Core Wafer Systems (CWS) builds software and hardware that can perform testing on most commonly used hard drives of today, memory, and other advanced magnetic and nanotechnology based devices.
CWS is the only partner of the largest high--volume testing company (Agilent) and has technology that far surpasses the capabilities of its competitor. Sharing a 38 billion dollar market, the CWS competitor has been on a steady decline not being able to successfully upgrade its systems to conform with the advances in the technological world.
CWS other business unit makes technology that helps perform high volume testing on semiconductors and very small components "nanotechnology". This is the business unit that is the sole supplier of technology to HP/Agilent test equipment. You can see the various uses of nanotechnology here: http://www.nanotech--now.com/current--uses.htm. However in the simplest terms of the importance of the CWS Intellectual Property for nanotechnology use, Northrop Grumman, a designer, systems integrator and manufacturer of military aircraft, defense electronics, precision weapons, commercial and military aero structures has taken an interest in CWS for its work with nanotechnology.
CWS has a Recognized, unique industry solution with patent pending intellectual property valued in excess of $50M that brings future--proofing to the reliability marketplace.
CWS has built its software and hardware based on the ability to perform upgrades "in--place" on the units already purchased by customers. This means that as soon as CWS delivers a new feature to test bleeding--edge technology, customers must simply apply an upgrade or exchange a component to be future--proofed. An example of this would be a large chain electronics retailer purchases Western Digital hard drives that may sit on the shelf for a period of 5mo that people then fear are "out of date." CWS saves these companies millions of dollars a year by allowing these goods to be fully upgradable due to a potential decline in sales within the electronics industry.
CWS only competitor Integral Solutions International has lagged behind in the market and is dropping 30% market share annually due to outdated technology and lack of ability to scale to meet new customer demands. As an example of the importance of CWS conforming with the times, using the products of "ISI" compared to that of CWS would be like using "MS--DOS" for computers compared to LINUX or WINDOWS.
Gary Polistena - CEO - Gary Polistena has served as Chief Executive Officer since November, 2010. Mr. Polistena was initially trained as a specialist in microwave technology in the United States Marine Corps, where he received an honorable discharge. He remained within the telecommunications industry where he served as a Project design Engineer and Project Manager for various national wireless carriers, where he oversaw several large scale projects and network launches, one of which remains on the books as the largest single market build--out in wireless history.
Teresa McWilliams - CFO - Teresa McWilliams has served as Chief Financial Officer since June 2011. Ms. McWilliams spent her early career at Merrill Lynch, a small CPA firm, and a broker/dealer where she moved into the role as corporate controller. In 1998, she started her own consulting practice and has since been providing private and public companies with services that include general accounting, business tax & financial statement preparation and issuance of audited filings to the market. Teresa serves as associate pastor and often spends her spare time performing community outreach within her church family.
Board of Directors
Chairman - Lt. General Thomas P. Stafford USAF (Ret.) NASA Astronaut (Former) - Action Products joins a long list of admired companies and organizations whose board General Stafford currently holds or has held a seat with, including Seagate Technologies, the largest independent disk drive maker in the world; Fisher Scientific, a life science research and laboratory testing firm; and a number of aeronautic engineering and research firms, including the famed NASA Advisory Council Task Force on Shuttle-Mir Rendezvous and Docking Mission. The General previously sat on the Board of 14 corporations listed on the New York Stock Exchange, and one listed on the American Stock Exchange. Presently he is on the Board of two New York Stock Exchange companies. During his NASA career, General Stafford served as Co-Chairman of the Stafford-Covey Space Shuttle Return to Flight Task Group, an independent committee tasked with making assessments of NASA's space flight safety measures.
Aziz Ahmad - Mr. Ahmad is currently the CEO of UTC Associates, as well as the CEO and co--founder of Vonair. Mr. Ahmad is a board member of Grameen Solutions, Grameen IT Park in Bangladesh. Mr. Ahmad was the recipient of First Asian Distinguished Alumni award of City University of New York. Previously, Aziz was the lead architect of AT&T's VoIP networks.
Martin Jensen - Mr. Jensen is currently the owner of a private equity firm. He also acts as a board member at the Danish American Chamber of Commerce and holds a senior--level position within a large telecommunications company.
Greg Miller - Mr. Miller is currently the Sales and Business Manager for Core Wafer Systems, a leader in semiconductor and disc drive manufacturing solutions. Greg was previously a Service and Consulting Manager with Agilent Technologies where he was responsible for technical evaluations, pre--sales, and leading project management for complex projects. He also was a Senior Level Engineer within the Marketing, Research & Development, and Corporate IT departments within Hewlec Packard.
Yonghun Kim - Mr. Kim serves as CEO of Power Profit Investment, Ltd. and President of Asia of Newdea, Inc. Mr. Kim is an advisor at BB&R and also to Moroccan American Trade and Investment Corporation. He serves as a partner at Planet Blue E & P, Inc., and has held a number of other consultant and advisory positions throughout his career along with promoting Korean-US relations during the past decade. He is a board member of Newdea, EDC, RediFone and TIP Solutions, Inc. He is a graduate of West Point and served in the US Army. He studied classics at the University of Texas in Austin
Revenue Projections from an original document:
NEW YORK, Jan. 6, 2012 /PRNewswire/ -- Action Products International, Inc. (OTC Pink: APII) and Core Wafer Systems, Inc. are announcing it has received almost $4M in 2012 contracts for PDQ-WARp and PDQ-WLR product lines within its semiconductor business unit.
In 2009, Core Wafer Systems, Inc. and SEMATECH announced that they had partnered to develop Deep Submicron Reliability Test Solutions for next-generation semiconductor technologies. In the 24 months since this original announcement, CWS has been deeply involved with the Front End Processes (FEP) program and has completed development of WARp, an Expert System, which is a tool set to perform submicron reliability tests. This Expert System assists engineers in the evaluation of manufacturing processes and the devices being manufactured, while revolutionizing the way in which this evaluation is performed and analyzed.
PDQ-WARp is scheduled to be shown to the marketplace at the International Conference on Microelectronic Test Structures (ICMTS) on March 19-22, 2012 and at International Reliability Physics Symposium (IRPS) April 15-19, 2012. PDQ-WARp will start shipping in June 22, 2012.
CWS is also nearing release of new versions within the deep nanometer component of their most successful reliability library PDQ-WLR, for High-Volume Manufacturing Agilent Test Systems 4062UX, 4070 and 4080 systems. This major release, PDQ-WLR 8.0 is the most advanced version for accounting the deep nanometer effects since its previous release of PDQ-WLR 3.02. In addition, the new versions have added operating system support for LINUX and UNIX.
"All existing engineering and manufacturing customers that utilize deep submicron technologies will find that the advanced PDQ-WARp Expert System and the release of PDQ-WLR 8.0 are a huge leap forward from any available reliability products for Engineering and Manufacturing," states Gary Polistena, CEO of Action Products International, "TSMC, UMC, Texas Instruments, DMEA, and Applied Materials are just a subset of our customer base that we feel will benefit as we address their concerns around existing capabilities to measure reliability at the deep submicron level.
The semiconductor business unit has received orders near $4 million dollars from customers who wish to move forward with these advanced solutions, and we expect that as 2012 progresses there will be additional new orders and upgrades from the current customer base and from new customers. We will soon be releasing additional announcements pertaining to our progress in the magnetics business unit and our progress in rebranding the company with Core Wafer Systems as the focal point. Actions to be taken in re-branding APII will include a new company name, logo, and increasing executive leadership announcements."
""Core Wafer Systems (APII) Releases New Software, Has $3 Million in Upgrade Commitments for 2012""
Action Products International, Inc. (PINKSHEETS: APII) announced yesterday that they released version 7.0 of PDQ-WLR, the on-wafer accelerated reliability product designed specifically for Agilent Technologies Parametric Testers (NYSE: A). Some of the many other users of the Company's PDQ-WLR are Texas Instruments (NYSE: TXN) and Taiwan Semiconductor Manufacturing (NYSE: TSM)......
""The Company has over 800 active licenses and has received over $3 million in orders for 2012, and that number is expected to climb 300% into 2013. Action Products expects Core Wafer to generate more than $14 million during 2012 (pro forma). The company attributes the extraordinary growth to several advantageous factors, including major upgrades like version 7.0, being rolled out to new and existing customers. Core Wafer has developed strategies in response to demands relating to advances in semiconductors, nanotechnology, and magnetics industries.""
According to Gartner Research, the top electronic equipment manufacturers accounted for at least 35 percent of semiconductor vendor revenue worldwide, or $105.6 billion -- an increase of $1.8 billion, or 1.8 percent from 2010. With an increase in semiconductor sales, an increase in the need for testing and reliability could follow.....Unreal Numbers!!!