SOURCE: Cetek Technologies Inc

November 14, 2006 09:50 ET

Hybrid-Tek, Inc. Reports Best Year in Past Twenty Years

CLARKSBURG, NJ -- (MARKET WIRE) -- November 14, 2006 -- Hybrid-Tek, Inc., a wholly owned subsidiary of Cetek Technologies, Inc. (PINKSHEETS: CTKH), reported today that they are completing their highest sales revenue year in its twenty-plus year history.

Fayiz Hilal, CEO of Cetek Technologies, stated, "The customers of Hybrid-Tek are very satisfied, in that they not only stay with us, as repeat customers, but they often increase their orders. We are proud of the team at Hybrid-Tek and the commitment and dedication they have shown, which is evidenced by this impressive year of revenue and profit growth."

In spite of this year's unprecedented success, Hybrid-Tek, which manufactures thick film microcircuits and precious metal conductor assemblies for industrial, commercial and military applications, expects 2007 to be even better.

"2006 is going to be Hybrid-Tek's best year ever, both top and bottom line. Sales have been growing substantially, especially in sensors. Bids are out for a large number of new jobs, and we are expecting that 2007's revenues could be 20 percent more than what we'll book in 2006," stated Mr. Hilal.

About Hybrid-Tek, Inc.

Hybrid-Tek, Inc. was founded in 1982 to provide "print, fire and trim" capabilities for thick film hybrid microelectronics users. The company's facilities are in a high tech industrial complex located at the Hytek Corporate Center in Clarksburg, New Jersey. Building on our initial services and capabilities, Hybrid-Tek expanded to include additional circuit engineering services along with the necessary facilities and staff for device wire bonding, surface mounting and complete package assembly and test/documentation. Hybrid-Tek's building was designed exclusively for the production of thick film microcircuits and assemblies and offers substantial space for growth. The company's growth over the years is directly related to our commitment to customer satisfaction, the highest level of service and product quality. Shareholder tours are available, subject to advanced scheduling and management availability.

About Cetek Technologies, Inc.

Cetek Technologies, Inc. (PINKSHEETS: CTKH), founded in 1989 by Fayiz Hilal, is focused on the development and manufacturing of ceramics and the associated materials. The Cetek Process allows us to produce and distribute quality ceramic materials at a lower unit production cost. While the world of technology is constantly changing, we have watched the demand for our products grow exponentially.

Cetek has two wholly owned subsidiaries, Hybrid-Tek, Inc. and Belanger Ceramic Grinding, Inc.

About Belanger Ceramic Grinding, Inc.

Having become a wholly owned subsidiary of Cetek Technologies, Inc. last August, Belanger Ceramic was founded in 1962 by Mr. Don Belanger, and specializes in precision polishing and grinding for a wide range of prototype, experimental and full production ceramic product. Over the years, Belanger Ceramic has earned a reputation in superior precision machining of various structural ceramic and composite components, both for private industry and in the public sector, and has won many awards for developing unique systems and procedures.

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NOTICE: This release contains forward-looking statements that involve risks and uncertainties, such as statements about our plans, objectives, expectations, assumptions or future events. These statements involve estimates, assumptions, known and unknown risks, uncertainties and performances, or achievements expressed or implied by the forward-looking statement.

Contact Information

  • Cetek Technologies, Inc.
    Fayiz Hilal