A.D. TECH, Reflexite strike strategic alliance; A.D. TECH will apply its pattern metallized film onto Reflexite's retroreflective materials to enhance brightness and reflectivity threefold; A.D. TECH's first order from Reflexite is for a quarter of a million dollars.TAUNTON, Mass.--(BUSINESS WIRE)--Feb. 13, 1996--A.D. TECH Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADTC ADTC Armament Development Test Center ADTC Advanced Data Tools Corporation ADTC Apparel Training and Design Centre (India) ADTC Advance Data Transfer Cartridge ADTC Advanced Data Transfer Cartridge ) today announced that it has signed a "supplier agreement" with Avon, Conn.-based Reflexite Corp., a manufacturer of retroreflective materials used for safety-related purposes on numerous products around the world, including highway signs and barricades; a wide range of apparel, such as sportswear, ready-to-wear and children's wear; and commercial trucking vehicles, such as tractor trailers. "This agreement secures immediate access for A.D. TECH in the huge and growing worldwide market for retroreflective materials, " said Glenn J. Walters, president of A.D. TECH. "Reflexite Corp. will use our proprietary and patented PMP See point-to-multipoint and portable media player. PMP - Portable Media Player (Pattern Metallization Met`al`li`za´tion n. 1. The act or process of metallizing. Printing) process to significantly improve the brightness and whiteness of their retroreflective materials. "Using our PMP process, Reflexite now will be able to manufacture retroreflective materials that are up to three times lighter and brighter than the competition's, thus making highway signs, for example, considerably easier to see--both at night and during the day. Reflexite's retroreflective materials are used on everything from traffic markers and Coast Guard buoys to stick-on smiley faces. According to recent articles in the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times and Fortune Magazine, worldwide demand for retroreflective materials runs into the billions, and new applications are turning up all the time. A.D. TECH is very pleased to enter into a strategic alliance with Reflexite, one of the premier companies in the retroreflective materials market," Walters added. Retroreflective means reflecting light back to its source; it describes the material that coats products such as highway signs and barricades, the tape affixed af·fix tr.v. af·fixed, af·fix·ing, af·fix·es 1. To secure to something; attach: affix a label to a package. 2. to life preservers and fire-fighting gear. The process involves molding thousands of microscopic prisms onto every square inch of a plastic sheet. Reflexite Corp., a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , was Inc. Magazine's 1992 "Company of the Year." Last year, Reflexite's sales grew 24 percent, to approximately $55 million, and net income soared 83 percent, to about $6.5 million, compared with 1994. A.D. TECH is a technology leader in developing and manufacturing high-resolution, patterned, vacuum-metallized coatings for a variety of energy-management applications -- including microwave food packaging, authentification holograms, electronic article surveillance See EAS. tags, electrostatic discharge materials, microwave sterilization devices, retroreflective films and solar protective films -- using the company's proprietary metallization process including a new Pattern Metallization Printing ("PMP") process. CONTACT: A.D. TECH Glenn Walters, 508/823-0707 or Ronald Trahan Associates Inc. Ronald Trahan, 508/651-1180 |
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