Toronto, Canada--April 24, 1997--Derlan Industries Ltd. announced that its subsidiary, Derlan Inc. (Santa Ana, CA) has been awarded a three-year contract from Materials Research Corp. (MRC), a wholly owned subsidiary of Sony Corp. of America, to exclusively produce thin film coating equipment for the semiconductor industry. The three-year contract is estimated to be valued in the range of $150 million.
Under the terms of the contract, Derlan Inc. will manufacture the MRC Eclipse, Solarus, and Star sputtering systems. These systems are industry leaders in thin film coating technology and are sold to a customer base that includes Intel, Motorola, and Samsung.
In connection with this development, Derlan Inc. will establish a small East Coast facility based in Congers, NY to provide final assembly and test applications to MRC and other semiconductor equipment customers. This contract is a significant award consistent with the company's strategy of providing a "tier 2" full system equipment manufacturing capability to the semiconductor market.
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