Constellation 3D, Inc. Announces January Delivery of Pre-Industrial Production Prototype FMD/C ROM Drives & Media.Business/Technology Editors NEW YORK--(BUSINESS WIRE)--Aug. 8, 2000 Constellation 3D Constellation 3D (C3D or CDDD)[1] was a company developing a new optical medium; the Fluorescent Multilayer Disc and Card (FMD/C).[2][3][4] , Inc. Announces: - January Delivery of Pre-Industrial Production Prototype FMD/C ROM Drives & Media - Acceleration of Schedule for Industrial Production of FMD/C-WORM Drives & Media Constellation 3D, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : CFMD) ("C3D A technology developed at the Turing Institute, Glasgow, Scotland for creating 3D models. Using two cameras to obtain stereo images, C3D turns subjects into 3D models in AutoCAD, 3D Studio and virtual reality formats for Internet use. " or the "Company") announced today further advances in the development of its manufacturing processes for Fluorescent Multilayer Disc Fluorescent Multilayer Disc (FMD) was an optical disc format developed by Constellation 3D that uses fluorescent, rather than reflective materials to store data. Reflective disc formats (such as CD and DVD) have a practical limitation of about two layers, primarily due to & Card (FMD/C) drives & media. The company will deliver pre-industrial production prototype FMD/C drives & media for final testing by major drive and media manufacturers in January, in anticipation of industrial production next summer. In addition, developmental progress on recordable FMD/C drives has accelerated the schedule for industrial production of FMD/C-WORM by several months. Pre-industrial production prototypes of recordable FMD/C will now be available to partners in March 2001. These advances will allow the companies' current and future production partners to have access to media and drives in sufficient quantities to conduct thorough pre-production testing. This will optimize drive and media quality and will also speed the standards writing process. "Public and private demonstrations to potential industry partners of audio, and more recently video Fluorescent Multilayer discs began last fall and have yielded significant business development progress," says President 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. Dr. Eugene Levich. "Now we are going to be delivering media and drives to existing and potential partners for their own internal testing. This is an important milestone. This program has been facilitated by continuing investment in infrastructure such as Class 100 laboratory expansion and new hires in our production team." "We are on track to deliver turnkey disc and drive solutions to certain vertical markets by summer 2001, to be followed by broader consumer market introduction shortly thereafter. This is precisely in line with our business plan and shows we are executing our strategy quite well," adds Levich. Constellation 3D, Inc. develops advanced data storage products including the high capacity, multi-layer FMD FMD foot-and-mouth disease. disc and ClearCard(TM). The company has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Massachusetts, Florida and California, and laboratories in Israel and Russia. Constellation 3D, Inc. holds or has made applications for over 70 worldwide patents in the field of optical data storage. More information is available at www.c-3d.net. Statements contained in the news release that are not historical facts are forward-looking statements as that term is defined in 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. Such forward-looking statements are subject to risks and uncertainties, which may cause actual results to differ materially from expected results. THE SEC AND NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). HAVE NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. |
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