Correcting and Replacing Tenney Engineering release issued earlier today.UNION, N.J.--(BUSINESS WIRE)--Nov. 22, 1996--Robert S. Schiffman, president and chief executive officer of Tenney Engineering Inc. announced that the privately owned company that has been manufacturing test equipment under license granted December 1992 has paid, during the month of November 1996, license fees in the amount of $575,500. This amount represents the balance remaining of the $1,900,000 maximum total license fees payable under the License Agreement. In addition, the 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. has exercised its option to purchase from the company certain trademarks for consideration of $100,000. Tenney Engineering Inc. is in the business of manufacturing diversified vacuum systems vacuum system Urology A mechanical system used to facilitate and maintain an erection; an erection erector. Cf Penile implant. for space simulation Space simulation is a term used to define a piece of software that simulates space and/or space flight. The umbrella definition of space sim is not widely used as it covers an extensive and highly varied range of programs, from astronomical software to arcade games; this article is , optic coating and plasma treatment for medical labware; and servicing, refurbishing, upgrading and installing environmental test equipment. Editors: Tenney Engineering Inc. is quoted on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. 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. under the symbol "TNGI." CONTACT: Tenney Engineering Martin Pelman, 908/686-7870 |
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