Drexler Technology receives $936,000 in orders from one customer for LaserCard equipment and system software.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Feb. 21, 1996--Drexler Technology Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DRXR) announced today that a customer has ordered $936,000 worth of LaserCard reader/writers and system software, representing, in combined dollar amount, the second largest order from a single customer. Deliveries under the purchase orders have already begun, and the majority are expected to be completed during Drexler's current fourth quarter ending March 31, 1996. The customer, an established value-added reseller A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. (VAR), has requested that its end-user (job) end-user - The person who uses a computer application, as opposed to those who developed or support it. The end-user may or may not know anything about computers, how they work, or what to do if something goes wrong. customer and application not be identified. Drexler Drexler is a surname of:
The system software sold with each of the card reader/writers is called a "device driver." It interfaces the optical card reader/writers with standard IBM-compatible personal computers so that the card user can write, read, delete To remove an item of data from a file or to remove a file from the disk. See file wipe, trash and undelete. 1. (operating system) delete - (Or "erase") To make a file inaccessible. , and update data in much the same way as magnetic floppy disks floppy disk or diskette Magnetic storage medium used with computers. Floppy disks are made of flexible plastic coated with a magnetic material, and are enclosed in a hard plastic case. They are typically 3.5 in. (9 cm) in diameter. are used. The device driver software was developed by Drexler's subsidiary, LaserCard Systems Corporation. Drexler's patented LaserCard(R) optical memory card is the size of a credit card, yet holds 4 megabytes of data -- for storing information such as transaction data, text, software, photos, document images, and medical images. A personal computer and a card reader/writer are used for recording and reading these counterfeit-resistant, highly flexible plastic cards. The LaserCard offers high data security, nonvolatility, and on-line or off-line capability. Drexler Technology Corporation and its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , LaserCard Systems Corporation, are headquartered in Mountain View. Drexler manufactures LaserCard(R) optical memory cards, and LaserCard Systems develops optical card data systems and related software for consumer, commercial, and government markets. -0- Note to Editors: "LaserCard" is a federally registered trademark of Drexler Technology Corporation for optical memory cards. CONTACT: Drexler Technology Corporation J.P. Protsik, 415/969-7277 |
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