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Highvac Corp. and Steed Technology, Inc. Announce Merger

COLORADO SPRINGS, Colo. SCOTTS VALLEY, Calif. July 6, 2011

Colorado Springs, CO

Highvac’s  long-term, core competency of process vacuum pumps and support lends itself well with Steed’s newly introduced EcoGuard "Point of Use" abatement (PoU) technology. Through this strategic alliance, Highvac and Steed have developed a total "Sub-Fab" solution that they will offer to end user customers and OEMs alike. The Sub-Fab solution is a totally integrated system that includes vacuum and abatement technologies, and an onboard environmental control panel feature developed by Steed Technology. By combining these technologies into a packaged, turnkey product, customers will no longer have to piece together vacuum and abatement systems from separate technology providers, and will be able to purchase process vacuum pumps and exhaust abatement equipment as a totally integrated system through a single vendor.

Taiwan China Singapore Europe

A main focus of the merger involves ramping up sales channels, as well as expanding existing channels both domestically and internationally while putting an increased focus on new customers in regions with new, stricter air quality restrictions. With the combination of Highvac’s established vacuum pump sales and service centers and Steed’s EcoGuard Point of Use (PoU) abatement systems, current and future Highvac customers will have access to a wider variety of vacuum/abatement solutions to better serve their specific application requirements.  Highvac operates local service/support centers in strategic areas of the U.S. These locations will serve as the foundation for growth into different global regions going forward, providing customers with faster, more convenient access to service and support for vacuum and gas abatement products.  

John Catalano President

An additional aspect of the merger that Highvac lends considerable value to is the creation of Steed’s Green Consulting Service. The Highvac "Vacuum Pumping Solutions" (VPS) team has a combined 50 years of gas abatement and vacuum equipment experience. With new, increasingly strict, environmental regulations such as the "Greenhouse" law (AB32), many companies in the Semiconductor, LED, Solar and other industries are closely examining ways to increase the effectiveness and efficiency of their current abatement systems. There is little doubt environmental control will play a major role in these industries in the years ahead, and to assist companies in making the transition to cleaner, more efficient manufacturing technologies Steed will offer Green consulting and solutions services to help companies dramatically reduce emissions of gasses such as Perfluorocarbons (PFC’s), Oxides of Nitrogen (NOx), and Carbon dioxide (CO2). Steed’s Green Consulting provides a fast-track to compliance for companies struggling to comply with local and federal laws, while offering significant savings through the reduction  of consumed utilities such as fuel and water.

Gerry Catalano

About Highvac Corp.

Colorado Springs, CO. Colorado USA www.highvacpumps.com

About Steed Technology

www.steedtech.com

SOURCE Highvac Corp.

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