AmeriChip CEO Discusses LACC Order Process and Potential Orders
In an interview with Francis Gaskins, president of IPOdesktop.com, Marc Walther, CEO of AmeriChip (ACHI), said "AmeriChip is negotiating with at least four different major manufacturers, which all have different ordering processes, for Laser Assisted Chip Control (LACC) orders."
INTERVIEW HIGHLIGHTS
-- Major manufacturers have different approval processes that are required before awarding a purchase order for a new process, such as Laser Assisted Chip Control (LACC), to a new supplier such as AmeriChip.
-- New suppliers must achieve specific milestones, including validation, Pre-Production Approval Process (PPAP), Run at Rate (run@rate), and warrant (see exhibits below)
-- Marc Walther discusses how the milestones apply to four potential "orders in process"
EXHIBITS discussed in the interview
-- Types of warrants
http://gaskinsco.com/achi-warrant.jpg
-- DaimlerChrysler’s PPAP process
http://gaskinsco.com/PPAP_final.pdf
INTERVIEW HIGHLIGHTS
-- Major manufacturers have different approval processes that are required before awarding a purchase order for a new process, such as Laser Assisted Chip Control (LACC), to a new supplier such as AmeriChip.
-- New suppliers must achieve specific milestones, including validation, Pre-Production Approval Process (PPAP), Run at Rate (run@rate), and warrant (see exhibits below)
-- Marc Walther discusses how the milestones apply to four potential "orders in process"
EXHIBITS discussed in the interview
-- Types of warrants
http://gaskinsco.com/achi-warrant.jpg
-- DaimlerChrysler’s PPAP process
http://gaskinsco.com/PPAP_final.pdf
posted by streetiq at 10:12 AM
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