Galtech Announces Semiconductor Materials and Motor/Generator Progress
PROVO, Utah, July 12 /PRNewswire/ -- Galtech Semiconductor Materials Corp. (OTC Bulletin Board: GTSM). It was announced today by Galtech's president, Dr. William F. Pratt, that technology and product development progress is being made on a number of projects. Dr. Pratt announced the installation of a new automotive electrical charging system on the Porsche 914 test vehicle, baseline configuration. Installation of this upgraded equipment was necessary to improve the efficiency and data collection for the electric car. Dr Pratt stated that funds are not yet available for development of Galtech's patented electrical motor technology, so the current emphasis is on data collection of the vehicle's performance over an extended period of time and through various seasonal conditions. In other developments, Galtech's compound semiconductor materials growth program continues with encouraging progress. The first ampule grown with the new process was completed early in May of this year and has been sent to an independent outside testing laboratory to be sliced and analyzed to determine its quality and functional properties. Test results have not yet been received, but visual inspection of the ampule was encouraging enough to warrant earlier (than planned) evaluation. Additional process improvements have been and will continue to be made to Galtech's crystal growth equipment and processes due to lessons learned on the latest ampule. Dr. Pratt stated that the latest improvements have increased the efficiency and stability of the equipment and performed very well in validation tests that were completed over the holidays. He stated that additional crystal growth trials are to be started immediately but cautioned that "growth of these crystals is a long and arduous process that involves in-process testing and evaluation, validation of data and mathematical models, and adjustment of growth parameters. It's a long process and a very unforgiving one. We are probably more cautious than we'd like to be, but it has been paying off," Pratt stated. Dr. Pratt commented that: "as a management team we continue to be encouraged by our progress in the manufacture of cadmium telluride and our opportunities to commercialize our crystal growing process. We are optimistic about what we have seen to date; the facility and equipment have performed well, and in accordance with our earlier expectations and analysis." Galtech is an innovative research and development company with its beginnings in the development and manufacture of high quality, specialty, compound semiconductor materials. Galtech was reorganized in 1998 to manufacture compound semiconductor materials and is based in cadmium telluride (CdTe) process and product development. Crystalline material made from this compound is capable of converting solar or other sources of radiant energy to electrical current. Such materials are widely used in solar-cell arrays, lasers, infrared detectors and other devices. This press release includes forward-looking statements that involve risks and uncertainties. It is not a solicitation to purchase or sell securities of Galtech Semiconductor Materials Corporation. Readers should consult with their own independent tax, business or financial advisors with respect to any investment in this company. For investor relations please contact William R. Tunnell at (623-825-2550) or consult our web site at www.galtech-corp.com.
SOURCE Galtech Semiconductor Materials Corp.
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