Datametrics Corporation and Erich Utsch KG Sign Letter of Intent to Cooperate for the Development of Printer Production Systems.Business Editors WAYNESBORO, Pa.--(BUSINESS WIRE)--April 2, 2001 Datametrics Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: DMTR DMTR Dounreay Materials Testing Reactor DMTr dimethoxytriphenylmethyl chloride ) and Erich Utsch KG of Seigen, Germany, signed a letter of intent to jointly develop a number of printing systems for the manufacturing of street, road and general purpose signs and banners. Datametrics Corporation President and Chief Executive Officer, Vince Cahill, said, "We welcome this opportunity to work together with another industry leader to create needed products. The alliance between Ustch and Datametrics brings together two leaders in their respective fields with complementary capabilities. The proposed joint effort will expand opportunities for both companies and their customers." Erich Utsch KG is the worldwide market leader that manufactures and develops automotive license plates and registration systems. It operates in over seventy countries on five continents through its subsidiaries, joint ventures, projects, distributors and customers. Utsch employs over 350 people. Datametrics Corporation, the leader in concurrent thermal transfer See thermal wax transfer printer and direct thermal printer. technology, specializes in designing, developing and manufacturing high-speed color printers, high-resolution non-impact printers/plotters and ruggedized computers, printers and workstations for government, defense and industrial markets. MadeMyWay is a subsidiary of Datametrics Corporation that is developing internet fulfillment for promotional products. Datametrics Corporation's primary operations are located in Orlando, Florida, with offices in Pennsylvania, New Jersey, and 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 . Datametrics employs about 60 people. Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of 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. These statements involve risks and uncertainties, such as quarterly fluctuations in operating results, the timely availability of new products, the impact of competitive products and pricing, and other risks detailed in the Company's filing with the Securities and Exchange Commission, including the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended October 29, 2000. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements made in this press release. |
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