Metrologic Announces Formation of Joint Venture in France to Increase Presence in Retail and Industrial Markets.Business Editors BLACKWOOD, N.J.--(BUSINESS WIRE)--July 26, 2000 Metrologic Instruments Metrologic Instruments is an automated identification and data capture (AIDC) company headquartered in Blackwood, New Jersey. Metrologic Instruments designs, manufactures and markets bar code decoding hardware, adaptive optical solutions and high-speed image processing , Inc. ("Metrologic") (NASDAQ-NMS: MTLG), a leading manufacturer of laser and holographic See holographic storage. bar code scanners A device specialized for reading bar codes and converting them into either the ASCII or EBCDIC digital character code. Pen scanners, also known as wand scanners, were the first type of bar code scanner developed in the 1970s. , today announced the formation of Metrologic Eria France S.A., a joint venture between Metrologic's European subsidiary, Metrologic Instruments GmbH, and Eria Instruments S.A. ("ERIA"), a reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. located in Liege liege In European feudal society, an unconditional bond between a man and his overlord. Thus, if a tenant held estates from various overlords, his obligations to his liege lord, to whom he had paid “liege homage,” were greater than his obligations to the other , France. With the establishment of this local presence, Metrologic intends to maximize sales of its expanding line of products in the retail and industrial sectors of France. This joint venture is the latest in a series of major developments that have taken place this year, including the formation of a joint venture in January 2000 between Metrologic Instruments GmbH and ERIA's company located in Spain. This joint venture follows other recent developments in Europe, including the formation of Metrologic Instruments UK Limited, and the appointment of InCom Norge AS as sole distributor in Norway. Metrologic will have a 51% ownership interest in the joint venture company, which has 15 employees and is based close to Charles de Gaulle Airport, just north of Paris. "During the past five years ERIA has sold Metrologic products exclusively and proven to be a valuable asset to our company in France," explains Benny Noens, Vice President of European Sales and Managing Director of Metrologic GmbH. "Last January Metrologic and ERIA formed a joint venture company, Metrologic Eria Iberica S.L., in Spain. This joint venture in France has been handled in similar fashion, with similar intent to grow our business, expand our customer base and participate more aggressively in the French market through our existing distribution channel." Mr. Noens continued, "We hope that existing customers of ERIA and Metrologic will now be serviced even more efficiently, and ERIA's customers in France will now have access to the considerable technical resources available from our European headquarters in Puchheim, near Munich, Germany." Fabrice Coevoet, founder of ERIA Instruments S.A., has assumed the position of Director General of Metrologic Eria France S.A. "I am confident that the unification (programming) unification - The generalisation of pattern matching that is the logic programming equivalent of instantiation in logic. When two terms are to be unified, they are compared. of our companies will allow us to further penetrate the market while offering our customers the best possible service." Metrologic is a leading innovator of bar code scanners featuring infrared An invisible band of radiation at the lower end of the visible light spectrum. With wavelengths from 750 nm to 1 mm, infrared starts at the end of the microwave spectrum and ends at the beginning of visible light. automatic turn-on technology and CodeGate(R) data transmission technology, and the only company manufacturing HoloTrak(R) holographic bar code scanning systems. Metrologic designs, manufactures and markets hand-held, presentation and in-counter scanners for retail and commercial scanning applications, miniature scan engines for use by original equipment manufacturers, and high-speed industrial scanning and information processing information processing: see data processing. information processing Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations. systems that combine bar code scanning with dimensioning, weighing, and tracking of packages. The company's products are sold in more than 90 countries worldwide through Metrologic's sales, service and distribution offices in North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Europe and Asia. The discussion in this news release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. based on current management expectations. Factors which would cause the results to differ from these expectations include the following: competitive factors (including the results of the company's new marketing efforts) and pricing pressures; general economic conditions, including those in France; foreign currency fluctuations with the U.S. dollar; political and financial stability in France; and the ability to integrate and expand marketshare in France; sales cycles of Metrologic's products; and the timing, introduction and market acceptance of Metrologic's new products; technological changes in the scanner (1) See also antivirus program. (2) An optical device that reads a printed page or transparency and converts it into a graphics image for the computer. The scanner does not recognize or differentiate in any manner the content of the material it is scanning. industry, specifically holographic scanners; availability of patent protection for Metrologic's holographic scanners and other products. For additional factors, please see the company's reports filed with the Securities and Exchange Commission. |
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