Peak International Delivering Eco-Friendly Trays, Reels and Services to Semiconductor Companies

    HONG KONG, July 3 /PRNewswire-FirstCall/ -- Peak International Limited
 ( PEAK), a market leader in plastics design, engineering, production
 and supply chain solutions, today announced that it has completed the first
 phase of its push to lead the semiconductor packaging industry in
 eco-friendly plastics. Over the last few weeks the company has announced
 breakthrough UltraLite(TM) plastic trays and reels specifically engineered
 to reduce the need for increased levels of plastic disposal and its
 recycling division, SemiCycle(TM), announced it has recycled over 100
 million plastic trays since its inception. The company also announced that
 SemiCycle would significantly increase its activity in assisting all
 semiconductor companies in their plastics recycling efforts.
     "Both SemiCycle and UltraLite represent what has been an intentional
 move in a direction that matters to our customers and the people who
 purchase their products. Peak's R&D group has engineered plastics with
 characteristics that can affect fuel consumption by reducing weight in
 transit. And we continue to deliver services that help our customers keep
 plastic waste from entering our environment," said Dean Personne, Peak's
 president and chief executive officer. "Peak will continue to drive
 leadership in this area and do so while meeting the total cost of ownership
 requirements for our most demanding customers."
     Almost all of the major semiconductor companies have stated
 eco-friendly or "green" policies. Samsung, for example, has an Eco-Product
 program with halogen-free, RoHS-compliant products that include lead-free
 balls, bumps and finishes as well as green procurement policies governing
 RoHS compliant materials and components. Both Intel and AMD also have green
 policies centered on product ecology, recycling, and global climate change.
     "Peak is a leader in this area for all semiconductor packaging
 companies," said Jon Ewanich, president of Silicon-Ops. "They are
 intentionally engineering lighter-weight, lower-cost plastics with
 increased strength that can reduce churn rates in plastic usage and
 disposal. And their SemiCycle division further reduces the risk to the
 environment by collecting and recycling used plastics."
     With offices in Hong Kong, manufacturing facilities in Shenzhen (PRC),
 and distribution centers worldwide, Peak offers products used by some of
 the world's largest companies for high-speed, automated manufacturing
 processes that require dimensional stability and precision tolerances. Peak
 has a wide array of standard packaging products, large manufacturing
 capacity, tooling and design expertise, and a worldwide footprint to
 support even the toughest JIT requirements.
     About UltraLite
     A unique combination of tooling, process technology and materials,
 UltraLite was built to improve on existing packaging designs. UltraLite is
 delivered with lower weight, increased strength and lower overall product
 costs. The reduced weight can translate into reduced air and ground
 shipping costs throughout the supply chain. This new process also reduces
 material waste and recycling volumes. The designs are optimized to industry
 recognized JEDEC standards, thus allowing the use of a single tray design
 for each package type. And its increased strength ensures a longer tray
 life and decreased plastic disposal volumes.
     About SemiCycle
     SemiCycle is the leader in semiconductor industry recycling. The
 company collects most types of hard plastic semiconductor trays and
 processes them in Shenzhen, the PRC. Founded in 1992, the company has
 processed over 100 million trays and saved over 15,000 tons of plastic
 material from entering the environment.
     About Peak International Limited
     Peak International Limited is a leading supplier of
 precision-engineered packaging products for storage, transportation and
 automated handling of semiconductor devices and other electronic components
 as well as precision medical products. Peak also operates warehouses
 throughout the world and offers JIT services to leading semiconductor
 manufacturers and assemblers.
     Cautionary Note Regarding Forward-Looking Statements
     This press release contains forward-looking statements within the
 meaning of the "safe harbor" provision of the Private Securities Litigation
 Reform Act of 1995, including, without limitation, statements related to
 the Company's ability to lead the semiconductor packaging industry in their
 eco-friendly initiatives and to significantly: 1) increase the collection
 of used trays and reels, 2) minimize the disposal of plastics into the
 environment, and 3) produce, sell and deliver reduced weight plastics
 products that result in savings in the total cost of ownership by our
 customers including shipping costs. These and other forward-looking
 statements are not guarantees of future results and are subject to known
 and unknown risks, uncertainties and other factors that may cause actual
 results, performance or achievements of the Company to be materially
 different from any future results, performance or achievements expressed or
 implied by the forward-looking statements. Such factors include but are not
 limited to: price of raw materials, factors relating to conditions in
 semiconductor, disk drive and electronic industries, the amounts the
 Company may have to pay for workers at the PRC factory operated by a third
 party, difficulties related to working in the PRC, including regional
 government and processing partner relations, the market acceptance of its
 products, the introduction of new products by the Company's competitors,
 any future economic downturn, and other matters that could cause actual
 results to differ materially from the projections made herein. Additional
 risks are detailed in the Company's filings with the Securities and
 Exchange Commission, including the Company's Quarterly Reports on Form 10-Q
 and Annual Report on Form 10-K filed on June 29, 2007. Statements included
 in this press release are based on information known to the Company as of
 the date of this release, and the Company assumes no obligation to update
 or revise any forward-looking statements or to update the reasons why
 actual results could differ from those projected in any forward-looking
 statement in this release.
     Contacts:
     John Supan                               Lytham Partners, LLC
     Chief Financial Officer                  Joe Diaz
     Peak International Limited, Hong Kong    Joe Dorame
     +852-3193-6000                           Robert Blum
                                              (602) 889-9700
 
 

SOURCE Peak International Limited