CEM STARTS INTERNATIONAL LAUNCH OF NEW MICROWAVE-BASED INSTRUMENT; SYSTEM TO SERVE AS MAJOR PLATFORM FOR FUTURE PRODUCTS.CHARLOTTE, N.C.--(BUSINESS WIRE)--Oct. 8, 1997--CEM Corporation (Nasdaq/NM:CEMX) today announced the introduction of a new microwave- based instrument with revolutionary capabilities that is the result of an intensive two-year development program. The MARS system, which is an acronym acronym: see abbreviation. A word typically made up of the first letters of two or more words; for example, BASIC stands for "Beginners All purpose Symbolic Instruction Code. for "Microwave Accelerated Reaction System," is an instrument that will allow laboratories worldwide to conduct many critical procedures faster, more easily and with greater precision than is now possible even through other microwave-based systems. CEM CEM contagious equine metritis. CEM selective medium chocolate agar made with Eugon agar and 5% horse blood; used to cultivate Taylorella equigenitalis. began introducing the MARS system in key European, Asian and Latin American markets last month. The announcement today signals the start of a series of seminars throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. to introduce this system which eventually may serve as a replacement for many of the approximately 7,000 existing CEM digestion systems now in use. The extensive marketing support for this launch will extend through the Company's current fiscal year which ends next June. Michael J. Collins, President and Chief Executive Officer, remarked, "We expect shipments of MARS to contribute positively to the Company's revenue starting in our second fiscal half. Our goal in this major research program was to develop a new technological platform that would solidly enhance our leadership in the worldwide market for closed-vessel microwave chemistry Microwave chemistry is the science of applying microwave irradiation to chemical reactions [1] [2] [3] [4]. Microwaves act as high frequency electric fields and will generally heat anything with a mobile electric charge. . This system was developed entirely by CEM and incorporates numerous advanced features not available on any other systems. Faster throughput, much higher testing pressures and sample vessels that incorporate sophisticated electronic sensors position MARS as a technically superior system that we believe will become the new industry standard." Collins added, "The initial application for this new technology will be digestion procedures that involve using acids or other solvents to prepare product samples for many vital tests such as the amount of trace metals and other inorganic matter in water and soil. We eventually plan to integrate the basic equipment platform developed for MARS into other instruments including those used for procedures that extract organic compounds from environmental plastics and food samples." CEM manufactures microwave-based instrumentation for testing and analysis. The Company's products are used worldwide in the general analytical laboratory market and in many manufacturing industries manufacturing industries npl → industrias fpl manufactureras manufacturing industries npl → industries fpl de transformation , including chemical and food processing Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. The food processing industry utilises these processes. . The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 contains a safe-harbor provision for forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . This document may contain forward-looking statements and assumptions. Further events could differ materially from the forecasts and assumptions referenced in this document, as described in the cautionary statements included in CEM's most recent Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission. CONTACT: CEM Corp., Charlotte Michael J. Collins, 704/821-7015 |
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