Corporate Profile for MRS Technology, dated Oct. 25, 1996.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine, CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company, Prodigy, Comtex, and many others. -0-
Published Date: Oct. 25, 1996
Company Name: MRS Technology Inc.
Address: 10 Elizabeth Drive
Chelmsford, MA 01824
Main Telephone
Number: 508-250-0450
Chief Executive
Officer: Griffith L. Resor, III
Investor Relations
Contact: John L. Steele Jr.
Business number: 508-250-0450 x218
Trading Symbol: MRSI
Industry: Flat panel display industry/ microlithography
Company description: MRS MRS - Modifiable Representation System. An integration of logic programming into Lisp. ["A Modifiable Representation System", M. Genesereth et al, HPP 80-22, CS Dept Stanford U 1980]. Technology Inc. was founded for the express purpose of developing large area microlithographic equipment for the volume production of active matrix liquid crystal display liquid crystal display (LCD) Optoelectronic device used in displays for watches, calculators, notebook computers, and other electronic devices. Current passed through specific portions of the liquid crystal solution causes the crystals to align, blocking the passage of light. (AMLCD (Active Matrix LCD) See active matrix. ) screens. AMLDCs are the visual display screens used in today's most advanced color laptop and notebook computers, camcorder viewfinders and miniature color televisions, as well as a host of other sophisticated products. Incorporated in 1986, MRS has been involved since that time in the development, manufacture and distribution of their breakthrough microlithography system, the PanelPrinter (tm), which is designed specifically to mass produce AMLCD efficiently. As one of only three manufacturers of projection microlithography systems for large-area AMLCD production, MRS has captured a significant portion of a growing market. MRS derives revenue from two sources: sales of the PanelPrinter, and from contract research with commercial customers and governmental agencies interested in fostering the development of flat panel display A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time (FPD (1) (Flat Panel Display) See LCD, plasma display, EL display, FED and flat panel display. (2) (Field Programmable Device) An umbrella term for all chips that can be programmed by the customer including SPLDs, CPLDs and FPGAs. See PLD. ) technologies. Fiscal Year End: March 31 FY 1996 Sales: $10,557,194 FY 1996 Stock High: $ 7.00 FY 1996 Stock Low: $ 2.875 FY 1996 Net Income (loss): $ 9,940,726 CONTACT: MRS Technology Inc. |
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