Inc., and its
subsidiaries, that may involve risks and uncertainties. Important factors relating to the Company’s
operations could cause actual results to differ materially from those in forward-looking statements and are
further detailed in filings with the Securities and Exchange Commission (SEC) available at the SEC’s
website (http://www.sec.gov). All forward-looking statements are based on information available to
NanoPierce Technologies, Inc., on the date hereof, and NanoPierce Technologies, Inc., assumes no
obligation to update such statements.
CONTACT:
NanoPierce Technologies, Inc. Paul H. Metzinger
President & CEO
370 17
th Street, Suite 3640Denver, CO 80202, USA
Phone: +1 - 303 - 592 - 1010
Fax: +1 - 303 - 592 - 1054
Email: paul@nanopierce.com
NanoPierce Connection Systems, Inc. Dr. Herbert J. Neuhaus
President & CEO
4180 Center Park Drive
Colorado Springs, CO 80916
Phone: + 1-719-638-5930
Fax: +1-719-638-5933
Email: herb@nanopierce.com
ExypnoTech GmbH Dr. Michael E. Wernle
President & CEO
Lise-Meitner-Strasse 1
D – 85662 Hohenbrunn (Munich), Germany
Phone: + 49-8102-896140
Fax: + 49-8102-896141