EntreMetrix Corporation (OTCBB: ERMX)
IRVINE, CA–(MARKET WIRE)–Jun 26, 2006 — EntreMetrix, Inc. (OTC BB:ERMX.OB – News) today discussed its plans for the Company’s new venture, Advanced Nitride Devices, and the consumer applications for the Company’s semiconductor materials technology.
Advanced Nitride Device will focus on the manufacturing and commercialization of Gallium Nitride (GaN) and Aluminum Nitride (AIN) semiconductor materials and devices. The Company plans to develop along a manufacturing path which has been pioneered and patented by an early leader in this new material revolution. The plan includes a wafer manufacturing facility based on an extensive process patent portfolio for the GaN and AIN manufacturing process. The proprietary manufacturing processes yield some of the highest quality materials commercially available.
As a material, GaN is a primary component in the manufacturing of blue laser diodes which are the enabling technology for Blu-ray disc technology. Blue laser beams emit a smaller light pattern and are more precise than red laser beams; blue lasers greatly increase the data capacity of DVDs and CDs to allow full high definition content to be recorded to a single disc. With Sony beginning to sell Blu-Ray versions of its movies tomorrow and Samsung’s Blu-ray player releasing Sunday, the market for GaN is starting to ignite. Not to mention HD-DVD players which have already begun shipping and also rely on the same GaN enabled blue laser technology. These same enhanced storage capacity benefits extend to optical data storage devices as well.
“The opportunity to bring these advanced semiconductor materials into a market where demand for GaN microelectronic devices is expected to grow at a compound annual growth rate of over 150 percent through 2010 is exciting for EntreMetrix. The market projects for the production of these materials continue to adjust upward with the most recent research citing a $7.6 Billion market by 2009,” said Scott W. Absher, CEO of EntreMetrix. “We are focused on the delivery of these materials to market and are evaluating acquisitions to capitalize on Advanced Nitride’s materials science into device manufacturing.”
Advanced Nitride will initially operate as a portfolio company of EntreMetrix with near term plans of an independent market entry.
About EntreMetrix: Based in Irvine, California, EntreMetrix is a Business Development Company, regulated under the Investment Company Act of 1940, and a provider of essential structural and financial support services to small business clients throughout the United States. The Company’s structural support services create value for clients by providing expertise in the areas of employee and financial management — eliminating the need for clients to manage non-core functions. For many clients, the EntreMetrix relationship results in access to structural and financial resources needed to sharpen business focus and accelerate growth. For more information on EntreMetrix, Inc., visit the Company’s Web site at www.entremetrix.com or contact Scott W. Absher (888) 798-9100. The Company’s corporate offices are located in Southern California at 18101 Von Karman Avenue, 3rd Floor, Irvine California 92612.
Safe Harbor Statement: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “ACT”). Statements in this release that relate to the Company’s plans and strategies, as well as management’s expectations about new and existing products and services, acquisitions and opportunities, market growth, demand for acceptance of new and existing products and services are forward-looking statements. In particular, when used in the preceding discussion, the words “estimated,” “believe,” “optimistic,” “expect,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the ACT and are subject to risks and uncertainties, and actual results could differ materially from those expressed in forward-looking statements. Such risks and uncertainties include, but are not limited to, unfavorable market conditions, increased competition, limited working capital, and failure to implement business strategies, actions by regulatory agencies, and other risks and uncertainties that could cause actual results to differ materially from historical or anticipated results due to many factors. The Company undertakes no obligations to publicly update or revise such statements. For more details, please refer to the Company’s Securities and Exchange Commission filings.
Contact:
Contact:
Scott W. Absher
(888) 798-9100
investorinfo@entremetrix.com
Source: EntreMetrix Corp.
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