EntreMetrix Corporation (OTCBB: ERMX)
IRVINE, CA–(MARKET WIRE)–Jun 30, 2006 — EntreMetrix, Inc. (OTC BB:ERMX.OB – News) today announced its plans for the Company’s new venture, Advanced Nitride Devices, to pursue vertical consumer applications for the Company’s semiconductor materials technology.
Advanced Nitride Devices will focus on the manufacturing and commercialization of Gallium Nitride (GaN) and Aluminum Nitride (AIN) semiconductor materials and devices. The Company plans to develop along a manufacturing path, which has been pioneered and patented by an early leader in this new material revolution. The plan includes a wafer manufacturing facility based on an extensive process patent portfolio for the GaN and AIN manufacturing process. The proprietary manufacturing processes yield some of the highest quality materials commercially available.
GaN when used as a primary component in the manufacturing of LED technology expands several consumer product categories. Beyond Blu-Ray, which relies on GaN to enable blue laser technology, consumers have also begun to adopt High Brightness LEDs as an alternative to incandescent lighting. These high brightness LEDs use a fraction of the energy of incandescent lighting.
“We have seen several metropolitan areas rapidly adopt LED re-lamping of traffic signals due to their immediate energy cost savings, swift payback and longevity. When a municipality sees a 90 percent reduction in energy use to power a four way intersection you can imagine the interest in pursuing other LED lighting applications for energy conservation. We want to make sure Advanced Nitride is poised to take advantage of the growth in demand for both our materials and the vertical consumer market opportunities,” said Scott W. Absher, CEO of EntreMetrix.
Advanced Nitride will initially operate as a portfolio company of EntreMetrix with near term plans of an independent market entry.
About EntreMetrix: Based in Irvine, California, EntreMetrix is a Business Development Company, regulated under the Investment Company Act of 1940, and a provider of essential structural and financial support services to small business clients throughout the United States. The Company’s structural support services create value for clients by providing expertise in the areas of employee and financial management — eliminating the need for clients to manage non-core functions. For many clients, the EntreMetrix relationship results in access to structural and financial resources needed to sharpen business focus and accelerate growth. For more information on EntreMetrix, Inc., visit the Company’s Web site at www.entremetrix.com or contact Scott W. Absher (888) 798-9100. The Company’s corporate offices are located in Southern California at 18101 Von Karman Avenue, 3rd Floor, Irvine, California 92612.
Safe Harbor Statement: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “ACT”). Statements in this release that relate to the Company’s plans and strategies, as well as management’s expectations about new and existing products and services, acquisitions and opportunities, market growth, demand for acceptance of new and existing products and services are forward-looking statements. In particular, when used in the preceding discussion, the words “estimated,” “believe,” “optimistic,” “expect,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the ACT and are subject to risks and uncertainties, and actual results could differ materially from those expressed in forward-looking statements. Such risks and uncertainties include, but are not limited to, unfavorable market conditions, increased competition, limited working capital, and failure to implement business strategies, actions by regulatory agencies, and other risks and uncertainties that could cause actual results to differ materially from historical or anticipated results due to many factors. The Company undertakes no obligations to publicly update or revise such statements. For more details, please refer to the Company’s Securities and Exchange Commission filings.
Contact:
Contact:
Scott W. Absher
(888) 798-9100
investorinfo@entremetrix.com
Source: EntreMetrix Corp.
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