COREwafer Delivers Test Technology to MDT

June 13, 2012

The Chinese manufacturer will use the on-wafer parametric test system to ensure the quality of magnetic field sensor switches used in smart utility meters.

NEW YORK /PRNewswire/ -- COREwafer Industries Inc. announces implementation of advanced test systems and services at Multi-Dimension Technology (MDT).

Multi-Dimension has developed a new type of magnetic switch sensor that offers fast measurement, extended battery life, and uninterrupted, reliable operation to smart flow meters, such as those used to measure water flow and gas flow.

MDT was founded in 2010 and is breaking new ground in the manufacturing and delivery of field range, high-sensitivity magnetic sensors. "MDT is the first high-volume manufacturer that brings the full advantages of tunneling magnetoresistance technology to the commercial sensor market.

When MDT needed to ensure that their manufactured components met the highest standards for quality, they reached out to COREwafer for solutions. COREwafer's Apollo on-wafer parametric magnetic test system was able to deliver on the requirements set forth by MDT for their TMR angle sensor product line.

Using the COREwafer Apollo system, MDT can perform product wafer sort under real-world use conditions. This system provides DC and AC parametric measurements under a variety of test program controlled magnetic field waveforms and geometric magnetic field patterns. The program can perform R-vs-H and R-vs-rotating-H measurements to devices on-wafer prior to packaging, critical to product success.

"The installation of the Apollo magnetic Test System and initial tests of devices on wafer were done on a consulting basis," states Greg Miller, Board of Directors COREwafer International and Marketing Director of Core Wafer Systems,Inc. "The consulting is ongoing, and we will be delivering more of it in the following months. We are also discussing consulting on other test systems we support from Agilent Technologies, 4070 and 4080 Parametric Testers, where we will be installing and starting initial production runs. Furthermore, we are negotiating the sale of additional magnetic systems for parallel testing of MDT manufactured devices. We have begun ongoing consulting services with MDT worth up to $120,000 in 2012, and are discussing contracts projected at $3 million for several magnetic test systems that include additional on-site services. Over the next three years, as more customers look into the Apollo test line, we are announcing Proforma numbers of $12 million in sales and services."

"Following our recent reorganization under the COREwafer Industries umbrella, our international outlook is now trending upward as shown by our projections with MDT and other Asia-Pacific customers." States Lt. General Thomas P. Stafford ret., Chairman of WAFR, "Introductions are being made throughout the technical community, and we are beginning to show technology companies just how powerful and how extensible the product line supplied by COREwafer Industries can be. Relationships built from within our board of directors continue to bear fruit, and as I continue to serve as chairman throughout this two-year period, we will endeavor to introduce this technology to as many large and small technology companies as possible. With financing and a track record of success, I believe that investors, employees, and shareholders of COREwafer Industries will be proud of this company for many years to come."

About COREwafer
COREwafer Industries Inc. is the parent company of North East Expedite Logistics, a transportation company; and Core Wafer Systems Inc., a technology leader, with their propriety parallel measurement schema for physical phenomena of semiconductor structures.

Please refer all shareholder inquiries to Corewafer Investor Relations via Twitter, Facebook, or by emailing info@wafr.com.

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