WILMINGTON, Del., March 17 /PRNewswire-FirstCall/ -- PSI-TEC Corporation, a wholly owned subsidiary of PSI-TEC Holdings, Inc. (Pink Sheets: PTHO), a nanotechnology firm, announced today the completion of the penultimate step in the fabrication process of a revolutionary new nanomaterial. Mr. Frederick Goetz, President and CEO of PSI-TEC Corporation, explains PSI-TEC laboratory's recent breakthrough consists of the fabrication of an electro-optic material constructed atom-by-atom at the molecular level. These patented materials are expected by PSI-TEC scientists to have broad application in civilian and military telecommunication and advanced computational systems. Mr. Goetz continued: "Another major potential application for the nanomaterials that we develop is something called 'optical interconnect technology,' an area of intense interest by many major players in the high-tech arena. "Optical interconnects will quite literally provide computers with the ability to operate at light-speed." Optical interconnects are the core component in the construction of "optical computers," i.e. computers which integrate the conduction of light (as opposed to electricity) at various stages for extremely high-speed computation. The development of breakthrough electro-optic nanomaterials such as those being developed by PSI-TEC has long been a major obstacle in the creation of optical interconnects. Optical interconnects, not long ago considered futuristic, are currently the object of aggressive investigation by Intel, IBM, Agilent Technologies and the U.S. Government. The nanomaterials under development by the PSI-TEC Corporation consist of many billions of individual electron oscillators (called chromophores), each less than three nanometers (or three billionths of a meter) in length. These tiny oscillators operate at a quantum mechanical level to facilitate the transformation of electricity into light at extremely high speeds. PSI-TEC's recent breakthrough consists of final fabrication of these miniscule oscillators in their "ionic" or "salt" form. The ultimate step in the fabrication process consists of the liberation of these electron oscillators from their ionic state which is expected in the very near future. "This is an extremely exciting moment for us," said Mr. Goetz. "This achievement is the result of many years of molecular engineering and material design. I can see quite clearly now that our patented nanotechnologies will dictate how electro-optic plastics are made from now on -- and that electro-optic plastics are the future of all broadband telecommunication. "Our breakthrough technology is exactly what the industry has been waiting for." About PSI-TEC PSI-TEC Corporation is a developmental stage company that engineers next-generation electro-optic (EO) plastics for future applications vital to modern commerce, homeland security, and medical technology. PSI-TEC's proprietary electro-optic plastics are produced at the molecular level for superior performance, stability and cost-efficiency and are expected to replace more expensive, lower-performance materials used in fiber-optic ground, wireless and satellite communication networks. Other companies developing similar technologies include LUMERA CORPORATION. Safe Harbor Statement The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. For additional information contact: Mike Queen (302) 998-8824.
SOURCE PSI-TEC Corporation