Cedar Group, Inc's Dominion Bridge subsidiary formalized its alliance with the Canadian Centre for Composite Materials.MONTREAL, Canada--(BUSINESS WIRE)--July 7, 1995--Dominion Bridge, Inc. ("DB") the engineering infrastructure subsidiary of CEDAR GROUP, INC. (NASDAQ/NMS:CGMV; VSE See DOS/VSE. VSE - Virtual Storage Extended :CGM (1) (Computer Graphics Metafile) An ISO/IEC standard format for 2D graphics images introduced in 1987. Primarily a vector graphics format for technical illustrations and geophysical visualizations, CGM also supports raster graphics and text. ), announced that it has formalized for·mal·ize tr.v. for·mal·ized, for·mal·iz·ing, for·mal·iz·es 1. To give a definite form or shape to. 2. a. To make formal. b. its joint venture agreement with the Canadian Centre for Composite Materials ("CMC (Common Messaging Calls) A programming interface specified by the XAPIA as the standard messaging API for X.400 and other messaging systems. CMC is intended to provide a common API for applications that want to become mail enabled. 1. ") of Montreal, Canada, The newly-formed company will carry the name of DB/CMC Technology Inc. ("DB/CMC") with the ownership structure being 70% DB and 30% CMC. The new venture will market and commercialize worldwide, on an exclusivity basis, its composite technology for commercial and industrial applications and infrastructure projects including Hydro Electric, Oil and Gas pipelines and Transportation. This composite technology consists of imbedded computer chips linked to an integrated network of fibre optic sensory devices hooked to an artificial intelligence software program that monitors stress and fatigue in the maintenance and security used in industrial infrastructure installations. DB/CMC has already been awarded a $1.2 million contract for the supply of 1,414 lightweight composite panels required to reface Verb 1. reface - put a new facing on (a garment) face - line the edge (of a garment) with a different material; "face the lapels of the jacket" 2. Concordia University's landmark building located in the core area of Montreal, Quebec. Michael L. Marengere, the chairman and chief executive officer of Cedar Group, Inc. noted, "We are enthusiastic about the future of composite materials and their application in worldwide infrastructure projects. We expect this development to provide Cedar Group with a significant competitive advantage." DB/CMC Technology Inc., an accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. Research and Development centre and member of an exclusive network of R&D centres worldwide, benefits from tax credits for R&D projects. CEDAR GROUP, INC., registered in Conshohocken, Penn., and headquartered in Montreal, Quebec, is an international engineering, infrastructure, project management, aerospace and industrial metal transformation company. CEDAR GROUP INC.'s subsidiary, DOMINION BRIDGE, INC., has 115 years of experience and has a long-term successful record in international development projects. EDITOR'S NOTE This news release is neither approved nor disapproved by the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). . CONTACT: Cedar Group, Inc. Eric Boyd 514/634-3550 or Strategic Growth International Stan Altschuler/Richard Cooper 516/829-7111 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion