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AmeriChip International Inc. Signs Multi-Million Dollar Sales and Marketing Agreement With West Bridge Technology International Inc. The Board of Directors of Americhip International, Inc (OTCBB: ACHI) announced that the Company has signed an exclusive sales and marketing agreement valued in excess of $22M with West Bridge Technology International Inc. of Dallas, TX. This agreement provides for the exclusive rights to the sales and marketing in the Middle East oil producing countries for AmeriChip's Flexible Manufacturing System using the Company's LACC technology and other industry technologies developed for the production of threaded pipe for the oil and gas pipe industry.
The Company reported on August 16, 2005 that it had developed a Flexible Manufacturing System for the dry machining of oil pipe threads. This technology significantly reduces the time and cost of producing quality threads on oil pipe of all sizes by eliminating long stringy metal chips and their material handling problems. The LACC process has given AmeriChip International a platform for the creation of flexible automated production lines that thread and inspect oil pipe with significantly faster production all under one roof. The LACC Flexible Machining System is expandable to accommodate the size of the pipe and the various inspection goals that are used to complete a pipe for the field.
"This not only lowers the cost to produce oil pipe, but significantly reduces thread leaking due to long stringy metal chips, coolant pitting and uncontrolled ovality. This system also reduces the cost of handling due to the complete flexible automation system under one roof instead of trucking pipe to each phase of manufacturing," said Edward Rutkowski, the original patent holder and developer of this system.
The creation of razor sharp chips in the machining of oil pipe up to 45 feet in length with a diameter up to 24 inches is an everyday hazard in safety, thru put and environmental disposal. Coolant has also been found to cause pitting on the threads of the oil pipe which if not corrected can cause an embolism when the oil pipe is under pressure. These leaks are dangerous, costly and difficult to resolve in the field. This will also reduce both the warranty costs for the producer of pipe and also the capital equipment investment for that producer.
West Bridge Technology International, Inc. provides cutting-edge technology solutions from innovative companies in countries requiring technology to improve the quality of life for their citizens.
West Bridge Technology International, Inc., headquartered in Dallas, TX, acquires and manages state-of-the-art products that meet the needs of Business, Government and Health Care. West Bridge has a unique position that gives it a competitive advantage against other providers of technology. The Company is founded on the principle of delivering technology through its extensive network of offices around the world. With offices strategically located and a complex network of highly qualified partners West Bridge is capable of launching products to many nations across the globe. West Bridge is also positioned to capture significant market share of the global marketplace and will deliver a strong return on investment (ROI). This is achieved through the combined strengths of management expertise in technology selling, worldwide experience and strategic partners that understand the politics of the regions.
"West Bridge Technology International is committed to delivering orders for two (2) systems in the first 6 months of this agreement with Americhip being capable of delivering more systems to suit increased demand. The agreement provides for both partners to receive royalty payments and technology fees for each length of pipe manufactured using AmeriChip's LACC technology. The signing of this agreement is the culmination of a project that Americhip has been working on for over a year and is positioned to deliver a shippable unit in 26 weeks upon receipt of order," said Jim Miller, Executive Vice President Sales and Marketing.
"West Bridge is very pleased to have the opportunity to work with such a dynamic company like AmeriChip. We believe the LACC technology is the most innovative we have encountered and are confident that it will change the oil patch industry as we know it. Our executive team is proud and privileged to represent AmeriChip," stated Troy Cooper, Executive Vice President and COO of West Bridge Technology International.
Headquartered in Plymouth, MI, U.S.A., AmeriChip International Inc., a patented 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 savings 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.
For more information, visit our website at www.americhiplacc.com or, contact R. Windsor at 905-898-2646 or, send an e-mail to r.windsor*americhiplacc.com.
This release may include projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable; it can give no assurances that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release.
