Advanced Optics Electronics Inc. Announces Additional Information.ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Sept. 30, 1999-- 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 ) announced yesterday the purchase of a large minority interest in New Mexico based WIZARD Technologies Inc., a developer of 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 switch (patent pending) technology where WIZARD has identified at least four sub-markets in telecommunications. More detail on this strategically important investment will be released in the coming weeks along with information on a significant transaction involving Advanced Optics Electronics' biotech holding. Advanced Optics Electronics also announced today a minor delay in its scheduled display delivery, due principally to the impact on a subcontractor of the recent earthquake in Taiwan. The company still intends to meet its fourth quarter customer commitments. Advanced Optics Electronics Inc. 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. In addition to the core business of Advanced Optics Electronics, the company has identified and placed a strategic and high potential return investment in BioModa Inc. and WIZARD Technology Inc. BioModa Inc. is a company that holds patents and 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. WIZARD is a developmental stage company with in-depth experience in optics development, particularly in the development of fiber optics switches. The market for fiber optics switches is estimated by 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) to be in excess of $5 billion. Fiber optics switches would be incorporated in the expanded development of signal switches for remote display panel locations. 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. |
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