Advanced Optics Electronics Inc. -- Progress Report.Business Editors ALBUQUERQUE, N.M.--(BUSINESS WIRE)--March 22, 2000 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 ) announces a series of significant business events occurring in the past sixty days. -- 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 will be conducted on ADOT's initial display in the next 60-75 days. -- Subsequently, pre-production will begin to fill orders that have accumulated in the last three months. -- There are a number of requests for the licensing of certain aspects of ADOT technology. -- ADOT has filed an additional patent relating to pulse width modulation. -- The company's shares are now trading on the Hamburg Stock Exchange - Risk Section. -- ADOT has just completed a financing with a private placement of a convertible preferred issue. -- As a fully reporting company, ADOT has just filed its 1999 10K. Advanced Optics Electronics Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : ADOT) 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. ). This industry-leading technology can be utilized in many diverse fields including the production of flat panel electronic high brightness advertising billboards, medical testing equipment, military displays 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 BioModa Inc. BioModa Inc. is a company that holds patents and patents pending domestically and internationally in the technology for early detection of Lung Cancer. ADOT currently holds approximately 20 percent of BioModa Inc. ADOT also owns and has an option to purchase up to 25% of 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 development company. 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