NexTech Solutions, Inc. (Pink Sheets: NXSL) and FAS Holdings Group, LLC, jointly doing business as “NexTechFAS”, are pleased to announce that the company has signed an exclusive sales and marketing representation agreement with the John P. Kummer Group (“Kummer”), a specialized equipment marketing representative in Europe for semiconductor and other industries. Kummer, with offices in Germany, the UK, and France will actively promote and market NexTechFAS technology and products throughout the European Union, creating a strategic opportunity for the company within the European-dominated photovoltaic (solar) market as well as OLED, flexible display and semiconductor applications.
With over 30 years in business, Kummer has marketed and distributed semiconductor equipment and tools to the European Microelectronics Community for many large industry leaders such as Orbot Instruments, Jordan Valley, Lasertec, KLA-Tencor and many others. Through this agreement, Kummer will extend NexTechFAS’s technologically advanced extrusion coating and automated optical inspection solutions to the fast emerging photovoltaic, flexible electronics and OLED markets in Europe.
“We believe NexTechFAS’s technology could have a significant impact in reducing the current cost of developing solar panels and potentially play a role in improving the overall economics of producing photovoltaic energy. Given that last year the European Union accounted for more than three-quarters of the world’s total photovoltaic market, Kummer’s representation is key to our company’s marketing strategy for this industry,” stated Miguel Friedrich, vice president of marketing for NexTechFAS.
Europe is a very significant market to NexTechFAS because of its current leading production volume in the photovoltaic market. Industry analysts expect the solar market to grow to over $30 billion by 2012, according to BCC Research. Kummer is expected to play a significant role in NexTechFAS’s growth in this heavily European-based market. Kummer will also be key to post-sale customer support and servicing of NexTechFAS equipment in Europe.
About the John P. Kummer Group
With sales offices in France, Germany and the United Kingdom, the John P. Kummer Group (jpkummer.com) is one of the most well known distributors in Europe. A small team of very experienced administrators handles all sales and marketing activities. The JPK group invests heavily in business systems and technology to maintain the highest level of reliability in record keeping and communications.
About NFJV, LLC
NFJV, LLC, doing business as “NexTechFAS” (nextechfas.com) is the operating company of NexTech Solutions, Inc. (Stock Symbol: NXSL) and FAS Technologies, LLC, a result of a pending merger transaction between the two companies. NexTech Solutions currently owns approximately 52 percent of NexTechFAS and will own 100 percent upon completion of the final step of the merger transaction. NexTechFAS is a Delaware limited liability company with facilities in Austin and Dallas, Texas. The company is widely recognized in the industry for the development of digital fluid dispensing and a patented extrusion coating (spinless coating) technology known as "FAS-Coat," which has become the de-facto standard in the coating processes used in the manufacture of flat panel displays (FPDs). The company also delivers advanced metrology and automation solutions, and is the first to deliver a turn-key solution for manufacturing lines in the FPD, photovoltaic and semiconductor industries. NexTechFAS’s stock is quoted on the Pink Sheets under the symbol NXSL.
This release may include forward-looking statements that involve risks and uncertainties. Any forward-looking statements and all other statements that may be made in this news release that are not historical facts are subject to a number of risks and uncertainties, and actual results may differ materially. Specific risks include delays in new product development, product performance and quality issues and the acceptance of our current and new products by the FPD and semiconductor markets.