Peak International Enters Wafer Shipper Market

    HONG KONG, Nov. 6 /PRNewswire-FirstCall/ -- Peak International Limited
 ( PEAK), a market leader in plastics design, engineering, production
 and supply chain solutions, today announced it has delivered its first
 UltraCare(TM) wafer carrier product, the 300 mm wafer shipper. The company
 expects several more wafer shipper products will be introduced throughout
 2008 under the UltraCare(TM) brand.
     "The delivery of this order represents an important step in our
 strategic plan to more broadly diversify our product offerings, as well as
 the number of industries that we serve," said Dean Personne, Peak's
 president and chief executive officer. "We believe our entry into the wafer
 shipper market holds great promise for future growth, and each of our
 industry product groups continue to make great strides as we build a
 reputation as the preferred choice in precision engineered plastics. We're
 receiving positive feedback from the market, and we're excited that these
 efforts are now coming to fruition."
     Peak International contracted with Global Precision, Inc. nearly a year
 ago to design, market, and sell products specifically engineered for the
 wafer fab market. The 300 mm wafer shipper is now available for volume
 distribution with several other products nearing design and development
 completion. To prepare for these volume shipments, Peak recently completed
 its second cleanroom manufacturing facility to meet the requirements of
 producing disk drive, wafer processing and medical engineered plastics. The
 company has started on a third cleanroom manufacturing area conversion to
 meet expected future demand.
     Peak's entry into the wafer shipper market and its investment in
 building industry leading cleanroom operations are the result of the
 company's commitment to broadly diversify its products and customer base.
 Interest from the semiconductor industry continues to build upon the recent
 introduction of UltraLite(TM) designs. Members of the disk drive
 organization are solidifying existing relationships and showcasing the
 company's leading cleanroom operations. Peak's new medical industry
 initiative is receiving early interest from leading medical product
 companies and companies from the automotive, energy and consumer
 electronics industries have also been showing increased interest for Peak's
 precision engineered plastic solutions. Peak recently attained ISO/TS 16949
 certification required for shipments into the automotive industry.
     With offices in Hong Kong, manufacturing facilities in Shenzhen, the
 PRC, and distribution centers worldwide, Peak offers products and
 manufacturing capabilities already used by some of the world's largest
 companies for high- speed, automated manufacturing processes that require
 dimensional stability and precision tolerances. Peak has substantial
 manufacturing capacity, tooling and design expertise and a worldwide
 footprint to support even the toughest JIT requirements. The company
 currently offers semiconductor, disk drive, wafer fab, consumer electronic,
 and medical products to some of the world's largest companies.
     About Peak International Limited
     Peak International Limited (http://www.peakinternational.com) is a
 leading supplier of precision-engineered packaging products for storage,
 transportation and automated handling of disk drive components,
 semiconductor devices, wafer fab products as well as precision medical
 products. There are approximately 1,400 people who work directly or
 indirectly for Peak worldwide and its headquarters are in Hong Kong with
 major manufacturing operations in Shenzhen, the PRC, which is operated
 pursuant to a processing partner agreement with an unaffiliated party. Peak
 operates warehouses throughout the world and offers JIT services to some of
 the world's largest disk drive and other companies.
     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: increase revenues through diversification into
 other industries, develop substantial new revenues from wafer products
 including products that have not yet been developed, maintain and enhance
 our reputation as a preferred vendor, and successfully market and generate
 revenues from UltraLite(TM) products. 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, wafer fab, electronics and other 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