Source: Market Wire (October 2, 2006 - 8:00 AM EST)
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AmeriChip Targets the Multi-Billion Dollar Oil Drill Manufacturing Business Analyst Update From IPOdesktop.com LOS ANGELES, Oct. 3, 2006 (PRIMEZONE) -- IPOdesktop analyst Francis Gaskins comments on how AmeriChip International (ACHI) targets the billion dollar oil drilling business with a faster, better, cheaper process. This analyst update is based on ACHI's press release dated October 2, 2006 http://gaskinsco.com/achi-10-2-06.pdf (click).
26 Times More Pipe Can Be Produced
According to AmeriChip President and CEO, Marc Walther, "Normal threading of a pipe takes 20 minutes. With ACHI's patented Laser Assisted Chip Control (LACC) process, a pipe can be threaded every 45 seconds.
"Therefore, with the LACC process an oil drill manufacturer can produce over 26 as many threaded pipes with no increase in capital and labor," he concluded.
Quality Is Critical
Smooth threads
An equally important advantage, according to Francis Gaskins, IPOdesktop analyst, is that ACHI's patented laser assisted chip control process produces oil well drilling pipes with smooth threads.
Strong joints
Pipes with smooth threads are much stronger at the joints, according to Gaskins, and, "If the threaded groove does not properly mate with the coupling then the pipe creates a void which allows pressure to build, leak and break." In other words, the weak oil well drilling link is uneven threading at the pipe joints.
Oil drilling pipe breakage is costly
When an oil-well pipe breaks at a well site, time, money and production are lost. Pipes that break down hole must be drawn back up, bringing with it all the other pipes in the well. Production can be halted for hours, sometimes days, until the repairs are completed. Sometimes the entire drilling effort must be halted at the problem location.
IPOdesktop.com, the leading provider of independent IPO research for professional money managers and individual investors, also produces the IPO Hardball radio program. IPOdesktop editors are quoted by The Wall Street Journal, Dow Jones Newswires, MarketWatch, Reuters, USATODAY, and others. IPOdesktop editors also co-host financial programs at World Talk Radio, the largest Internet's Talk station.
IPOdesktop (ID) SAFE HARBOR STATEMENT: Statements contained in this research report update, including those pertaining to growth, establishing new markets, expansion into new markets and related plans other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made.
DISCLAIMER: The information, opinions and analysis contained herein are based on sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. This report and interview is a paid advertisement and is for information purposes only and should not be used as the basis for any investment decision. ID is negotiating with the company for compensation for preparation and posting of this report, radio interview, video report and other advertising services. This constitutes a conflict of interest as to ID's ability to remain objective...more http://gaskinsco.com/achi-disclaimer.htm
CONTACT: AmeriChip International R. Windsor 905-898-2646 r.windsor*americhiplacc.com http://www.americhiplacc.com
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AmeriChip International, Inc. provides Laser Assisted Chip Control (LACC) technology for use in manufacturing. Its patented LACC technology includes the use of lasers for a controlled breaking of the metal chip. This technology eliminates steel chips that tangle around moving tool parts, automation devices, and other components essential to the machine processing of low to medium grade carbon steels, and nonferrous metal parts. The company targets automotive, oil pipe and coupling production, aerospace, heavy truck, off-road construction, farm implements, and defense industries. AmeriChip International has strategic alliances with Seco Carboloy; GSI Lumonics, Inc.; Creative Automation; and Automated Concepts. The company is headquartered in Plymouth, Michigan.
AmeriChip International Inc. 9282 General Drive Suite 100 Plymouth, MI 48170 Phone: 905-898-2646 Fax: 734-207-0820 Web Site: http://www.americhiplacc.comPosts: 1289 | Registered: Dec 2005
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Reminder: AmeriChip International Inc. Receives a Contract From the Ford Motor Company The Board of Directors of AmeriChip International Inc. (OTCBB: ACHI) announced that it has received a contract from The Ford Motor Company for application of the Company's Laser Assisted Chip Control technology for production parts.
Posts: 1289 | Registered: Dec 2005
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