A.D. TECH's patented fuse susceptor material approved by two, top-10-largest U.S. food companies; Initial orders received; Also, Threshold Technology Partners notifies A.D. TECH it has filed 13D with SEC.TAUNTON, Mass.--(BUSINESS WIRE)--Nov. 7, 1995 -- A.D. TECH, Inc. (Nasdaq: 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 two of the nation's top-ten-largest food companies approved the company's patented fuse susceptor sus·cep·tor n. A metallic patch attached to microwaveable packages of food in which radiant energy produced in the patch by microwaves helps cook the food, often by browning its surface. material for introduction in certain microwaveable products scheduled to be in retail outlets in two to three months. The Company recently received initial orders related to these end-uses. The Company is not able to disclose the identity of the two major food companies until their products are introduced onto retail shelves. Additionally, A.D. TECH announced that Threshold Technolgy Partners, a private investment firm with offices in Washington, D.C., and Atlanta, has made a Schedule 13D Schedule 13D An form that must be filed with the SEC under Rule 13D when a person or group acquiring more than 5% of any class of a company's shares to disclose this information within 10 days of the transaction. filing with the Securities and Exchange Commission disclosing that its holdings now exceed five percent of A.D. TECH's outstanding common stock. "We are very pleased by the growing number of customers incorporating our fuse susceptor in microwaveable packaging material for improved microwave-food heating," said Glenn J. Walters, president of A.D. TECH. "We believe more food companies recognize there are important quality, safety and cost benefits available to them by incorporating our new fuse susceptor material into their microwave packaging instead of standard susceptor materials." Walters also said that A.D. TECH welcomes the increased participation by Threshold Technology Partners. "Given that they have been an A.D. TECH shareholder for more than two years, we believe the latest investment decision to increase Threshold Technology Partners' holdings in our stock reflects their support and positive expectations for A.D. TECH," Walters added. 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 sterilization Any surgical procedure intended to end fertility permanently (see contraception). Such operations remove or interrupt the anatomical pathways through which the cells involved in fertilization travel (see reproductive system). devices, retroreflective films and solar protective films -- using the company's proprietary metallization Met`al`li`za´tion n. 1. The act or process of metallizing. process including a new Pattern Metallization Printing ("PMP See point-to-multipoint and portable media player. PMP - Portable Media Player ") process. CONTACT: A.D. TECH Glenn Walters, 508/823-0707 or Ronald Trahan Associates Ronald Trahan, 508/651-1180 |
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