BTI Group signs RAM license agreement for Germany.TORONTO--(BUSINESS WIRE)--May 16, 1996--BATTERY TECHNOLOGIES (NASDAQ/NMS: BTIOF TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : BTI BTI Beverage Testing Institute BTI Boyce Thompson Institute BTI British American Tobacco (stock symbol) BTI Boston Theological Institute Bti Bacillus Thuringiensis Israelensis BTI BioTechnology Institute BTI Binding Tariff Information ) Battery Technologies Inc. - Canadian R and D company and developers of the Reusable Alkaline Manganese manganese (măng`gənēs, măn`–) [Lat.,=magnet], metallic chemical element; symbol Mn; at. no. 25; at. wt. 54.938; m.p. about 1,244°C;; b.p. about 1,962°C;; sp. gr. 7.2 to 7. RAM(TM) battery system - announced today that its licensing subsidiary, Battery Technologies (International) Limited (BTIL BTIL Baltimore Technologies Investments Limited (London, UK) ), has finalized an agreement for a non-exclusive license with Lombardi Ltd. for the manufacturing rights of RAM products in Germany. Lombardi, is engaged in the import of consumer electronics and has a significant distribution network in Europe, which has shown a very positive response to the opportunity to distribute RAM products. In making the announcement, Mr. Wayne Hartford, President and Chief Executive Officer of the BTI Group, said, "The completion of this strategic license is extremely important to BTI as it will enable us to realize the potential for the expansion of distribution of the company's RAM technology in the European Economic Union, a US $2 billion market." Mr. Stephen Winkler Winkler may refer to:
The license has been structured so that Lombardi's rights to maintain this license are contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent their ability to meet certain stringent financial and performance criteria during 1996 and beyond. We expect to be able to provide further details relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the license as other components of this transaction are finalized over the next few months. The BTI Group of Companies is an energy technologies research, development and licensing group that has developed the proprietary RAM(TM) battery system. RAM(TM) is a trademark of Battery Technologies Inc. CONTACT: Kathryn Freer Director, Communications, 905/881-5100 ext. 308 or Battery Technologies Inc. Tamara Levin, 905/881-5100 ext. 317 |
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