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Eye Dynamics Reports Governmental Talks Regarding Acceptance of EPS-100.


TORRANCE, Calif.--(BUSINESS WIRE)--June 3, 1999--

Charles Phillips Charles Phillips refers to:
  • Charles Phillips (American football player)
  • Charles Phillips (businessman)
  • Charles Phillips (figure skater)
  • Charles Phillips (archaeologist)
, president of Eye Dynamics Inc. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB:EYDY), Thursday announced that talks have been held at significant government levels concerning possible acceptance of its EPS-100 System.

These talks are part of the company's aggressive presentment presentment: see indictment.  of the product to encourage and accelerate adoption of the EPS-100 by relevant government agencies. The EPS-100 is used to detect impairment Impairment

1. A reduction in a company's stated capital.

2. The total capital that is less than the par value of the company's capital stock.

Notes:
1. This is usually reduced because of poorly estimated losses or gains.

2.
 of a person's visual motor system, as is typically caused by excessive use of alcohol and other substances, both legal and illegal. The company is seeking mandatory acceptance of the EPS-100 by various testing authorities.

The overall potential market for the EPS-100 is estimated at $3 billion annually. The law enforcement testing market, estimated at $1 billion, centers around drunk driving, which accounts for about one-half of the 45,000 annual traffic fatalities. And with 10 percent of the U.S. workforce testing positive for substance abuse according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the Department of Labor, the U.S. corporate/industrial testing market is estimated at $2 billion.

To address these problems, the company believes that the EPS-100 possesses important and superior features -- is faster, cheaper and non-invasive -- relative to traditional substance abuse tests. These attributes were demonstrated in independent tests in 1997 conducted through Battelle (a research institute) and funded by the Transportation Research Board, where the detection accuracy rate of the EPS-100 far outperformed four competitive systems.

Eye Dynamics is in the business of producing and marketing patented proprietary products and other services for the institutional, medical and government markets. The company's Web site can be found on the World Wide Web at EDI-VNG.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. .
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jun 3, 1999
Words:270
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