Printer Friendly

LASERTECHNICS ANNOUNCES AWARD OF A $400,000 GRANT TO ITS FRENCH AFFILIATE, PRINTIS SARL FROM THE FRENCH GOVERNMENT

 LASERTECHNICS ANNOUNCES AWARD OF A $400,000 GRANT TO ITS
 FRENCH AFFILIATE, PRINTIS SARL FROM THE FRENCH GOVERNMENT
 ALBUQUERQUE, N.M., Aug. 5 /PRNewswire/ -- Lasertechnics (NASDAQ: LASX) announced today that its 43 percent owned affiliate, Printis SARL of Paris, has been awarded a grant totaling 2 million French francs (approximately $400,000) by the French Ministry of Industry.
 Jean-Luc Poutchnine, chairman of Printis, stated that the grant would be used to help complete the development of the StarBurst dual- mode color printer that is currently in pre-production prototype stage. The grant indicates the French government's commitment to the dual mode color technology and its belief in the world-wide market potential for this exciting new product.
 In making this announcement, Louis F. Bieck, Jr., president of Lasertechnics, stated "This vote of confidence from the French administration supports our conviction that the StarBurst technology will have a major impact on the color hardcopy market. The dual mode concept permits this unique printer to address a wider range of applications in this burgeoning $2.1 billion market and to help those as of yet undefined uses become a reality."
 Lasertechnics also manufactures pulsed-CO2 laser marking systems.
 -0- 8/5/92
 /CONTACT: Louis F. Bieck, Jr., president & CEO of Lasertechnics, 505-822-1123/
 (LASX) CO: Lasertechnics ST: New Mexico IN: CPR SU:


SM-LR -- NY026 -- 6997 08/05/92 10:19 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 5, 1992
Words:225
Previous Article:FAMILY OF AMERICAN RACE WALKER SHARES THEIR OWN 'TRIALS' IN MCI TELEVISION COMMERCIAL
Next Article:MICRO HEALTHSYSTEMS REPORTS RECORD FIRST QUARTER REVENUE AND EARNINGS
Topics:


Related Articles
LASERTECHNICS PLANS TO ACQUIRE EQUITY POSITION IN PRINTIS SARL
LASERTECHNICS COMPLETES INVESTMENT IN PRINTIS SARL OF PARIS
LASERTECHNICS, INC. REPORTS RESULTS FOR 1992
/C O R R E C T I O N -- LASERTECHNICS, INC./
LASERTECHNICS ANNOUNCES FORMATION OF NEW IMAGING COMPANY
LASERTECHNICS INC. ANNOUNCES ACQUISITION OF MITC ASSETS BY SUBSIDIARY
LASERTECHNICS REPORTS EARNINGS FOR THIRD QUARTER
SANDIA IMAGING SYSTEMS SIGNS LETTER OF INTENT TO ACQUIRE REMAINING 57 PERCENT OF PRINTIS SARL
LASERTECHNICS INC. ANNOUNCES FINANCING
LASERTECHNICS UNIT NAMES EUROPEAN HEAD AS NEW CEO

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters