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OSMC ANNOUNCES LICENSE FROM PHILIPS ELECTRONICS N.V.

 TROY, Mich., Jan. 5 /PRNewswire/ -- Ovonic Synthetic Materials Company, Inc. (OSMC) announced today that it has received a worldwide license from Philips Electronics N.V. for patented technology related to a new class of lower-cost, higher-performance rapidly solidified permanent magnet materials.
 OSMC is a pioneer in the field of engineered materials produced by rapid solidification and vacuum deposition processes. These rapidly solidified materials are used in the production of bonded magnets and the other materials are used to reflect x-rays and neutrons in vacuum spectrometers, monochromaters, x-ray telescopes, x-ray microscopes, x-ray lithography systems, neutron polarizers, and neutron waveguides.
 -0- 1/5/93
 /CONTACT: Jim Flasck of Ovonic Synthetic Materials, 810-362-1290/


CO: Ovonic Synthetic Materials Company, Inc.; Philips Electronics N.V. ST: Michigan IN: SU:

TO -- DE044 -- 9510 01/05/94 17:12 EST
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Publication:PR Newswire
Date:Jan 5, 1994
Words:133
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