HWI Global Commences 10,000 Square-Foot Micro-Electronics Clean-Room for Powerex Inc.
http://markets.financialcontent.com/stocks/news/read/18712560/hwi_global_commences_10
HWI Global Commences 10,000 Square-Foot Micro-Electronics Clean-Room for Powerex Inc.
By: HWI Global via Marketwire News Releases
Posted on June 13, 2011 at 16:33 PM EDT.Company Finalizes Design, Engineering and Tenant Improvement Phase in Preparation of Clean-Room Build-Out
PITTSBURGH, PA -- (Marketwire) -- 06/13/11 -- HWI Global, Inc., the Pittsburgh-based clean-room design builder, (OTCBB: HWIC) has commenced construction of a 10,000 square-foot ISO 7 clean-room for Powerex Inc. HWI Global obtained the design and build contract in August 2010. Powerex's corporate offices consist of a 90,000 square-foot manufacturing plant where the new clean-room will be retro-fit. Scheduled for a mid-September certification, the equipment fit-up is expected by early October.
Powerex Inc.'s divisions support many markets: transportation, AC and DC servo drives, AC and DC motor controls, UPS, alternative energy, medical power supplies, welding, induction heating, electric vehicles, aircraft and white goods. Based in Youngwood, PA, Powerex is a leading supplier of discrete, modular and integrated high-power semiconductor solutions. Its broad product line -- including IGBTs, IPMs, DIPIPMs (a registered trademark of Mitsubishi Electric Corp.), Discrete Rectifiers and Thyristors, and Thyristor and Diode Modules -- is enhanced by Powerex divisions devoted to the development of platform and customer-specific modules.
Powerex Inc. was formed by two industry pioneers -- the Power Semiconductor Divisions of General Electric Company, and Westinghouse Electric Corporation. In 1994, Westinghouse sold its shares to General Electric and Mitsubishi Electric, which currently share equal ownership of Powerex.
HWI Global began the preliminary design and engineering in the fall of 2010. The Company conducted a full-assessment of the tenant improvements to the existing building, which was required in preparation for the eventual clean production space. HWI's General Construction Division performed an array of services since December 2010, including a complete mechanical and electrical demolition, relocation of a 200-ton chiller, installation of a 1,300 linear-foot main gas line, fire suppression and plumbing upgrades, as well as a complete equipment relocation of Powerex's existing Stem Cell low level production cell & IPP Integrated Power Product production areas.
Deric Haddad, CEO, HWI Global, states, "We knew going in that this project would bring many challenges. An older building that required some upgrades, the existing production and process needed to be displaced and reorganized, and there was an ultimate completion deadline to consider. But our construction management team has done an exceptional job in maintaining enough flexibility to provide Powerex the necessary TI services without jeopardizing their completion milestones. As it stands now, we have drafted a workable schedule that could have Powerex in production by October."
Duane Prusia, Business Unit Manager of New Product Development and Custom Modules, Powerex Inc., notes, "With HWI Global's hands-on approach, Powerex Inc. is positioned to provide the world marketplace with high quality, competitively priced power semiconductor modules for many years to come."
The Powerex project adds to the diversified list of industries HWI Global facilitates. Known primarily for its engineering and design-build construction in the Bio-pharmaceutical and Healthcare sectors, performing these services at such a large scale for a world-wide semiconductor manufacturer will only improve HWI's portfolio.
Haddad explains, "This is a very high-profile semiconductor project in a rather large stand-alone environment and we are honored that Powerex has put their faith in us. HWI Global intends to deliver a state-of-the-art clean-room, a showcase of our abilities which should bring us more opportunities in this market sector."
About HWI Global
HWI Global is a leader in clean-room design engineering and construction, servicing clients in the Life Science, Health Science, Nanotechnology, Microelectronics and Aerospace industries. HWI Global and its network of subject matter experts (SME) -- from leading architects, engineers, facilities planners, and specialized installers -- effectively design and construct the most state-of-the-art clean environments in a "turnkey" fashion.
Safe Harbor Statements
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. This press release shall not constitute an offer to issue or sell, or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
HWIC is a member of EquityGroups The Investors Social Network
Add to Digg Bookmark with del.icio.us Add to Newsvine
Investor Relations:
Mark Kabbash
646-408-2661
mark.kabbash@equitygroups.com
or
Media Relations:
Jerry Jennings
561-881-7318
jerry@emersongerard.com

