ADM Tronics Signs Exclusive Agreement for Environmental Chemical Technology.NORTHVALE, N.J.--(BUSINESS WIRE)--Nov. 11, 1998--ADM Tronics Unlimited 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 : ADMTC) has entered into an agreement with a NYSE NYSE See: New York Stock Exchange listed company listed company n → compañía cotizable listed company n → société cotée en Bourse listed company list n → , giving that company exclusive rights for a period of four months to evaluate certain ADM See add/drop multiplexer. (language) ADM - A picture query language, extension of Sequel2. ["An Image-Oriented Database System", Y. Takao et al, in Database Techniques for Pictorial Applications, A. Blaser ed, pp. 527-538]. Tronics' water-based chemical technologies designed primarily for the worldwide packaging market. At the request of the company, ADM Tronics has agreed not to disclose the identity of the company. The agreement provides that ADM Tronics will be paid a total of $120,000 over the four months as a non-refundable fee for the evaluation period Evaluation period The time interval over which funds assess a money manager's performance. . During the period, ADM Tronics has granted the exclusive right to evaluate the prospects for technological and commercial development of the technologies to the other company. At the conclusion of the four-month period the company will have the right to negotiate a long-term business relationship with ADM Tronics for the technologies covered by the agreement. The company has advised ADM Tronics that the potential market for products based on those technologies could be $700 Million annually. "I am very pleased that a company of this caliber is interested in our water-based technologies," stated Dr. Alfonso Di Mino, Founder and President of ADM Tronics and inventor of the technology. "If we enter into a long-term association, I believe it will be a significant milestone in the history of our environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] water-based chemical technologies." The company will provide ADM Tronics with all of the information gathered or developed during the evaluation period, including both technical and market information. The company will also make available to ADM Tronics during the evaluation period such research and pilot plant facilities as jointly deemed necessary to develop product applications and in support of commercial applications. ADM Tronics is a technology based developer and manufacturer of a diversified line of products categorized into three distinct market segments - therapeutic, non-invasive electronic medical devices, environmentally safe chemical products and innovative topical dermatological dermatological, dermatologic pertaining to dermatology; of or affecting the skin. products. |
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