DDi Corp. (ticker: DDIC, exchange: NASDAQ Global Market (.O))
News Release -
DDi Corp. to Sponsor Virginia Universities' PCB Design and Manufacturing Research and Development ProjectANAHEIM, Calif., Dec 17, 2001 /PRNewswire via COMTEX/ --
- Joint Sponsorships Will Fund Establishment of Center for Advanced PCB Design and Manufacturing Technology - Center to Function as Both DDi Commercial Design and Engineering Operation and University Research and Education Facility - Project Awarded $1.4 Million in Funding From State of Virginia DDi Corp. (Nasdaq:
DDIC), a leading provider of time-critical, technologically advanced
interconnect services for the electronics industry, today announced that it will
participate in collaborative sponsorship of a printed circuit board technology
project benefiting the high technology and electronics engineering academia of
two leading Virginia universities. DDi will oversee the operations of the Center
for Advanced Printed Circuit Board Design and Manufacturing Technology. The
Center will be funded and supported in collaboration with Virginia Commonwealth
University and the University of Virginia and the other industry sponsors,
DuPont, Panasonic and Zuken.
"Our participation in this important endeavor exemplifies DDi's leadership in
the design and manufacture of complex, technologically advanced printed circuit
boards," said Bruce McMaster, Chief Executive Officer of DDi Corp. "We believe
this project is an significant development for the electronics manufacturing
services industry as a whole in promoting the focus on PCB manufacture as an
important academic course of study within technology and electronics."
Brian McDermott, Director of Technology for DDi Corp. commented, "This is a
mutually beneficial project for high-technology education in the State of
Virginia, as well as for DDi's commercial operations on the East Coast.
State-matched funds will offset the start-up costs for this new design and
engineering center, which will operate as a DDi business unit, initiating work
for our existing Virginia PCB manufacturing operations, while supporting
activities on behalf of the other sponsors. At the same time, the facility will
serve as a student research and activity center, offering university scientists
and graduate students the opportunity to work with our expert designers and
engineers to experience the most advanced technologies and processes related to
high speed and high density interconnect design."
The State of Virginia, through Governor Jim Gilmore's Commonwealth Technology
Research Fund, has agreed to match the funds contributed for the Center's
operational expenses including set up costs, staffing and equipment. Grants
through the Fund are presented to research projects that seek to increase the
capacity for research in areas key to economic development and that are aimed at
attracting high-tech industrial development in the State of Virginia.
Additionally, the project was recently awarded a grant totaling $1.4 million
over three years from the State of Virginia for initial start-up and
The Richmond, Virginia-based Center for Advanced Printed Circuit Board Design
and Manufacturing Technology is expected to commence operations during the first
quarter of 2002. The Center will function as an academic center for graduate
students and researchers from Virginia Commonwealth University and the
University of Virginia.
About DDi Corp.
DDi is a leading provider of time-critical, technologically advanced design,
development and manufacturing services. Headquartered in Anaheim, California,
with design and manufacturing facilities across North America and in England,
DDi and its subsidiaries service over 2,000 customers worldwide. DDi Corp.
common stock trades on the Nasdaq National Market.
This press release may contain information about future expectations, plans and
prospects that may constitute forward-looking statements for purposes of the
Safe Harbor provisions under the Private Securities Litigation Reform Act of
1995. Statements made by Messrs. McMaster and McDermott herein constitute such
forward-looking statements. Actual results or developments may differ materially
from those projected or implied in the forward-looking statements. More
information about the risks and challenges faced by DDi Corp. is contained in
the Securities and Exchange Commission filings made by DDi and its subsidiaries.
DDi Corp. specifically disclaims any obligation to update or revise any
forward-looking statements whether as a result of new information, future
developments or otherwise.
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for DDi Corp.
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