Rainbow invests in new technology.IRVINE, Calif.--(BUSINESS WIRE)--March 7, 1996--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) Wednesday announced it has entered into an agreement to acquire up to 58% of Quantum Manufacturing Technologies Inc. ("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) ") of Albuquerque, N.M. QMT has recently obtained the exclusive world-wide license from Sandia National Laboratories Sandia National Laboratories, which is managed and operated by the Sandia Corporation (a wholly owned subsidiary of Lockheed Martin Corporation), is a major United States Department of Energy research and development national laboratory with two locations, one in Albuquerque, New for the commercial use and exploitation of patented pulsed power Pulsed power is the term used to describe the science and technology of accumulating energy over a relatively long period of time and releasing it very quickly thus increasing the instantaneous power. ion beam surface treatment technology known as "IBEST IBEST Integrated Basic Education and Skills Training ". IBEST technology benefits and enhances the durability and utility of a large number of industrial and consumer products at relatively low cost and without creating any impact on the environment. IBEST is capable of improving the surface qualities of metals, ceramics, polymers and glass. Initial tests on metal and ceramic surfaces treated with IBEST have shown that surfaces become harder, smoother, microscopically crack-free, and less susceptible to corrosion. QMT expects that tests on polymer surfaces will show that polymer surfaces can be treated to become harder, more receptive to inks and dyes, and less porous, and that glass surfaces treated with IBEST become smoother and crack-free. IBEST has and is currently being applied to materials submitted for testing by several Fortune 100 companies that see the benefits of IBEST. "Our participation in QMT is consistent with Rainbow's commitment to seek out unique technology that has the potential of becoming the world-wide leader in its industry," said Walter Straub, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Rainbow. 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. Rainbow was recently recognized by Forbes magazine as one of The Best Small Companies in America and in SmartMoney Magazine as one of the Seven Stocks for the Next Decade. 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. CONTACT: Rainbow Technologies Ann Jones, 714/450-7350 ajones@rnbo.com http://www.rnbo.com |
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