Rheometric Scientific, Inc. Forms A Strategic Alliance To Market All Of Camtel Ltd's Instruments And To Secure An Exclusive Option To Acquire The Company In The Future.Business Editors PISCATAWAY, N.J.--(BUSINESS WIRE)--Jan. 30, 2001 Rheometric Scientific, Inc., Piscataway, NJ (RSI (Repetitive Strain Injury) Ailments of the hands, neck, back and eyes due to computer use. The remedy for RSI is frequent breaks which should include stretching or yoga postures. ) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :RHEM) announced today that it has signed an exclusive agreement to form a strategic alliance with Camtel Ltd. (CL) to be the sole marketer and distributor for all Camtel Ltd. instruments. In addition, under the terms of the agreement, Rheometric Scientific, Inc. has an exclusive option to acquire all the shares of Camtel Ltd. for the next 15 months for cash and shares of Rheometric common stock. CL based in Royston, UK and established in 1993, is a leading manufacturer of Interfacial Rheology and Contact Angle Tensiometry instrumentation instrumentation, in music: see orchestra and orchestration. instrumentation In technology, the development and use of precise measuring, analysis, and control equipment. , software and services. CL is also a recognized leader in the application of these techniques. CL's products are based on a proprietary technology for which CL has an application exclusive license. CL's interfacial rheology technology measures the stability of foams and emulsions. Interfacial tension Noun 1. interfacial tension - surface tension at the surface separating two non-miscible liquids interfacial surface tension surface tension - a phenomenon at the surface of a liquid caused by intermolecular forces and contact angle provides sophisticated information on the wetting properties of a liquid and its ability to adhere to adhere to verb 1. follow, keep, maintain, respect, observe, be true, fulfil, obey, heed, keep to, abide by, be loyal, mind, be constant, be faithful 2. a solid. Potential customers cover many fields from food, cosmetics, paints, pharmaceuticals, inks, household and personal care products. Manfred Herzog, Managing Director of Rheometric's European operations stated: "The alliance with Camtel Ltd. enables Rheometric to broaden its product range to embrace one of the newest technologies in the rheology field, in a matter of months". Carole Moules, Managing Director of Camtel Ltd., stated: "CL looks forward to the new opportunities presented through its alliance with Rheometric. Rheometric's 30-year presence in the physical properties and material characterization A rather long and fancy word for analyzing a system or process and measuring its "characteristics." For example, a Web characterization would yield the number of current sites on the Web, types of sites, annual growth, etc. instrumentation marketplace plus its worldwide infrastructure will permit us to better serve our customers with existing and new products and comprehensive technical support." Sources from the company indicated that this strategic alliance extends RSI's physical property measurement capability beyond rheology, viscosity and thermal analyses into new instrumentation areas in the material characterization market place. Details of the transaction (which is not material for financial reporting purposes) and financial information relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Camtel Ltd., which is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , were not disclosed. The Boards of Directors of both companies have approved this exclusive alliance and the future option to acquire Camtel Ltd. Rheometric Scientific, founded in 1970, manufactures instrumentation and provides laboratory services for material characterization. The Company's products and services are sold to numerous markets such as the petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. industry, academic and government research laboratories, and the food, pharmaceutical, biotechnology, and semiconductor industries worldwide. The Company is headquartered in Piscataway, New Jersey and has operations in the United Kingdom, Germany, France, Italy and Japan. More information about Rheometric Scientific can be found on the World Wide Web at www.rheosci.com; information about Camtel Ltd. can be found at www.camtel.co.uk. This press 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. , which are subject to inherent uncertainties when discussing future results. Various factors could cause the Company's actual experience as a result of the acquisition to differ materially from that anticipated. The Company assumes no obligation to update its forward-looking statements or advise of changes in the assumptions and factors on which they are based. |
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