Core Wafer Systems Adding Millions More in Contracts with Upgrade to PDQ-WLR Product Line

Core Wafer Systems, Inc., a subsidiary of Action Products International, continues to deliver innovative improvements to its product lines, gaining semiconductor and magnetics customers and growing revenue streams month after month

Jan 24, 2012, 08:45 ET from Action Products International, Inc.

NEW YORK, Jan 24, 2012 /PRNewswire/ -- Action Products International, Inc. (OTC Pink: APII) subsidiary Core Wafer Systems, Inc. (CWS) is adding millions more in contracts with an upgrade to its PDQ-WLR product line.

CWS is pleased to offer version 7.0 of PDQ-WLR, the on-wafer accelerated reliability product designed specifically for Agilent Technologies Parametric Testers.  Unlike the previously announced version 8 release which works in conjunction with PDQ-WARp, version 7.0 is a completely standalone software release that offers expanded measurement and reporting capabilities that addresses sophisticated needs for customers who require deep nanometer technology test suites.

The PDQ-WLR product is recognized as an industrial standard solution for reliability-lifetime and is a plug-in for the Agilent Technologies' High Volume Manufacturing Testers (40XX) product line running in either HP-UX or LINUX operating systems. The new release PDQ-WLR 7.0 can be purchased as a drop-in, or a separate product, backwards-compatible upgrade for earlier versions of PDQ-WLR running in HP-UX, or those running under CWS' ASUR SDR.

PDQ-WLR 7.0 provides 50% more measurements than previous versions and addresses issues for deep nanometer technologies such as NBTI or intelligent mobile ion. The new routines utilize the advanced features of the Agilent testers and instruments such as the arbitrary waveform generator and parallel stress and measurements for a number of tests.

"We have over 800 active licenses of PDQ-WLR, and the number one customer need has been to address these issues," states Greg Miller, Board of Directors Action Products and Marketing Director of Core Wafer Systems, Inc. "TSMC, Winbond, Texas Instruments and Hewlett Packard, along with our many other customers have recognized the value PDQ brings to their testing, and the release of 7.0 continues our commitment to be the industry leader.  We have received commitments exceeding $3 million in revenue from upgrades in 2012.  We expect the adoption to grow and believe we will achieve more than double our current orders. We are further expecting these numbers to increase by over 300% into 2013 as our customer base expands, and as more of our existing customers purchase the upgrade.  As 2012 progresses, we believe our other two revenue channels will grow just as quickly as we have seen PDQ-WLR grow. As for PDQ-WLR, customers can begin scheduling their upgrades through our services sales channels and our sales managers starting in April."

About Action Products International, Inc.

Action Products International, Inc. (OTC Pink: APII.PK) is the parent company of Core Wafer Systems, Inc., a technology leader with a propriety parallel measurement schema for evaluation of physical phenomena in  semiconductor devices and processes. Their software and hardware is used in the testing and data mining of today's most commonly used hard drives, memory, magnetics, and other advanced semiconductor and nanotechnology-based device components. More information about Core Wafer Systems, the WARp product offering, and its other products is available at http://www.corewafer.com or http://www.actionproductsinternational.com.

Please refer all inquiries to info.apii@yahoo.com

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This press release contains forward-looking statements. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as its future results of operations and financial condition. Such risks include, but are not limited to, the effects of competition with existing enterprises and/or new entrants into the company's markets and industries, fluctuations in currency exchange rates, domestic and global economic conditions generally, the company's ability to obtain financing and attract suitable personnel where required to fully implement its business plan, the adoption and acceptance by the marketplace of the company's technologies and product and service offerings, the possibility of new technologies that are competitive with the company's planned product and service offerings and the effects of future political and economic developments both in the United States and abroad, among others. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of information, future events or otherwise.

SOURCE Action Products International, Inc.



RELATED LINKS

http://www.actionproductsinternational.com


http://www.corewafer.com