SOURCE: SCI Engineered Materials, Inc.

SCI Engineered Materials, Inc.

January 27, 2011 16:05 ET

SCI Engineered Materials, Inc. Expects to Mitigate Impact From Customer Notification

COLUMBUS, OH--(Marketwire - January 27, 2011) - SCI Engineered Materials, Inc. ("SCI" or "Company") (OTCBB: SCIA), develops and commercializes technologies and manufactures ceramics and metals for advanced applications in the physical vapor deposition industry. SCI announced today it has been notified by one of its large customers that their orders for 2011 will be reduced due to a manufacturing plant closing. 

The Company's 2011 plans include increased sales of solar products, especially its innovative transparent conductive oxide systems for the solar industry. The anticipated sales growth is based on revenue from new customers, current product trials being converted into production orders, and increased bookings from core customers in other markets. SCI expects that sales to these customers will offset the revenue effect of this notification. 

SCI Engineered Materials, Inc. manufactures ceramics and metals for advanced applications such as photonics, thin film solar, thin film batteries, and semiconductors. SCI Engineered Materials is a global materials supplier with clients in more than 40 countries. Additional information is available at http://www.sciengineeredmaterials.com.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created thereby. Those statements include, but are not limited to, all statements regarding intent, beliefs, expectations, projections, forecasts, and plans of the Company and its management, and specifically include statements concerning the Company's 2011 plans which include increased sales of solar products, especially its innovative transparent conductive oxide systems for the solar industry based on revenue from new customers, current product trials being converted into production orders, and increased bookings from core customers in other markets, and sales to these customers will offset the revenue effect of the customer notification. These forward-looking statements involve numerous risks and uncertainties, including, without limitation, other risks and uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings, including the Company's Annual Report on Form 10-K for the year ended December 31, 2009. One or more of these factors have affected, and could in the future affect, the Company's projections. Therefore, there can be no assurances that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company, or any other persons, that the objectives and plans of the company will be achieved. All forward-looking statements made in this press release are based on information presently available to the management of the Company. The Company assumes no obligation to update any forward-looking statements.

Contact Information

  • For Additional Information Contact:
    Robert Lentz
    (614) 876-2000