AimRite Signs Development Agreement With Pierce Manufacturing Inc.Business Editors SAN DIEGO--(BUSINESS WIRE)--May 9, 2000 AimRite Holdings Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : AIMH AIMH Amelia Island Museum of History (Florida, USA) ) is pleased to announce that it has signed an application development agreement with Pierce Manufacturing Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Oshkosh Truck Corporation. Pierce is the leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. manufacturer of custom fire apparatus. Products include custom and commercial pumpers, aerials, rescue trucks, wildland trucks, minipumpers and elliptical el·lip·tic or el·lip·ti·cal adj. 1. Of, relating to, or having the shape of an ellipse. 2. Containing or characterized by ellipsis. 3. a. tankers. Under the terms of the agreement, AimRite will install a COAST(TM) system on one of Pierce's fire trucks. Both this agreement and the previous Oshkosh agreement include financial, personnel, and facility resource commitments. The agreement also covers system development and sales to Pierce for a period of five years from the date of system approval. The addition of the Pierce fire apparatus to the scope of the recent Oshkosh agreement allows AimRite to also work with a proven innovative leader in the fire truck industry. COAST (Computer Optimized Adaptive Suspension Technology) is a revolutionary suspension control system that uses Variable Constant Force(TM) to achieve unparalleled ride stability, safety and performance for virtually all vehicle applications; including SUV, light truck, heavy-duty truck & bus, RV, military and agricultural. COAST accomplishes all this by eliminating conventional shocks and anti-sway bars, replacing them with simple, patented and powerful 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. AimRite believes that COAST is the most powerful and flexible suspension control system ever developed. 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 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. |
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