MacDermid Incorporated, a specialty chemical company headquartered in Waterbury, CT. announced another all time record performance in earnings per share, total earnings, and revenues, for the year end and fourth quarter. We continue to be very optimistic about our future growth prospects. New Product News MacDermid, today, announced the commercialization of an important new process technology that it believes will significantly reduce the manufacturing cost for producers of double sided, plated through hole printed circuit boards.
Process has over two years of proven field experience.
MacDermid licenses the process to fabricators, supplies the process technology including chemistry, and if appropriate, assists in the financing of the venture. The Company has two commitments for large scale installations in addition to the two existing installations in Europe. Additional licensees will be added slowly since the commitment of resources is significant for both the licensee and MacDermid. As a result, the effect on MacDermid's fiscal year ending March 1999 is expected to be modest. If the success of the process continues at the rate the Company currently anticipates, revenue growth produced for MacDermid could be in the tens of millions of dollars per year.