Advanced Optics Electronics Inc. Announces Fiber Optics Acquisition.ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Sept. 29, 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 ) has just announced the purchase of a large minority interest in New Mexico based 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) ). WTI is a developmental stage company with in depth experience in optics development, particularly in the development 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 switches. The market for fiber optics switches is estimated by WTI 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. WTI is led by Dr. Mohsen Shahinpoor, a Ph.D. in electronics and Dr. Albert Goodman, a Ph.D. with a background in optics and electronics who formerly held positions at Los Alamos National Laboratories and Sandia National Laboratories Sandia National Laboratories, which is managed and operated by the Sandia Corporation (a wholly owned subsidiary of Lockheed Martin Corporation), is a major United States Department of Energy research and development national laboratory with two locations, one in Albuquerque, New . "WTI expects to contribute to the growth of ADOT as well as create a niche for itself in the fiber optics switching area," stated Shahinpoor and Goodman. 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 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 21 percent of BioModa Inc. The new 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. at 505/797-7878 or visit their Web site at www.adot.org. |
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