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MIKRON CONCLUDES MAJOR STOCK PURCHASE, TRADING AND TECHNOLOGY TRANSFER AGREEMENTS WITH JAPANESE COMPANIES

 MIKRON CONCLUDES MAJOR STOCK PURCHASE, TRADING AND TECHNOLOGY
 TRANSFER AGREEMENTS WITH JAPANESE COMPANIES
 WYCKOFF, N.J., April 20 /PRNewswire/ -- Mikron Instrument Company of Wyckoff, and Chori Co., Ltd., and Anritsu Meter Company, both Japanese companies, announced jointly today that Chori and Anritsu have together purchased 500,000 shares of Mikron common stock for $2 per share and warrants to purchase another 500,000 shares, exercisable at $2 per share. The proceeds from the initial purchase will be used by Mikron for improving manufacturing facilities and for research and development.
 Their agreement also contemplates technology transfers between Mikron and Anritsu, cross-licensing of each other's infrared technology, cross-distributorships between Mikron, Chori and Anritsu and an agreement with an affiliate of Chori to collect payments arising out of Mikron's foreign sales. Mikron and Anritsu also envision the joint development of new products.
 Mikron is a leading innovator and manufacturer of non-contact temperature measuring instruments and sensors using passive infrared technology. Chori is a leading Japanese trading company with worldwide offices exporting and importing equipment, machinery, food, textiles and chemicals. Anritsu manufactures contact temperature measuring probes and instruments.
 For information, write Mikron Instrument Company, Inc., 445 West Main St., Wyckoff, N.J., 07481, or telephone, 201-891-7330.
 -0- 4/20/92
 /CONTACT: K. Irani, vice president of Mikron Instrument Company, 201-891-7330/ CO: Mikron Instrument Company ST: New Jersey IN: SU:


CK-OS -- NY054 -- 0073 04/20/92 12:45 EDT
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Publication:PR Newswire
Date:Apr 20, 1992
Words:234
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