Bug#261996: Market Movers and Shakers
AmeriChip International Inc (ACHI)
Current Price: 0.037
Does it Sound New and Exciting to You? Watch This One Trade Wednesday.
The Board of Directors of AmeriChip International Inc. is pleased to announce that it has reached a major milestone after the completion of five (5) months of extensive testing with a major Fortune 500 automotive parts manufacturer.
AmeriChip International has been working diligently with process engineering in the transmission division and is preparing quotations for the machining of the first of several parts. These trials have been conducted in the manufacturing plants and the laboratory of strategic partners, GSI Lumonics and Seco-Carboloy with a view to producing less expensive parts. As a result of the LACC process, AmeriChip has successfully substantiated that it can significantly lower the manufacturing cost per piece.
Marc Walther, CEO of AmeriChip stated, ``I am very confident that we are at the beginning of a rapid growth phase for the AmeriChip, and I am also confident that we will see an increasing revenue stream leading to profitability. The customer has formed an implementation gr0up to adapt the LACC process as part of a core technology embracing AmeriChip's LACC process for long chip producing materials. Over the next several months, AmeriChip will continue to provide time studies and quotations on the machining of many different component parts for manufacturing in AmeriChip's licensed plants. The customer has identified significant cost s a vings in thru put, cost reduction by the elimination of coolant as it relates to dry machining, scrap reclamation and overall handling, capital equipment investment per part number, reduced tool cost and the amount of labor required to produce machined parts.''
Headquartered in Plymouth, MI, AmeriChip International Inc., a process technology company, holds a patented technology known as Laser Assisted Chip Control, the implementation of which results in efficient chip control management in industrial metal machining applications. This technology provides substantial s a vings in machining costs of certain automobile parts providing much more competitive pricing and more aggressive sales approaches within the industry.
The innovative AmeriChip business model, enhanced by its AmeriChip Tool and Abrasives subsidiary, is designed to establish an extensive resource for cost saving services and products that all cost conscious industrial steel and aluminum machining companies require. AmeriChip is committed to keeping jobs in America for Americans.
About the Company
AmeriChip International Inc., through its wholly owned subsidiary AmeriChip Ventures, Inc. has developed a patented technology, supported by 15 years of engineering, designed to eliminate the long and often dangerous ribbon-like steel chips that tangle around moving tool parts, automation devices and other compontents essential to the machine processing of low to medium grade carbon steels and non-ferrous metals. The result of this process is a superior product, manufactured in a safer working environment, avoiding many of the health and safety issues associated with traditional metal processing methodologies, while offering potential cost s a v i n g s int the billions of dollars.
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