Toolex International N.V. and Constellation 3D Inc. to Enter Into a Strategic Alliance.Business Editors EINDHOVEN, The Netherlands--(BUSINESS WIRE)--Dec. 11, 2000 Toolex International N.V. (AEX AEX See: Amsterdam Exchange :TLXI; Nasdaq:TLXAF) and Constellation 3D Constellation 3D (C3D or CDDD)[1] was a company developing a new optical medium; the Fluorescent Multilayer Disc and Card (FMD/C).[2][3][4] Inc. ("CDDD CDDD Customer Desired Due Date CDDD Construction and Demolition Diversion Deposit CDDD Component Detailed Design Document ") Inc. announced today that they are in the final stage of negotiations to enter into wide scope alliance to co-develop the manufacturing processes and associated equipment for production of optical data storage media incorporating CDDD's fluorescent Multi-layer Disc (FMD FMD foot-and-mouth disease. ) and Card technology. Industrialisation Noun 1. industrialisation - the development of industry on an extensive scale industrial enterprise, industrialization manufacture, industry - the organized action of making of goods and services for sale; "American industry is making increased use of of multi-layer disc systems and optical cards using the FMD technology requires out-development of several media production processes. Among them are thin layer technologies, embossing embossing, process of producing upon various materials designs or patterns in relief by mechanical means. The material is pressed between a pair of dies especially adapted to its hardness and the depth of the design needed. thin layers or sheets, pit filling technologies, thin layer and sheet handling, moulding and assembling. The agreement is envisaged to combine CDDD's expertise in the development of FMD technology with Toolex's industrial leadership in the development and industrialization industrialization Process of converting to a socioeconomic order in which industry is dominant. The changes that took place in Britain during the Industrial Revolution of the late 18th and 19th century led the way for the early industrializing nations of western Europe and of processes and equipment for manufacturing of optical storage media. CDDD and Toolex will develop the processes and equipment to be used by manufacturers of optical data storage devices in the production of FMD media, with the intention of facilitating the commencement of large-scale industrial production of FMD media within 18 months. This alliance will implement specific development plans as well as embody specific partnerships in achieving the appropriate industrial and marketing base for the FMD concept. Toolex' new President & 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. Leon Giesen said: "This optical technology is, among other technologies, one of the contenders for going to next generation high volume data distribution and storage systems. All these technologies require new thin film and thin layer production technologies for their media. Given the status of the FMD concept, we decided to intensify our partnership with CDDD towards an alliance". CDDD President & CEO Professor Eugene Levich said, "This agreement will mark the beginning of the next phase towards the industrialization of FMD devices. It also finalizes a period in which the parties have evaluated other combinations to strengthen this program". This press release contains certain 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. and information relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the future operations of Toolex International, that are based on the beliefs of Toolex management as well as assumptions made by and information currently available to Toolex. When used in this document, the words "anticipate", "believe", "estimate" and "expect" and similar expressions, as they relate to Toolex International, or their respective management, are intended to identify forward-looking statements. Such statements reflect the current views of Toolex with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance and achievements that may be expresses or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, introduction of competing products by other companies, lack of acceptance of new products by Toolex' International's targeted customers, changes in business strategy and various other factors, both referenced and not referenced in this press release. Should one or more risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected. |
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