Rainbow Technologies Participates in Unveiling of QMT's Ion Beam Technology by Senator Pete Domenici.IRVINE, Calif.--(BUSINESS WIRE)--Oct. 16, 1997--Rainbow 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 :RNBO), one of the world's leading developers and suppliers of software protection and application development solutions, participated in the unveiling of Quantum Manufacturing Technologies' Ion Beam Noun 1. ion beam - a beam of ions moving in the same direction at the same speed ionic beam particle beam - a collimated flow of particles (atoms or electrons or molecules) Surface Treatment facility (QM1) in Albuquerque, N.M., on Oct. 15. QMT QMT Quilted Maple Top QMT Memorized List (File Name Extension) QMT Quality Management Team QMT Queen's Musical Theatre QMT Quality Measuring Tool QMT Quicken Memorized List QMT Quarter Mile Thunder (song) is commercializing technology originally developed at Sandia National Laboratory, New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). . In a program sponsored by Senator Pete Domenici Persondata NAME Domenici, Pietro Vichi ALTERNATIVE NAMES Pete Domenici SHORT DESCRIPTION United States Senator from New Mexico DATE OF BIRTH May 7, 1932 PLACE OF BIRTH Albuquerque, New Mexico DATE OF DEATH PLACE OF DEATH Pietro Vichi "Pete" Domenici , government developed technology is making its way to the commercial marketplace. Senator Domenici made the introduction of the new technology and treatment center to the media. Walter Straub, president and chief executive officer of Rainbow Technologies, who's company has been a major investor in QMT, was in attendance for the festivities fes·tiv·i·ty n. pl. fes·tiv·i·ties 1. A joyous feast, holiday, or celebration; a festival. 2. The pleasure, joy, and gaiety of a festival or celebration. 3. . QM1 is designed to produce 5 billion watt ion beam pulses lasting less than a half of a millionth of a second. These intense ion beam pulses transform the surfaces of materials, making it possible to significantly extend the lifetime of critical components in industries ranging from tools and dies to automotive and aerospace. QM Technologies was founded in February 1995 to mature and commercialize a new technology, Ion Beam Surface Treatment (IBEST IBEST Integrated Basic Education and Skills Training ). The new QM1 facility will provide the first commercial IBEST capability and will be used to treat customer material and demonstrate the ability of IBEST technology to make surfaces harder, tougher, and more resistant to corrosion and wear. "This is something very big for our state and very important for our nation. If we can't take a National Laboratory and permit it to partner and cooperate in areas where it has the expertise, then obviously we're missing the boat. The kind of things we're doing are probably going to produce the kind of technology in our future, the likes of which were not seen before ... meeting the technology needs of our country," said Senator Domenici. "Our participation in QMT is consistent with Rainbow's commitment to seek out unique technology that has the potential of becoming the worldwide leader in its industry," said Straub. "Rainbow has made an equity investment in QMT and is happy to participate in this celebration." QMT has been honored by American Machinist Magazine as one of the "Five best bets for the machine tool industry ... that will likely have significant relevance in shaping the future of machine tool technology." Rainbow Technologies, founded in 1984, is the world's leading developer, manufacturer and supplier of software protection products and encryption technology. Mykotronx, a subsidiary of Rainbow, is a leader in secure communication and cryptographic products for U.S. government agencies and the commercial marketplace. With headquarters in California, Rainbow has offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , United Kingdom, France, Germany, China, and Russia, and a worldwide network of authorized distributors. Rainbow is ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 certified. For all current product and financial information, visit the company's Web site at www.rainbow.com . -0- The statements made in this news release could be forward looking statements based on expectations that involve a number of risks and uncertainties. The factors that could cause actual results to differ materially include the following: economic conditions and growth in the personal computer hardware and software industry; competitive factors and pricing pressures; changes in product mix; the timely development and acceptance of new products; changes in government procurement; and the risks described from time to time in the company's SEC reports, which include the Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . CONTACT: Rainbow Technologies Inc., Irvine Ann Jones, Manager Investor Relations Investor relations The process by which the corporation communicates with its investors. 714/450-7350 Fax: 714/753-9507 E-mail: ajones@rainbow.com Web Site: http://www.rainbow.com |
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