Advanced Optics Electronics Inc. Moves to Finalize its Technology's Role in Helmet-Mounted Applications.Business Editors & High-Tech Writers ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Jan. 7, 2003 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 ) looks to create a product line for military employment utilizing its patented technology as a result of further discussions with a group interested in licensing certain elements of ADOT's proprietary technology in helmet-mounted applications for the military. The company, which disclosed these ongoing negotiations in mid-December, would, if finalized, both license its technology and partner in the manufacture of a military support product line. Compensation in the form of licensing fees on a graduated basis and royalty payments would flow directly to ADOT. The company is preparing a program to reach out to institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. with the appointment of public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most representatives to support this effort. ADOT's Web site, www.adotsite.com, is set to be replaced with a new site in less than 45 days. Biomoda Inc. (18.5 percent owned by ADOT) SB-2 SEC filing is now on fast-track status with late January as an anticipated effective date. Biomoda's Web site, www.biomoda.com, is being updated to coincide with the SEC filing's anticipated effective date. 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. In addition to the core business of ADOT, the company has made a strategic technology-oriented investment in Biomoda Inc. Biomoda Inc. (non public) 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 18.5 percent of biomoda Inc. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve a high degree of risk and uncertainty. Such statements include, but are not limited to, statements containing the words "believes," "anticipates," "expects," "estimates" and words of similar import. The company's actual results could differ materially from any forward-looking statements, which reflect management's opinions only as of the date of this report, as a result of risks and uncertainties that exist in our operation, development efforts and business environment. The company undertakes no obligation to revise or publicly release the results of any revisions to these forward-looking statements. You should carefully review the risk factors in other documents that the company files from time to time with the Securities and Exchange Commission, including its Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. . Contact Advanced Optics Electronics Inc. at 505/797-7878 or visit their Web site at www.adotsite.com. |
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