GE Plastics to Test ExpressTool's New Mold Making Technology; Dramatic Reduction in Time, Cost.WARWICK, R.I.--(BUSINESS WIRE)--Aug. 11, 1998--Infinite Group, 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 :IMCI IMCI Integrated Management of Childhood Illness ) announced today that GE Plastics and ExpressTool of Warwick, RI, a 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. of Infinite Group, entered into an exclusive agreement to test ExpressTool's new proprietary mold making technology that will substantially improve the productivity of plastic injection molding injection molding n. A manufacturing process for forming objects, as of plastic or metal, by heating the molding material to a fluid state and injecting it into a mold. tools. The new technology, introduced in the fall of 1997, can reduce the molding cycle time of products by 20-30 percent by allowing the use of high productivity production inserts for molds. A key to the reduction in cycle time is the use of conformal con·for·mal adj. 1. Mathematics Designating or specifying a mapping of a surface or region upon another surface so that all angles between intersecting curves remain unchanged. 2. cooling, which removes heat from molds more efficiently and uniformly than conventional methods. The patent-pending technology utilizes a unique composite fabrication fabrication (fab´rikā´sh n the construction or making of a restoration. method, which reduces part cycles and minimizes distortion, thus reducing costs and improving accuracy. 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. Tom O'Connor Tom O'Connor (born October 31 1939, Bootle, Merseyside) is a British actor and comedian. He is best known for presenting game shows such as Crosswits, The Zodiac Game, Name That Tune and Gambit. Early life O'Connor attended St. , program leader for GE Plastics, "Joint testing with ExpressTool will benefit allinvolved. At our Polymer Processing Development Center, (PPDC PPDC Pesticide Program Dialogue Committee PPDC PNOC-Petrochemical Development Corp PPDC Pharmacy Partners in Diabetes Care PPDC Personal and Professional Development Center PPDC Plymouth Professional Development Centre (UK) ), we will be able to characterize tool life. We will also measure cycle time to help customers understand how to get their product to market more quickly and more cost effectively, which will benefit not only the OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and but the supplier as well." O'Connor added that, "Our main goal for this project is to validate and accelerate the commercialization of the ExpressTool process. We believe this technology has great potential and that, by exposing the tool to a wide range of tests, we will have better insight into its appropriate applications. It is our intention to share this knowledge on this capability with current and future GE customers." Tom McDonald, President of ExpressTool, said, "This is an exciting initiative for us. By working closely with GE Plastics, with their knowledge of engineering thermoplastics, we will be able to establish lifetime data for characteristics including long-term durability of the tool, temperature and injection pressure limits. GE's testing will validate what we have believed all along, that ExpressTool inserts will revolutionize molding technology. Also, GE's customer base will be able to utilize this to their competitive advantage." GE Plastics, headquartered in Pittsfield, MA, is a leading global manufacturer of high performance engineering thermoplastics. With manufacturing and marketing locations around the world, GE Plastics supplies a spectrum of high performance resins, as well as advanced copolymers, alloys, and composites for use in major markets such as automotive, computers, telecommunications, building and construction, lawn and garden, medical appliances and housewares house·wares pl.n. Cooking utensils, dishes, and other small articles used in a household, especially in the kitchen. . ExpressTool is a wholly owned subsidiary of Infinite Group, Inc., an industry leader in the areas of laser material processing, advanced manufacturing methods, high productivity production tooling and laser-applications technology. Infinite Group holds a thirty-four percent stake of Spectra Science Corp, and is its largest shareholder. This release contains "forward looking statements" based on current expectations but involving known and unknown risks and uncertainties. Actual results or achievements may be materially different from those expressed or implied. The Company's plans and objectives are based on assumptions involving judgements with respect to future economic, competitive and market conditions and future business decisions, all of these are difficult or impossible to predict accurately and many are beyond the control of the Company, therefore, there can be no assurance that the forward-looking statements will prove to be accurate.
CONTACT: ExpressTool GE Plastics
Tom McDonald Pam Wickham
401-737-7900 413-448-7698
tmcdonald@expresstool.com pam.wickham@gep.ge.com
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