Ameron Inc. makes announcement.PASADENA, Calif.--(BUSINESS WIRE)--Nov. 18, 1994--Ameron Inc. Friday said that recent public statements by a competitor about patent-related restrictions on Ameron's underground service station and other fuel-handling piping systems are grossly inaccurate. On Nov. 15, Total Containment Inc. (TCI (Trustworthy Computing Initiative) An umbrella term from Microsoft for its efforts to improve security in Windows. TCI was announced in 2002 after viruses such as Code Red and Nimda had succeeded in attacking numerous Windows computers. ), an Ameron competitor, issued a news release stating that its recent settlement of a patent dispute with Keith J. Osborne will require Osborne to terminate his existing license with Ameron and an Ameron sublicensee covering flexible, retractable re·tract v. re·tract·ed, re·tract·ing, re·tracts v.tr. 1. To take back; disavow: refused to retract the statement. 2. piping products. Osborne is The first portable computer, developed by Adam Osborne and introduced in 1981. Floppy disk based with 64K of memory, it used the CP/M operating system and a modified version of the WordStar word processor that would display only 40 characters at a time across its tiny 4.5" CRT. an officer of Buffalo Environmental Products Corp., another Ameron competitor. The TCI release said that ``only two companies,'' TCI and Buffalo, ``will be active in the double wall flexible retractable piping systems market.'' James S. Marlen, Ameron president and chief executive officer, said: ``The implications of the TCI press release are grossly inaccurate. The rights of Ameron are not affected by any arrangements TCI might have made with Mr. Osborne. ``In view of Ameron's valid, binding, bona fide [Latin, In good faith.] Honest; genuine; actual; authentic; acting without the intention of defrauding. A bona fide purchaser is one who purchases property for a valuable consideration that is inducement for entering into a contract and without suspicion of being agreements with Mr. Osborne -- which Ameron fully expects Mr. Osborne to honor -- this purported pur·port·ed adj. Assumed to be such; supposed: the purported author of the story. pur·port  ed·ly adv. arrangement will not affect the range of products that Ameron is able to offer. Ameron intends to take the strongest and most vigorous legal action to protect its interests in this matter.'' Ameron management continues to believe that the company's 1994 net income will be substantially higher than prior-year net income before restructuring charges restructuring charge The expense of reorganizing a company's operations. A restructuring charge is an infrequent expense that generally results from asset writedowns or facility closings. . Ameron's fiscal year closes on Nov. 30. CONTACT: Ameron Inc., Pasadena Gary Wagner, 818/683-4000 |
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