SOURCE: NexTech Solutions, Inc.

August 22, 2007 08:00 ET

FAS Advantage II Extrusion Coating Systems Shipped to Large Chinese Flat Panel Display Manufacturer

Successful First Collaboration of FAS Technologies and NexTech Solutions

AUSTIN, TX--(Marketwire - August 22, 2007) - FAS Technologies, LLC and NexTech Solutions, Inc. (PINKSHEETS: NXSN) are pleased to announce that FAS Technologies has delivered five Advantage II Extrusion Coating systems to a large Chinese manufacturer of Flat Panel Displays for use in their LCD production line.

This is the first phase of a much larger project and the company anticipates subsequent orders to follow. This was also the first successful collaboration between FAS Technologies and NexTech Solutions. The final integration of these systems is currently underway at the customer's manufacturing facility.

The Advantage Series offers high performance extrusion (spinless) coating of liquid materials onto substrates from Gen 2 through Gen 8. Systems can be configured for flexible as well as rigid substrates and are suitable for development as well as production applications. Coating uniformity of better than approximately 3% is routinely achieved for a wide variety of applications, including photoresist, color filter resist, polyimides, and polymer OLED materials.

About NexTech Solutions and FAS Technologies

NexTech Solutions, Inc. delivers advanced metrology and automation solutions to the global semiconductor and flat panel display (FPD) industries. NexTech's mission is to create greater shareholder value through advanced technology development of products targeted at large, fast-growing markets. The company is headquartered in Austin, Texas, with facilities in San Mateo, California. NexTech's stock is quoted on the Pink Sheets under the symbol NXSN. For more information, see: http://www.nxts.com.

FAS Technologies, LLC is a Texas Limited Liability Company with offices in Dallas, Texas and Tokyo, Japan. FAS Technologies is a pioneering company widely recognized in the industry for the development of digital fluid dispensing and a patented spinless coating technology known as "FAS-Coat," which has become the de-facto standard in the coating process of FPD substrates during manufacture. The Company is engaged in the design, development, manufacture, integration, sale and servicing of advanced, high-precision coating systems for the microelectronics industry. For more information, see: http://www.fas.com.

In a correction to the July 26 and July 31 press releases, NexTech and FAS have announced plans to combine the two companies in a two step transaction. The companies will consolidate operations into a joint venture which is expected to close in late September 2007, subject to closing conditions. Following necessary approvals of stockholders and regulatory authorities, the companies will be combined in a merger transaction and reincorporated in Delaware.

Forward-Looking Statements

Statements in this release that are not strictly historical may be "forward-looking" statements. The actual results may differ from those described in this release due to risks and uncertainties that exist in NexTech's operations and business environment, including delays in new product development, product performance and quality issues, our need for additional financing and the dilutive effects of such financing, our inability to integrate the operations of NexTech and FAS and the acceptance of our current and new products in our markets. NexTech undertakes no obligation to publicly release the results of any revisions to any forward-looking statements that reflect events or circumstances arising after the date hereof.

Contact Information

  • Public Relations Contact:
    Wendy Prabhu
    Mercom Capital Group, llc
    1-512-828-6645
    Email Contact