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News Release
SOLIGEN TECHNOLOGIES PROFILED ON WALL STREET NEWS CAST INTERNET SITE
NORTHRIDGE, CA, SEPTEMBER 30, 1999 - Soligen Technologies, Inc., a rapid manufacturer of cast metal parts, and its founder and CEO, Yehoram Uziel, are featured this month through late October on "Wall Street News Cast." The internet newsletter profiles noteworthy public companies, and can be found at www.wallstreetnewscast.net.
Soligen's proprietary casting technology enables it to rapidly produce three-dimensional ceramic casting molds directly from Computer Aided Design files, shaving weeks off of production time for cast metal parts. As the only Company with this technology, Soligen is positioned to provide a veritable revolution in how the auto industry, among others, can reduce costs and improve performance in making critical cast metal engine parts. In the 20-minute interview, Uziel discusses Soligen's strategy for taking its advanced proprietary technology into the next century.
Uziel says that major auto- and equipment makers such as Ford, GM, Honda, Caterpillar, and others have already benefited from working with Soligen to achieve fast turnaround times for parts production. This speed and efficiency is particularly important given the industry-wide effort to accelerate automobile production: the current record for producing a new car model is around 18 months - by utilizing Soligen's technology, the Company believes production could be advanced to as little as one year.
Soligen's successes are enhancing the Company's reputation, and Uziel says that Soligen will continue to strengthen its position based on increasing recognition and word-of-mouth among its customers and the industry. Recently, Soligen was ranked number five by Deloitte & Touche's in its "Fast 50 Program," which lists the 50 fastest growing technology companies in Southern California.
The Wall Street News Cast site contains the audio interview with Uziel, a detailed profile of the Company, and a Message Board on which visitors can post comments.
About Soligen
Soligen's DSPC technology is a proprietary fabrication process for metal parts that produces ceramic molds for metal casting directly from a CAD file. By using the DSPC technology, Soligen can produce a first article metal part bypassing the traditional need for tooling. Consequently it enables postponement of design and the fabrication of expensive and time consuming casting tooling until after the parts are functionally tested, thus increasing the probability of making such production tooling once and correctly on the first attempt. Additionally, Soligen produces production tooling for larger runs of metal casting from the same CAD file as the approved part. By combining three key production elements, DSPC technology, conventional casting methods, and Computerized Numerical Control (CNC) machine practices, the Company has created the first "one-stop-shop" for functional metal parts that are made directly from a CAD file and that are ready for assembly. This complete service, trademarked as Parts Now, has become a single source for out-sourcing of metal parts.
DPSC® and Parts Now® are registered trademarks of Soligen.
Shareholders and others who wish to be informed via email about Soligen are encouraged to send their email address to Mr. Steven Anreder, Soligen's investor relations representative (sanreder@ahscompany.com), at Anreder Hirschhorn Silver and Company. Soligen will honor the privacy of email participants; addresses will not be used for any purpose other than reporting on Soligen's news.
About Wall Street News Cast
Wall Street News Cast, Inc. is a NY State Corporation that employs and represents professionals specializing in Finance, Business Development and Internet Business Development. Wallstreetnewscast.net is a newly developed site devoted to the principal business model of conducting story telling formatted interviews with Small Cap to Mid Cap companies that have important news and upcoming events.
Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions, both here and abroad, time development and release of new products by strategic suppliers and customers, the effort of the Company's accounting policies and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.
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| Contact: Yehoram Uziel, Soligen Technologies, Inc., (818) 718-1221 |
| Email:Yehoram@PartsNow.com |
| or: Steven S. Anreder/Evan L. Zall, Anreder Hirschhorn Silver &Co., (212) 532-3232 |