CLINTON TOWNSHIP, Mich., June 5, 2008 (PRIME NEWSWIRE) -- AmeriChip International Inc. (OTCBB:ACII) is applying LACC technology to the production of truck axle components for a North American-based automaker.
COST SAVINGS UP TO 50%
"AmeriChip's patented, proprietary Laser Assisted Chip Control (LACC) technology -- when applied to the production of truck axle components -- provides a cost reduction of up to 50%," said Kenneth W. Mann, Interim CEO.
PROTOTYPE
The first parts have passed quality inspection and have been shipped to OEM parts manufacturers in Michigan for immediate installation.
IMPLEMENTATION
The successful completion of the prototype production cycle could lead to a full fledged production contract of 15,000 pairs of truck axle components per year for this new 2009 truck, with production beginning in the third quarter of the calendar year 2008.
AmeriChip is currently in advanced discussions and negotiations with a number of other blue chip clients for LACC technology implementation across a number products.
About AmeriChip International
http://www.americhiplacc.com/sections/
Headquartered in Clinton Township, MI, AmeriChip International Inc. holds a patented technology known as Laser Assisted Chip Control, which can be used to re-engineer the manufacturing process for industrial metal machining applications.
For more information, visit our website at www.americhiplacc.com or contact investor relations, Cynthia Prince, americhip@att.net, 800-650-1708 ext. 101, Fax: 888-234-1796
This release may include projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurances that such expectations will prove to have been correct. Actual results could differ materially from the expectations disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release.