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
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. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion