Advanced Optics Electronics provides company update.ALBUQUERQUE, N.M.--(BUSINESS WIRE)--March 4, 1997-- -0-
Symbol: ADOT - NASDAQ Bulletin Board; Range 1997: $1.50-$2.50
Capitalization: 5,083,867 Common shares; 0 Preferred
$100,000 LT Debt
Source: Bloomberg Financial
Standard & Poor's Corporate Records 1-9-97
Earnings Per Share Revenues
1996 Actual $(0.14) $ 0
1997 Projected $(0.02) 755,000
1998 Estimate $0.21-23 4,990,000
1999 Estimate $0.85-95 15,605,000
Advanced Optics optics, scientific study of light. Physical optics is concerned with the genesis, nature, and properties of light; physiological optics with the part light plays in vision; and geometrical optics with the reflection and refraction of light as encountered in the study Electronics Inc. (the company) is involved in the manufacture of electro-optic systems. The company holds patents and patents pending on its unique technology for 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 . The company's panel displays exhibit a high degree of brightness and high speed ability to change color images A (digital) color image is a digital image that includes color information for each pixel. For visually acceptable results, it is necessary (and almost sufficient) to provide three samples (color channels . The company has benefited from the original research developed by scientists at the world famous, United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. government funded, Los Alamos Los Alamos (lôs ăl`əmōs', lŏs), uninc. town (1990 pop. 11,455), seat of Los Alamos co., N central N.Mex. It is on a long mesa extending from the Jemez Mts. The U.S. and Sandia Laboratories in the state of New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). . The company has reviewed several markets, including but not limited to, cockpit displays, large scale flat panel displays (LSFPD) and flat panel computer monitors. The initial area of company focus is on LSFPDs. The company has several serious inquiries regarding this application of its patented technology and has two pending orders for $850,000 (total $1.7 million). This response has been without any formal marketing effort. Outdoor displays are billboards generally 14 feet high by 44 feet in length. Gannett (NYSE NYSE See: New York Stock Exchange ) with 36,000 billboards has expressed strong interest in the company's technology; specifically in the replacement of up to 10 percent of their locations with the installation of the company's systems. The company produced large scale flat panel displays (billboards) at a cost of 10 percent of a comparable system due to its patented process that produces substantially larger amounts of pixels See pixel. (with light valves as one of the key elements)(1) per square inch than competing technologies. In this fashion, the company surpasses potential competitors in both price and technology. The U.S. Dept. of Defense in a white paper released in mid-1994 confirmed the importance of flat panel displays and said the U.S. government will spend about three quarters of a billion dollars on the flat panel initiative. By the end of the year 2000, the U.S. government expects the market for flat panel displays to reach $20-21 billion dollars. -0-
The major advantages of the ADOT flat panel displays are:
A. Computer quality contrast ratio 256:1 Competition: 210:1
B. Greater brightness
(more than 10,000 lumens) Competition: 7,000 Lumens
C. Submicro switching time Competition: not available
D. Low modest energy usage Competition: 5 x higher
E. Lowest cost - under $1M Competition: $9M+
Affiliated with the company are several Ph.D.s with disciplines in the area of electro-optics, photography and computer technology. These scientists include Dr. Albert Goodman Albert William Goodman (1880 – 22 August 1937) was a Conservative politician in the United Kingdom. At the 1929 general election, he unsuccessfully contested the safe Labour seat of Bow and Bromley in East London, losing by a wide margin to George Lansbury. , whose experience include substantial periods of time both at Los Alamos and Sandia Laboratories. The president of the company, Michael Pete, has led the effort for satellite transmission of uplinking to the satellite and downlinking to a dish at the rear of the display panel. Leslie Robins serves as executive vice president and chairman of the company. Robins has led the effort for patent development and prototype development as well as raising initial and interim financing Interim financing A short-term loan made to a company on the condition that a takeout will follow with long-term or intermediate financing. interim financing The financing that supports a transaction until permanent financing can be arranged. for the company. The company is scheduling the sale of at least two systems in 1997 and nine systems in 1998. In 1999, the company projects substantial earnings with the sale of 22 to 25 systems. Recently, the company has received several inquires for a turnkey package from potential purchasers of one or two LSFPDs. This would include supplying the software, outdoor display panel and the technicians to manage and uplink (1) Transmitting from an earth station to a satellite. Contrast with downlink. (2) A port on a network device that is used to connect to another network device rather than a client or server. See MDI port. to the satellite. This turnkey package will provide monthly fee income from the projected sale of LSFPDs. The company has not integrated this monthly fee income from the projected sale of these packages into earnings or revenue projections. The turnkey package approach will increase earnings projections by more than 20 percent over the next several years. Results for 1996 were a loss of $0.14 per share. Results estimated for 1997 reflecting the ramping up of production and establishing a production facility would be a profit of $0.02 to $0.03 per share. For 1998 the company is estimating a profit of $0.21 to $0.23 per share. Estimates for 1999 earnings are in the area of $0.85 to $0.95 per share. (1) The Advanced Optics Electronics 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. ("SLM See service level management system and spatial light modulator. ") light valve works the same way as a water valve does by controlling water flow through a faucet, on a very miniaturized basis. The light valve is controlled electronically; responding to an electronic impulse to modulate To insert a data signal into a carrier wave or direct current. See modulation. the amount of light passing through the valve. By reducing the valve size (.001 inch square, for example) and placing the valve in a matrix, the SLM is formed. CONTACT: Advanced Optics Electronics Inc., Albuquerque Information Officer, 505/243-7878 or 800/726-0832 Fax: 505/244-0089 |
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