Printer Friendly
The Free Library
19,604,538 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Caprius Receives Payment of $1.1 Million in Resolution of Patent Issues.


WILMINGTON, Mass.--(BUSINESS WIRE)--Dec. 8, 1998--Caprius, Inc. (Nasdaq: CAPR CAPR Colegio de Abogados de Puerto Rico (Spanish)
CAPR Civil Air Patrol Regulation
CAPR Computer Assisted Pipeline Review
CAPR Capability Requirement
CAPR Capability Request
) announced today that it had received $1.1 million from a major MRI 1. (application) MRI - Magnetic Resonance Imaging.
2. MRI - Measurement Requirements and Interface.
 manufacturer to resolve outstanding patent issues unrelated to the patents protecting its Aurora(R) technology.

"This infusion of funds will allow us to dedicate more resources to the development and expansion of our program to acquire comprehensive breast imaging centers," stated Jack Nelson, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Caprius. "With the success we are experiencing at our Strax Center in Florida, we are convinced that pursuing a strategy of further acquisitions will benefit our shareholders. This transaction and the transaction contemplated in the letter of intent announced last week for the sale of our technology based assets, provides us the additional resources to pursue this objective."

Caprius, Inc. has signed a letter of intent with Mi3 and Ampersand The ampersand (&) normally means "and" as in Jones & Company. However, in the computer world, it is used in various ways. In Windows, it is used as a code to precede an underlined character.  Ventures to sell its Aurora technology Aurora Technology is a subsidiary of Shanda, a major Chinese operator of online games. It publishes the MMORPG King of the World. External links
  • "China MMO Says No to Men Playing as Women", Pro Game News.com, September 24th, 2007.
 assets and will also receive a royalty stream from future Aurora sales. The Company expects to realize approximately $5 million from the sale and future royalties. Mi3 and Ampersand will also assume all ongoing liabilities and debt connected to the technology. The agreement is non-binding in nature, with the exception of certain provisions granting the acquirers an exclusive negotiating period through January 13, 1999 and dealing with expenses, publicity and timing. Any transaction would be subject to, among other conditions, Board approval, the completion of definitive agreements and 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.  by the acquirers. Accordingly, there can be no assurance that a definitive agreement will be entered into or any transactions will be completed.

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement:

The statements made in this press release that are not historical fact are "forward-looking statements" which are based upon current expectations that include a number of risks and uncertainties. Factors that could cause actual results to differ materially from the forward -looking statements include meeting ordinary and customary closing conditions, delays in product development, lack of market acceptance of technology, technological innovations of competitors and changes in health care regulations, including reimbursement programs.
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Dec 8, 1998
Words:335
Previous Article:ICT GROUP Signs Marketing Agreement to Support SITA's GABRIEL Call Center Services.
Next Article:Avanticorp International Inc. Closes Acquisition.
Topics:



Related Articles
Caprius Announces Preliminary Settlement in Shareholder Class Action.
Caprius, Inc. Reports First Quarter Financial Results.
Caprius Announces Sale of Its Technology Assets.
Caprius, Inc. Announces Acquisition of Opus Diagnostics, Inc.
DISTRICT ALLOTS EXTRA CASH BOARD PREPARES BUILDING-MONEY REQUEST.
Hynix tax deal includes school cash.
PowerTrack use increases for MTMC carrier payments.
Planning for an installment sale involving depreciation recapture.
Payments software. (Technology Tools).
Springfield district to voters: Schools need new tax revenue.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles