MFIC at 2.50 + .21 on more new orders. Undervalued profitable nanotech with a market cap of only $25 million. New product line for MMR's for the production of nanomaterials at very high yields expected later in '05 or '06 which will sell for about $1 million per machine.
Microfluidics Receives Two Additional Orders for Its M-700 Series Production Systems with Newly-Introduced Constant Pressure Option
Microfluidics Ships Second of Five Orders for it M-700 Series Constant Pressure Production Systems
NEWTON, Mass.--(BUSINESS WIRE)--July 7, 2005--
MFIC Corporation (OTCBB: MFIC), the leading provider of high performance Microfluidizer(R) materials processing equipment, announced today that it has received two additional orders for its Constant Pressure M-700 series Microfluidizer(R) high shear fluid processor from a Japanese company. MFIC Corporation reported in its June 13, 2005 press release that additional orders from this Japanese customer were anticipated after performance testing was completed on a current order. However, the additional units reported today were ordered in advance of the customer's receipt of the first Constant Pressure equipped
Microfluidizer processor.
"This early response of five ordered M-700 series systems equipped with the Constant Pressure option is not only gratifying, but, we
believe, indicative of the potential demand that we will experience for such systems," stated Bob Bruno, MFIC's president and chief
operating officer.
"The orders and shipments of the M-700 series systems with the Constant Pressure Option reported today are proof positive of our
ability to listen to customers' needs and provide them with innovative solutions," stated Irwin Gruverman, MFIC's chief executive officer and chairman.
Mr. Gruverman added, "We anticipate realization of significant additional revenue enhancement in 2005 and beyond from bookings of
additional orders for the M-700 series systems with the Constant Pressure Option. The Constant Pressure Option is one of the products
of MFIC's reinvigorated R&D program that was accelerated in the second quarter of 2004, following our successful debt refinancing, equity offering and return to profitability. We will continue to innovate and to help make our customers more competitive and able to offer superior products," concluded Mr. Gruverman.
About the Constant Pressure Option
The Constant Pressure Option utilizes intelligent built-in pump position transducers that automatically adapt to changing requirements and easily maintain constant process pressure. This full digital control of the dual synchronous high pressure intensifier pumps ensures that the product flows at constant pressure and velocities through the interaction chambers. This control eliminates pressure spikes, provides extremely uniform processing, and permits the M-700 system to operate more quietly and efficiently.
The M-700 Constant Pressure Option is available for sale worldwide and is compliant with both domestic and foreign regulatory
requirements. M-700 Series Microfluidizer(R) processors offer a wide range of industrial capabilities, with pressures up to 40,000 psi and a variety of options including clean-in-place, steam-in-place, full processing isolation, and full automation.
About MFIC Corporation
MFIC Corporation, through its subsidiary Microfluidics, provides patented and proprietary high performance Microfluidizer(R) materials processing equipment to the biotechnology, pharmaceutical, chemical,
cosmetics/personal care and food industries.
Microfluidics applies its 20 years of high pressure processing experience to produce the most uniform and smallest liquid and
suspended solid structures available. The Company has provided manufacturing systems for nanoparticle products for more than 15
years. MFIC is a leader in advanced materials processing equipment for laboratory, pilot scale and manufacturing applications, offering
innovative technologies and comprehensive solutions for nanoparticles and other materials processing and production. More than 3,000 Microfluidics systems are in use around the world.
FORWARD-LOOKING STATEMENT. Management believes that this release contains forward-looking statements that are subject to certain risks
and uncertainties including statements relating to the Company's plan to attain and/or increase operating profitability and/or to achieve net profitability. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties that could cause actual results achieved by the Company to differ materially from those described in the forward-looking statements. The Company cautions investors that there can be no assurance that the
actual results or business conditions will not differ materially from those projected or suggested in such forward-looking statements as a result of various factors, including but not limited to the following risks and uncertainties: (i) whether the performance advantages of the Company's Microfluidizer(R) materials processing equipment or that a
commercial market for the equipment will continue to develop, (ii)whether the performance advantages of the Company's MMR nanoparticle production systems will be realized commercially, (iii) whether the
Company will be able to increase its market penetration and market share, (iv) whether the timing of orders will significantly affect
quarterly revenues and resulting net income results for particular quarters which may cause increased volatility in the Company's stock price, and (v) whether the Company will have access to sufficient working capital through continued and improving cash flow from sales, proceeds from its private placement equity offering, and ongoing borrowing availability, the latter being subject to the Company's ability to comply with the covenants and terms of its loan agreement with its senior lender.
KEYWORD: EUROPE NORTH AMERICA MASSACHUSETTS UNITED STATES
INDUSTRY KEYWORD: HEALTH BIOTECHNOLOGY MANUFACTURING CHEMICALS/PLASTICS RETAIL C
SMETICS FOOD/BEVERAGE
SOURCE: MFIC Corporation
CONTACT INFORMATION:
MFIC Investor Relations
Irwin Gruverman, CEO & Chairman
Bob Bruno, President & COO
Jack M. Swig
617-969-5452
info@mfic.com
www.mficcorp.com
or
LaVoie Group
Donna L. LaVoie, 781-596-0200 X103
info@lavoiegroup.com
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