Advanced Optics Electronics Announces Final Beta Testing Phase of Electro-Optic Technology.Business Editors ALBUQUERQUE, N.M.--(BUSINESS WIRE)--May 31, 2000 Advanced Optics Electronics Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :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 ) today announced that the Company has entered the final stage of beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the for development and production of its proprietary electronic flat panel displays to be used for advertising billboards. Management for Advanced Optics Electronics believes the proprietary product line will create not only increase revenue streams for the Company, but create an entirely new market segment for the outdoor advertising industry where multiple ads can be displayed and changed. "Our goal is to create a product line based on technology that is scalable both in terms of size and resolution to meet a wide range of requirements related to site, economics and use from our potential customers. The major advantages of our flat panel displays are viewing quality, affordability, customer system integrity, and remote change in seconds to reduce advertising site maintenance and increase revenues. We also plan the development of a leasing program and an Owned & Operated group" stated key management from the Company. A complete Corporate profile for Advanced Optics Electronics may be found at http://www.SmallcapNewswire.com. About Advanced Optics Electronics Advanced Optics electronic is a developer of patented electronic display technology utilizing its 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. In addition to the core business of ADOT, the Company has identified and placed a strategic and high potential return investment in a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , BioModa Inc. The biotech company holds patents pending domestically and internationally in the technology for 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. . ADOT currently holds approximately 21 percent of BioModa Inc. In addition, the Advanced Optics Electronics recently announced acquisition of its purchase of a large minority interest in WIZARD Technologies, Inc., (WTI WTI West Texas Intermediate WTI Western Transportation Institute (Montana State University) WTI World Tribunal on Iraq WTI With The Idea (used in chess to point to the idea behind a specific move) ) a fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber development company. Advanced Optics Electronics Inc., initial ownership and option position equates to a maximum of 25% of WTI. ADOT expects WIZARD to contribute to Advanced Optics Electronics, Inc. substantially over the next 2 to 3 years. The Albuquerque, New Mexico “Albuquerque” redirects here. For other uses, see Albuquerque (disambiguation). Albuquerque (pronounced [ˈæl.bə.kɚ.kiː], Spanish: [al.βu. based company maintains an R&D facility and manufacturing plant, where it is engaged in the development, production and sales of its novel and innovative flat panel displays utilizing ADOT's patented technology. Established in 1996, the Company's initial product, scheduled for delivery late this year, is targeted at the outdoor advertising industry. Replacing static billboards, the cutting edge product will provide flat panel displays with crisp, flicker - free images. ADOT's turnkey package manages billboard graphics from a remote access terminal, enabling advertisers to sell billboard time as they would radio or TV ads. This news 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion