AimRite Holdings Corporation Receives Project Vehicle from General Motors.SAN DIEGO--(BUSINESS WIRE)--May 19, 1999-- AimRite Holdings Corporation (Nasdaq/BB:AIMH AIMH Amelia Island Museum of History (Florida, USA) ) is pleased to announce the arrival of the first of the project vehicles from General Motors (NYSE NYSE See: New York Stock Exchange :GM). AimRite will be installing the COAST(tm) suspension control system on the GM vehicle at its new consolidated facility in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , CA. AimRite is also building production COAST suspension control systems that will be installed on numerous other OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and vehicles. These production systems will cover a full range of automotive, truck & bus original equipment and after-market applications. In addition, AimRite will be meeting next week with one of the largest suppliers of automotive systems to original equipment manufacturers. The purpose of the visit will be to select a target vehicle for installation of a production COAST suspension control system for evaluation. COAST (Computer Optimized Adaptive Suspension Technology) is a revolutionary suspension control system that uses Variable Constant Force(tm) to achieve unparalleled ride luxury, safety and performance for virtually all automotive, truck, bus and RV applications. COAST accomplishes all this by eliminating conventional shocks and anti-sway bars and replacing them with simple, but patented and durable hydraulic suspension control units. The units incorporate extremely powerful and sophisticated patented software to make precision adjustments at each wheel 400 times per second. The result is an electronically controlled suspension system that can optimally control up to nine dynamic areas of suspension performance; including roll, pitch, body motions, wheel motions, and bottoming/topping out. We believe COAST is the most powerful and flexible suspension control system ever produced. And with little or no direct competition, COAST will be sought after well into the next millennium. AIMRITE HAS A WEBSITE THAT CAN BE VISITED AT WWW WWW or W3: see World Wide Web. (World Wide Web) The common host name for a Web server. The "www-dot" prefix on Web addresses is widely used to provide a recognizable way of identifying a Web site. .AIMRITE.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. . This release is intended as a forward-looking statement 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. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to (i) The ability to produce the COAST Suspension Technology in the future, (ii) Unexpected changes in the suspension market, (iii) The success of the Company's expansion and marketing strategies, (iv) Competition with conventional suspension systems, (v) The ability of the Company to motivate and retain the services of its key personnel and hire additional qualified personnel to meet evolving staffing needs and (vi) unexpected challenges to the patents. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion