Advanced Optics Electronics Inc. Moves up Testing Schedule on 'COLOR-CHEK'; Equity Placement for Biomoda Inc. Geared to Commence.Business Editors ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Aug. 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 ) confirmed that testing is ahead of schedule for the development of the color speech processor, initially dubbed dub 1 tr.v. dubbed, dub·bing, dubs 1. To tap lightly on the shoulder by way of conferring knighthood. 2. To honor with a new title or description. 3. "COLOR-CHEK." On July 22, 2003, company officials advised that plans were underway for extensive testing to commence by Aug. 20, 2003. The time table has been moved up as a result of preliminary readings which have exceeded expectations enabling testing to be underway in approximately 7-10 days. A full laboratory demonstration following these tests is now targeted for the week of Sept. 15. "COLOR-CHEK," which will be produced to retail at an estimated price of $100 per unit, will offer a very cost-effective and valuable advance for the vision-impaired as well as offering the industry the ability to achieve higher production standards with color speech processing Speech processing is the study of speech signals and the processing methods of these signals. The signals are usually processed in a digital representation whereby speech processing can be seen as the intersection of digital signal processing and natural language processing. ability in both a very cost-effective and uncomplicated installation/application. The company is processing territorial licensing situations primarily for industrial application and direct sales to enable the vision-impaired to utilize "COLOR-CHEK" units with a minimum of delay. Biomoda Inc. (of which ADOT now directly and indirectly owns and controls 30 percent) is proceeding with its equity placement. Upon completion of its offering, Biomoda Inc. will be permitted to release several significant news items. Advanced Optics Electronics is a technology company based in Albuquerque, N.M. 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. 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 directly and indirectly 30 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 reviews 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. . |
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