ATG Signs Agreement to License Ie Crystals for Industrial Enzyme Production.MONROVIA, Calif.--(BUSINESS WIRE)--Sept. 26, 1997--American Technologies Group Inc. (ATG ATG antithymocyte globulin. lymphocyte immune globulin (antithymocyte globulin equine, ATG, ATG equine, LIG) Atgam Pharmacologic class: Immunoglobulin Therapeutic class: Immunosuppressant ) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :ATEG ATEG Assembly for the Teaching of English Grammar ) Friday announced an agreement with AARL AARL Auburn Avenue Research Library on African-American Culture and History AARL Army Aeromedical Research Laboratory Inc. of Juniper, Fla., one of the larger developers, manufacturers and marketers of industrial process enzymes, granting to AARL an exclusive license to use ATG's Ie Crystals in the production of industrial enzymes for the beverage, pulp and paper, starch, food, detergent, animal feed and textile industries. AARL has already conducted successful testing of custom Ie Crystals and their effects upon enzyme production. Exclusivity under the agreement is conditional upon confirmation that these successful tests translate to commercial large scale application. AARL is paying for the balance of the commercialization costs, and the agreement calls for specified sales levels for each custom Ie Crystal formulation to maintain exclusivity. Lawrence J. Brady, president of ATG said, "Based on earlier tests, we know that our Ie Crystals have shown dramatic results for increasing production of enzymes. This agreement further advances ATG's corporate strategy to enter into strategic alliances with those industry leaders in areas where the Ie Crystals can have a profound effect. "The enzyme industry is growing rapidly and we anticipate that this agreement will further expand the profitability of the company and the varied applications of this fundamental science." ATG is an advanced science and technology company providing the solutions to environmental problems worldwide. Its core technologies and products include The Force airborne fuel treatment, Ie Crystal products, fuel additives, water purification  It has been suggested that , , and be merged into this article or section. and heavy particle heavy particlen. See baryon. heavy particle A subatomic particle with relatively high mass, especially a baryon. Noun 1. beam generation. These technologies have numerous applications in the nuclear, energy, water, mining and oil and gas industries. Matters discussed in this release include forward looking statements that involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ include the effectiveness of the Ie Crystal in this case, activity levels in the securities markets and other risk factors listed in the company's reports to the Securities and Exchange Commission including its Form 10-Q Form 10-Q See 10-Q. and Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. on file with the SEC. CONTACT: American Technologies Group Inc., Monrovia Jim Nicastro, 626/357-5000 or Pondel Parsons & Wilkinson Michael Pollock, 310/207-9300 |
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