Advanced Deposition Technologies, Inc. Announces New Microwave Patent and Developments for ESD Materials.Business/Technology Editors TAUNTON, Mass.--(BUSINESS WIRE)--Nov. 3, 2000 Advanced Deposition Technologies, 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 )(BSI BSI - British Standards Institute :DTI Diffusion tensor imaging (DTI) A refinement of magnetic resonance imaging that allows the doctor to measure the flow of water and track the pathways of white matter in the brain. ) d/b/a A.D.TECH, announced today that it has received notice of allowance from the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Patent office that it's patent claims entitled "MICROMESH MATERIAL FOR HEATING WITH MICROWAVE ENERGY AND FOOD PACKAGES MADE THEREFROM" have been fully accepted. This patent is expected to formally issue before the end of 2000. A.D.TECH developed this new thin metallized film substrate to compliment its many microwave patents and to maintain is technology leadership for microwave food heating packages and related applications. The Company believes this new technology has the potential to replace and outperform many existing materials presently used for microwave heating of pizza, popcorn, chicken, pastries and breaded products. In 1995 and 1996, A.D.TECH received patents for new microwave heating films that were subsequently sold and cross licensed to James River Corporation in 1996 in a transaction valued in excess of $1,000,000. These earlier patents have since been transferred to Graphics Packaging International Corp. (NYSE NYSE See: New York Stock Exchange :GPK GPK Garbage Pail Kids GPK Aceh Security Disturbance Movement (Indonesian insurgent group) GPK Gunner's Protection Kit GPK German Pro Killers (gaming clan) ) as a result of their acquisition of a portion of James River Corporation's paperboard and microwave packaging business. Additionally, the Company disclosed it has developed and is filing a patent for ESD (1) (Electronic Software Distribution) Distributing new software and upgrades via the network rather than individual installations on each machine. See ESL. applications. This new proprietary metallized thin film is intended for use in electrostatic protective enclosures used for circuit boards, memory chips and semiconductor packaging. The need and demand for improved electrostatic, moisture, and triboelectric protection increases as circuits, memory chips and microprocessors are operating at lower voltages for many handheld devices. A.D.TECH believes its new materials provide superior performances over conventional solutions for this rapidly growing market. Advanced Deposition Technologies, Inc. is a technology and market leader for metallized thin films, coatings and components thereof. The Company has primary product divisions in markets for electronic capacitors, microwave food packaging and electronic packaging materials selling in over fifty countries along with subsidiaries in Spain and Malaysia. The Company owns or has licenses to more than 36 patents and 10 patents pending. On a selective basis the Company licenses its proprietary thin film technologies and patents to partners who can accelerate revenue and earnings growth of A.D.TECH's unique products and technologies on a global basis. To receive A.D. TECH's latest news and other corporate documents visit A.D. TECH's web site at www.adtc.net or www.adv-dep.com. Any forward-looking statements in this release are made pursuant to the "safe-harbor" provision of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, new products and technological changes, dependence upon third-party vendors, a limited number of customers, political and other uncertainties related to customer purchases, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. |
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