Advanced Optics Electronics, Inc. Increases Holdings in Emerging Bio-technology Company, Biomoda, Inc.ALBUQUERQUE, N.M.--(BUSINESS WIRE)--April 27, 1998-- Cancer Testing/Treatment Company's Annual Testing Revenues Alone Projected to Exceed $70 Million in Five Years Advanced Optics Electronics, Inc. today announced it has increased its holdings in Biomoda, Inc. to 22% of Biomoda's outstanding stock. Advanced Optics also retains an option to substantially increase its position in Biomoda over the next year. Biomoda, Inc., a privately held bio-technology company, holds an exclusive world-wide license for patented tests for the very early detection of lung cancer lung cancer, cancer that originates in the tissues of the lungs. Lung cancer is the leading cause of cancer death in the United States in both men and women. Like other cancers, lung cancer occurs after repeated insults to the genetic material of the cell. . This sputum sputum /spu·tum/ (spu´tum) [L.] expectoration; matter ejected from the trachea, bronchi, and lungs through the mouth. sputum cruen´tum bloody sputum. test, capable of detecting lung cancer at least six (6) years earlier than any currently available test, is uniquely integrated with an effective lung cancer treatment utilizing the same technology. Biomoda, Inc. is anticipating its cancer testing/treatment program will enter the public market the end of the fourth quarter of 1999. Biomoda will initially pursue market share in the $3 billion lung cancer market and later in the $750 million inflammatory bowel disease inflammatory bowel disease n. Abbr. IBD Any of several incurable and debilitating diseases of the gastrointestinal tract characterized by inflammation and obstruction of parts of the intestine. market. Biomoda's proprietary cancer technology is based on patented applications of TCPP TCPP Turbo C++ (Programming Language) TCPP Traitements Composites Poudres et Process (Composite Powder Treatments and Processes) TCPP Texas Commercial Package Policy , a synthetic porphyrin compound for cancer diagnostics and therapeutics. When used outside the body for clinical diagnosis of sputum, TCPP binds to lung cancer cells and can be detected with a fluorescent microscope fluorescent microscope n. A microscope fitted with a source of ultraviolet radiation to aid in the detection and examination of fluorescent specimens. . When used inside the body, TCPP (joined to a copper isotope, CU-67) accumulates in the affected region of the lungs. The beta rays emitted from the CU-67 can isolate and attack tumors on a very deep level. The use of the same compound, TCPP, outside and inside the body, leads to Biomoda's unique, integrated medical strategy. Advanced Optics Electronics, Inc. has retained first right of refusal to design, manufacture and distribute the necessary scanning testing devices for the lung cancer tests using Advanced Optics Electronics' proprietary display technology. Additionally, Advanced Optics Electronics is reviewing production capabilities in response to several recent inquiries from potential buyers of its flat panel displays. Advanced Optics is also currently considering requests from several companies desiring to license portions of its display technology. Advanced Optics Electronics, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ADOT ADOT Arizona Department Of Transportation ADOT Alaska Department of Transportation ADOT Fédération des Associations pour le Don d'Organes et de Tissus Humains ADOT Active Duty Other Than Training ADOT Automatic Digital Optical Tracker ADOT Advanced Display Optimization Tools ) is a developer of patented electronic display technology, utilizing ADOT's proprietary SLM See service level management system and spatial light modulator. (Spatial Light Modulator (1) A matrix of movable mirrors used to reflect a digital image to the viewer. See DLP. (2) A matrix of shutters that represents a page of binary data. It is used to modulate a laser beam for holographic storage. See holographic storage. ) light valve. This industry-leading technology can be utilized in many diverse fields including the production of "television quality" advertising billboards, medical testing equipment, military displays, computer monitors and high definition video transmission. Advanced Optics Electronics actively seeks partnerships with companies in fields that could benefit from ADOT's patented technology. This press release contains forward-looking statements with respect to the results of operations and business of the Company that involves risk and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports to be filed with the Securities and Exchange Commission. CONTACT: Advanced Optics Electronics, Inc. 505/797-7878 www.adot.org |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion