American Business Computers Corp. receives $7 million order for its juice dispensing system; largest single order in its history brings backlog to $9.4 million.AKRON, Ohio--(BUSINESS WIRE)--July 19, 1995--American Business Computers Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ABCC ABCC Advanced Biomedical Computing Center ABCC Atomic Bomb Casualty Commission ABCC Alcoholic Beverages Control Commission (Massachusetts, USA) ABCC American Board of Clinical Chemistry ABCC Association of British Chambers of Commerce ), the leader in automated dispensing technology, announced today that it has received a $7 million initial order for its Juice Dispenser. This is the largest single order the company has ever received and brings the company's backlog to a record $9.4 million. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Robert A. Cutting, this order marks a substantial reduction in turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. between research and development and the initial commercial order for a major new product. Last month, the company announced that it had filed for a patent on the controlling electronics and software and that field testing would start in record time for the initial customer. ``We have developed a commercial breakthrough product that substantially reduces waste, spoilage spoilage decomposition; said of meat, milk, animal feeds especially ensilage. and dispensing time. The size of the initial order provides a strong indication that juice dispensing is a major new product category for our beverage division,'' Cutting said. He noted that shipments are expected to start in the latter part of the current fiscal year, with the balance delivered in fiscal 1997. The microprocessor-driven system mixes and dispenses from juice concentrates, ensuring a controlled mixture and an accurate, standard portion. Cutting noted that the system has broad commercialization prospects. ``Today, juices are only available in cans, cartons or bottles at most restaurants and other juice dispensing locations. Our technology is adaptable for fountain juice dispensing for today's many health conscious consumers,'' he added. American Business Computers is engaged in research, development and commercialization of automated dispensing technologies which have broad industrial applications. CONTACT: American Business Computers Sylvia Dresner, 212/575-6567 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion