Advanced Deposition Technologies, Inc. Sells Technology License to FCP in Bremen, Germany
Two New Microwave Products Are Commercialized
TAUNTON, Mass., Oct. 4 /PRNewswire/ -- Advanced Deposition Technologies, Inc. (A.D.TECH) (Nasdaq: ADTC) (BSI: DTI) announced today the expansion of its technology licensing agreement with FCP (Flexible Carton Partners) in Bremen, Germany to include flexible packaging. The agreement is in addition to the license sold to FCP in 1998 for rigid carton applications. This license from A.D.TECH allows FCP to use the Company's Safety Susceptor(R) patented products in the packaging and distribution of its pizza, french fries, pastry, popcorn, breads and meat products within several countries in Europe.
Additionally, A.D.TECH announced that two of its new microwave products are now being sold commercially in the United States and the United Kingdom. In the United States, the Company's Safety Susceptor(R) product is being used exclusively by Weaver Popcorn, one of the country's largest microwave popcorn manufacturers.
In the United Kingdom, A.D.TECH and its affiliates are selling patented and patent pending microwave paperboard trays to United Biscuits for its microwave pizza packaging. United Biscuits is one of the country's largest food companies. These new paperboard trays provide superior browning and crisping of pizzas and utilize A.D.TECH's patented Safety Susceptor(R). Rick Cowen, A.D.TECH's Vice President of Microwave Sales, stated, "These new products for pizza provide significant improvements for microwave heating. In the immediate future we will expand our customer base in Europe and begin to market these new products in the United States where pizza is one of the largest microwave frozen foods."
A.D.TECH is a technology and market leader for metallized thin films, coatings and components thereof. Currently, the Company has primary product divisions in markets for electronic capacitors and microwave food packaging. The Company either owns or has licenses to more than 36 patents and 10 patents pending. On a selective basis the Company has licensed its proprietary thin film technologies and patents to market share leaders who can accelerate the revenue and earnings growth of A.D.TECH's unique products and technologies into larger scale commercialization.
To receive A.D.TECH's latest news and other corporate documents via fax at no cost, call 800-PRO-INFO; use the Company's symbol, ADTC. Or visit A.D. TECH's web site at www.adv-dep.com , or The Financial Relations Board's web site at www.frbinc.com .
Any forward-looking statements in this release are made pursuant to the "safe-harbor" provision of the Private Securities Litigation Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, new products and technological changes, dependence upon third-party vendors, a limited number of customers, political and other uncertainties related to customer purchases, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission.
SOURCE Advanced Deposition Technologies, Inc.
/CONTACT: Glenn J. Walters, Chief Executive Officer of Advanced
Deposition Technologies, 508-823-0707; or Susan Jayson, General Info,
or John McNamara, Analyst Info, or David E. Closs, Media Info, all of
Financial Relations Board, 212-661-8030, for Advanced Deposition Technologies/
/Web site: frbinc.com
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