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APII News Action Products International (APII) Acquires Company in $35 Billion Market

2012-01-05 10:18 ET - News Release


NEW YORK, NY -- (MARKET WIRE) -- 01/05/12


Action Products International, Inc. (PINKSHEETS: APII) announced yesterday that they have acquired Core Wafer Systems, who offers proprietary solutions for testing and data mining of hard drives, memory, magnetics and other advanced semiconductor and nanotechnology devices. Core Wafer boasts clients such as Western Digital (WDC), Seagate Technology (STX), and Intel (INTC).

In a Seeking Alpha article outlining semiconductor testing, it states: "Semiconductor test equipment and services are a critical part of this complex design and manufacturing process and are utilized in each of the key design and manufacturing stages." With semiconductor testing and measurements expected to hit almost $40 billion, Core Wafer has positioned itself as an integrated partner with the world's largest measurement company, Agilent Technologies; this position should help them take full advantage of the growing industry.

Core Wafer Systems revenue is expected to exceed $140 million over the next 4 years due to increased demands from Asia and the need for newer, faster testing equipment from their clients.