Borealis Technical Inc. Ltd. announces that Hewlett-Packard Co. ends discussions with Borealis.ELI Eli (ē`lī), in the Bible, high priest and judge of Israel, teacher of the boy Samuel. 1. (language) ELI - An early system on the IBM 705 and IBM 650. [Listed in CACM 2(5):16 (May 1959)]. 2. , Israel--(BUSINESS WIRE)--Dec. 3, 1996--Subject to a Nov. 20, 1996 request by the Ontario Securities commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. requesting that the outcome of "discussions with major corporations" be released to the press, Borealis announces that after extensive technical review and discussion dating from Jan. 1, 1996, Hewlett-Packard Co. decided last week that it did not wish to pursue discussions any further. The technologies under discussion included the Borealis Refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. Technology. Other discussions with major corporations on this and other technologies continue. HP has delivered to Borealis a letter satisfactorily covering the intellectual property disclosed and remains bound by the non-disclosure agreements signed with Borealis. Borealis understands that HP felt the Borealis Refrigeration Technology, in the best possible case, was three years away from the marketable product. Borealis is working on a current schedule, with top researchers and facilities, of six months to prototype and eighteen months to production model. Borealis COO Isaiah Cox commented: "We are naturally disappointed that HP has chosen not to proceed with our technology, but HP also has indicated that its decision should in no way be construed as judgment on the merits Noun 1. judgment on the merits - judgment rendered through analysis and adjudication of the factual issues presented judgement on the merits judicial decision, judgment, judgement - (law) the determination by a court of competent jurisdiction on matters or the technical viability of Borealis proposals. We are hopeful other discussions will yield more mutual benefit." NOTES FOR EDITORS: Borealis Technical Inc. Ltd. Borealis Technical Inc. Ltd. is 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 Borealis Exploration Ltd., a Canadian company quoted for trade over-the-counter in Toronto, and throughout Canada via the Canadian Dealer's Network CANOTC, under the symbol BSXC. Borealis Exploration Ltd. stock may also be traded in the USA under the symbol BOREF. 4,148,345 shares are issued and outstanding. Borealis Technical was set up specifically to develop technologies arising out of research into problems of steel production following discussions with the European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community concerning Borealis Exploration's mineral holdings. Borealis Technical's investigations into the original problems have led to major breakthroughs in three separate fields. These include steel-making, where the our first three patents were issued in 1995 by the USPTO USPTO abbr. United States Patent and Trademark Office for the Borealis 'One-Step Steel' production method, an environmentally sound method for the production of steel from iron ore and iron 'fines' which substantially reduces both energy consumption and environmental pollution. The first such patent was published, together with an article on the implications of the method, for the cover story of Skillings Mining Review of Aug. 5 1995. Borealis Technical has also filed numerous patent applications in the field of electric motor technology, where the revolutionary Borealis electric motor has yielded impressive torque gains in preliminary laboratory test. The third field of research is refrigeration, where the Borealis refrigeration method offers a completely new method of cooling which is environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] , is energy-efficient and fully scalable, from large industrial plant applications to micro-electronic applications. Discussions on the development and licensing of the refigeration technology are progressing. Borealis Technical believes the combination of sound science, practical cost benefits, and sound environmental policy makes for sound business. Our company logo, a beluga beluga (bəl  `gə) or white whale, small, toothed northern whale, Delphinapterus leucas. The beluga may reach a length of 19 ft (5. whale holding a pickaxe, sums up that philosophy. CONTACT: Borealis Technical Inc. Ltd. Chris Bourne Bourne, town (1990 pop. 16,064), Barnstable co., SE Mass., crossed by Cape Cod Canal; settled 1627, inc. 1884. Bourne Bridge (1935), across the canal, made the town an entry point to Cape Cod and a resort and commercial center. , +44 181 571 5216 email: crpb@borealis.com |
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