EPL Technologies and Dupont announce exclusive film perforation agreement.WEST CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--September 11, 1996--EPL Technologies Inc. (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 : EPTG) and DuPont (NYSE NYSE See: New York Stock Exchange : DD) announced today that one of EPL's U.K. subsidiaries, Bakery Packaging Services Limited (BPS) executed an exclusive agreement with DuPont to utilize EPL's proprietary gas-flame perforating technology with certain DuPont "Mylar" polyester films. DuPont will purchase from EPL 1. EPL - Early PL/I. 2. EPL - Experimental Programming Language. 3. EPL - Eden Programming Language. U Washington. Based on Concurrent Euclid and used with the Eden distributed OS. Influenced Emerald and Distributed Smalltalk. all of its gas-flame perforation per·fo·ra·tion n. 1. The act of perforating or the state of being perforated. 2. An abnormal opening in a hollow organ or viscus, as one made by rupture or injury. Perforation A hole. requirements for polyethylene terephthalate Ter`eph´tha`late n. 1. (Chem.) A salt of terephthalic acid. (PET), polyamide polyamide material used in the creation of nonabsorbable, synthetic, nylon sutures. (PA), and polyethylene naphthalate (PEN) films. In exchange, EPL will have the right to distribute certain DuPont films. A DuPont spokesman stated that perforated "Mylar" polyester film is the latest innovation from DuPont. With its vented film surface, perforated "Mylar" automatically releases built-up steam, so foods that are heated and served in the film do not become soggy. "We believe our perforating technology is a core reason for DuPont to enter a licensing agreement with us. In turn, the agreement will provide EPL with greater breadth and depth to our product because we will be able to distribute the DuPont films in addition to our line of 'Respire' products," says Paul L. Devine, EPL Chairman and Chief Executive Officer. "An agreement with a company the caliber of DuPont underscores the high appeal of our technology in the film perforation marketplace." To service the U.S. market, EPL will install a new piece of proprietary gas-flame perforation equipment at EPL's recently acquired facility at Crystal Specialty Films, Inc., based near Chicago, IL. CONTACT: Lin Manelski DuPont Packaging Inc. (302) 774-0821 or Paul Devine EPL Technologies, Inc. (610) 834-9600 or John P. Kehoe/Van Negris Kehoe, White, Savage & Co. (212) 888-1616 |
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