SOURCE: IO Circuit

January 25, 2012 07:30 ET

Core Wafer Systems (APII) Releases New Software, Has $3 Million in Upgrade Commitments for 2012

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO CIRCUIT

NEW YORK, NY--(Marketwire - Jan 25, 2012) - Action Products International, Inc. (PINKSHEETS: APII) announced yesterday that they released version 7.0 of PDQ-WLR, the on-wafer accelerated reliability product designed specifically for Agilent Technologies Parametric Testers (NYSE: A). Some of the many other users of the Company's PDQ-WLR are Texas Instruments (NYSE: TXN) and Taiwan Semiconductor Manufacturing (NYSE: TSM).

The Company has over 800 active licenses and has received over $3 million in orders for 2012, and that number is expected to climb 300% into 2013. Action Products expects Core Wafer to generate more than $14 million during 2012 (pro forma). The company attributes the extraordinary growth to several advantageous factors, including major upgrades like version 7.0, being rolled out to new and existing customers. Core Wafer has developed strategies in response to demands relating to advances in semiconductors, nanotechnology, and magnetics industries.

According to Gartner Research, the top electronic equipment manufacturers accounted for at least 35 percent of semiconductor vendor revenue worldwide, or $105.6 billion -- an increase of $1.8 billion, or 1.8 percent from 2010. With an increase in semiconductor sales, an increase in the need for testing and reliability could follow.

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