SOURCE: Despatch Industries

November 18, 2008 18:06 ET

Despatch Industries Reaches 2008 Sales Booking Plan in Third Quarter

MINNEAPOLIS, MN--(Marketwire - November 18, 2008) - Despatch Industries, the leading process technology provider for the clean technology and thermal processing industries proudly announces that it has already surpassed its 2008 sales plan in the third quarter. The company's innovative products and technologies have allowed Despatch to exceed the aggressive sales goal set going into 2008.

"Our Solar business unit has provided a steady backlog of bookings and in combination with orders from our carbon fiber and thermal technology business units we have had a phenomenal year heading into the fourth quarter," states Patrick Peyton, Despatch CEO. "Exceeding this sales plan in the third quarter is a great achievement for Despatch. We currently hold the number one global market share for firing furnaces in the solar industry and our oxidation oven technology is recognized as the finest in the world for producing carbon fiber materials. I am proud of our efforts and am looking forward to our continued success."

Despatch provides integrated, thermal processing solutions to manufacturers throughout the world. Through innovative clean technology solutions Despatch is playing a significant role in the effort to positively affect climate change. Despatch partners with leading solar manufacturers to provide the tools and technical expertise required for processing highly efficient, low cost solar cells. Carbon fiber manufacturers around the world are using Despatch technology to produce super-strong, lightweight composite material for use in fuel efficient vehicles and aerospace and wind energy applications. We are driven by the challenge of providing advanced technology solutions for a sustainable future.

For more information on Despatch visit our website: www.despatch.com

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