Metrologic Instruments and Matsushita Inter-Techno, a Panasonic Company, Enter Exclusive Sales Agreement for Holotrak Products in Japan.BLACKWOOD, N.J.--(BUSINESS WIRE)--Sept. 8, 1997--Metrologic Instruments, Inc. (The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. : 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. , and Matsushita Inter-Techno Co ("MITC MITC Maine International Trade Center MITC Manufacturing Information Technology Center (University of Alabama) MITC Mendenhall Information Technology Center "), a company of the Panasonic Corporation of Japan, executed a sales agreement for the exclusive sale of Metrologic's HoloTrak(TM) holographic bar code scanners in Japan. C. Harry Knowles, President of Metrologic, commented "This agreement with MITC forms part of Metrologic's strategy to increase HoloTrak sales by forming key strategic relationships with industry market leaders. I believe the combination of MITC's market leadership in Japan and Metrologic's technical leadership in holographic scanning will broaden the potential end-user applications of HoloTrak. Japan is an important market for industrial automation and we value a prestigious Japanese partner such as Matsushita." Tetsuya Oka, President of MITC, commented "We are excited about this agreement with Metrologic. Metrologic's advanced technology in holographic scanning offers omnidirectional In all directions. For example, an omnidirectional antenna can transmit or receive signals in all directions. Contrast with directional. See RF. high-speed scanners that will enhance our bar code product line and provide our customers with an innovative scanning solution for their applications. We believe there are many opportunities for the HoloTrak scanners in the Japanese market." Metrologic's HoloTrak(TM) scanner is a high speed, omnidirectional, long depth of field industrial bar code scanner that utilizes proprietary holographic technology to scan and read bar codes. The holographic optical technology provides a high degree of accuracy and the various HoloTrak models have scanning speeds up to 7,350 scan lines per second. The use of multiple focal planes permits patterns of up to 80 interlocking interlocking /in·ter·lock·ing/ (-lok´ing) closely joined, as by hooks or dovetails; locking into one another. interlocking Obstetrics A rare complication of vaginal delivery of twins; the 1st scan lines to scan bar codes at up to two meters from the scanner face. Furthermore, HoloTrak's proprietary design, which utilizes a holodisc instead of conventional rotating polygons, provides superior performance at a very competitive price. Metrologic designs, manufactures and markets bar code scanning products incorporating laser and holographic technology. Metrologic's principal products are hand-held scanners, fixed projection scanners and industrial scanners. Metrologic ships its products into more than 80 countries. This news release contains 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 may cause the results to differ from these expectations include, but are not limited to, the following: competitive factors and pricing pressures; technological changes in the scanner industry; availability of patent protection for Metrologic's holographic scanners and other products; the foreign exchange rate between the US dollar and the yen; and general economic conditions. CONTACT: For more 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. information regarding HoloTrak contact: Mr. Mark Schmidt Mark Schmidt is the head men's basketball coach at St. Bonaventure University. Previously, he held the same position at Robert Morris University. • • , Marketing Manager Marketing Department (609-228-8100) or For more MITC information contact: Mr. Shinichiro Sawa Computer Products Division 81-3-3533-0271 |
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