Advanced Optics Electronics Inc. Makes Offer for Saco Smartvision Assets.Business Editors ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Nov. 15, 2001 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 recently made an offer for certain assets of Saco Smartvision Inc. of Montreal Of Montreal is an American indie pop band formed in Athens, Georgia, fronted by Kevin Barnes. It was among the second wave of groups to emerge from The Elephant 6 Recording Company. . Saco Smartvision is the builder of the large Nasdaq sign in mid-town Manhattan and has certain assets relative to the assembly of large-scale outdoor LED displays. Advanced Optics Electronics Inc. would incorporate these assets in the design in new contracts and in the enhancement of current displays. Advanced Optics Electronics Inc. would also be interested in any trademarks that also might be available. BioModa Inc. is in discussions to license certain intellectual properties regarding in vitro in vitro /in vi·tro/ (in ve´tro) [L.] within a glass; observable in a test tube; in an artificial environment. in vi·tro adj. In an artificial environment outside a living organism. diagnostic applications. This would involve typical cash payments and long-term royalty payments. Advanced Optics Electronics Inc. is a technology company based in Albuquerque. The company maintains an R&D facility and manufacturing plant, and is engaged in building large-scale flat panel displays A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time utilizing its patented and patent-pending technology. ADOT currently holds three patents or patents pending. In addition to the core business of ADOT, the company has identified and placed a strategic technology oriented investment in BioModa Inc. BioModa Inc. is a company that holds patents and patents pending domestically and internationally for the 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 16 percent of BioModa Inc. 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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