Compositech Ltd. Launches Program Planned to Result in Granting a License to Manufacture its Laminates.Business Editors/Technology Writers RONKONKOMA, N.Y.--(BUSINESS WIRE)--Jan. 22, 2001 Compositech Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CTEK), a developer of high tech laminates for the printed circuit board industry, today reported that it has initiated a program intended to result in granting a license to manufacture its CL200+ laminates. The initial phase is part of a program to be funded by the prospective licensee licensee n. a person given a license by government or under private agreement. (See: license, licensor) LICENSEE. One to whom a license has been given. 1 M. Q. & S. 699 n. to validate some recent Compositech engineering enhancements, which would lead to reduced costs of manufacturing CL200+. The work will be performed on Compositech equipment to be shipped to the licensee's plant. Concurrently, the parties will be negotiating a license for the licensee to manufacture CL200+ for its own use, subject to the satisfactory completion of testing during a two-to three-month period. "Compositech is very pleased to commence this program," said Jonas Medney, Compositech's Chief Executive Officer. "We expect the program to prove the cost advantages of manufacturing CL200+ with the improvements we've made, especially the advantages of using CL200+, in the production of the difficult-to-manufacture large printed circuit boards needed for telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and Internet applications," Medney added. "This license should lead to several others, thereby creating an opportunity to realize the worldwide potential of CL200+." "The licensing program, supplemented by additional financing that we are negotiating, will permit us to move forward and realize the potential of our superior laminates," stated Samuel S Samuel, two books of the Bible, originally a single work, called First and Second Samuel in modern Bibles, and First and Second Kingdoms in the Septuagint. They are considered part of "Deuteronomistic history," in which the book of Deuteronomy functions as the . Gross, Compositech's Chief Financial Officer. About Compositech Ltd. Compositech Ltd. has developed innovative and superior copper-clad and fiberglass fiberglass, thread made from glass. It is made by forcing molten glass through a kind of sieve, thereby spinning it into threads. Fiberglass is strong, durable, and impervious to many caustics and to extreme temperatures. epoxy epoxy Any of a class of thermosetting polymers, polyethers built up from monomers with an ether group that takes the form of a three-membered epoxide ring. The familiar two-part epoxy adhesives consist of a resin with epoxide rings at the ends of its molecules and a curing laminates used to make printed circuit boards, which are essential components of personal computers, workstations, data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. , Internet servers and telecommunications equipment. Compositech is currently engaged in locating suitable licensees, joint venture partners or purchasers for its patented technology and equipment design. Compositech(R) and CL200(R) are trademarks of Compositech Ltd. Forward Looking Statement The statements made in this press release contain certain 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. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations. In addition to the matters described in this press release, risk factors listed from time to time in the Company's SEC reports and filings, including, but not limited to, its report on Form 10-QSB for the quarter ended September 30, 2000 and its report on Form 10-KSB for the year ended December 31, 1999, may affect the results achieved by the Company. |
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