Battery Technologies Inc. - RAM(TM) Turnkey Equipment Purchased For Malaysia.TORONTO--(BUSINESS WIRE)--Dec. 21, 1995--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. - developers of the Rechargeable Alkaline Manganese (RAM(TM)) battery system - announced today that it has completed an agreement with Grand Battery Technologies Sdn. Bhd., a subsidiary of the Narcissus Narcissus, in the Bible Narcissus (närsĭs`əs), in the New Testament, Roman whose household was partly Christian. Narcissus, in Roman history Narcissus, d. A.D. Group - BTIL's ASEAN ASEAN: see Association of Southeast Asian Nations. ASEAN in full Association of Southeast Asian Nations International organization established by the governments of Indonesia, Malaysia, the Philippines, Singapore, and Thailand in licensee - for the purchase of a 'AA' turnkey line for the production of RAM cells in Malaysia. The Narcissus Group - a Malaysian-based consortium - signed a license agreement with BTIL BTIL Baltimore Technologies Investments Limited (London, UK) in June of this year and intends to proceeds immediately with construction of a 60,000 square foot manufacturing facility to house the production equipment. The plant is to be built near Johor Bahru Johor Bahru, also spelled Johor Baharu, Johor Baru, (Baru means "new" in the Malay language) or Johore Bahru and abbreviated as JB, is the capital city of Johor in southern Malaysia. , Malaysia and is scheduled to be completed and in RAM production by mid-1997. Future expansion plans include the addition of at least one 'AAA' line, doubling their production capacity. Following extensive due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and a comprehensive evaluation of The BTI Group of Companies, PNB PNB Produit National Brut (French) PNB Punjab National Bank (India) PNB Philippine National Bank PNB Producto Nacional Bruto (Spanish: Gross National Product) Nomura Jafco Management SDN BHD has financed this project and taken a 30 percent equity interest in the sublicense for Malaysia. In making the announcement, Mr. Wayne Hartford, President and Chief Executive Officer of BTI said, "We are extremely pleased with the commitment shown by Narcissus in moving forward on these projects and the excellent team they have assembled in just a few months. Their extensive marketing and distribution capabilities, particularly in the area of cellular communications, combined with significant interests throughout the Pacific Rim, South East Asia and China are indicative of their ability to effectively penetrate the small format battery market with RAM batteries and chargers." The BTI Group of Companies is an energy technologies research, development and licensing group that has developed the proprietary RAM battery system. Currently, RAM products can be purchased at leading retailers throughout North America under the brand name RENEWAL(R). RENEWAL products are also available in South East Asia in the Porta-Power battery packs for the Motorola Micro Tac series of cellular phones. PURE ENERGY(TM) batteries and chargers are available in Canada, South East Asia through Asia Bridge Trading Company and will soon be available in Europe through Lombardi Ltd. Korean licensee, Young Poong Corporation, is launching its line of RAM products in the first quarter of 1996 under the brand name ALCAVA. RAM(TM) is the registered trademark of Battery Technologies Inc. in Canada. CONTACT: The BTI Group of Companies Kathryn Freer 905/881-5100 (ext. 308) or Tamara Levin 905/881-5100 (ext. 317) |
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