A.D. TECH signs $15-20 million sales agreement; largest contract in company's history.TAUNTON, Mass.--(BUSINESS WIRE)--June 19, 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 ) announced that it has signed a five-year contract to supply a key customer with one of its products, targeted at an emerging market opportunity. "Additionally, we are in active discussions with several major companies who wish to license either our patented products or our proprietary 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) technology," said Glenn J. Walters, A.D. TECH's president/CEO. "Given this new purchasing agreement, we expect at least a 30 percent increase in annual revenues this year. Anticipated licensing agreements, if consummated in 1996, also could enable us to exceed analysts' earnings estimates for 1996." Due to competitive circumstances, A.D. TECH is presently unable to disclose the name of the company with whom it has signed the $15-20 million contract. A.D. TECH develops and manufactures high-resolution, patterned, vacuum-metallized coatings for a variety of energy-management applications -- including microwave food packaging, authentication holograms, electronic article surveillance See EAS. tags, electrostatic discharge materials, electronics and retroreflective films -- using the company's proprietary metallization process including a new Pattern Metallization Printing ("PMP") process. CONTACT: A.D. TECH Inc. Glenn Walters, 508/823-0707 or Ronald Trahan Associates Inc. Ronald Trahan, 508/651-1180 |
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