Anyone home? Just saw a trade go by on CNBC for 5, up 1 11/16. I'm in at 2.18:
ROBO : ESHED ROBOTEC 1982 LTD (NASDAQ)
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Eshed Robotec (1982) Limited Announces That its New Subsidiary MEMCALL Files for Memory Technology Patent
ROSH HAAYIN, Israel, Feb. 29 /PRNewswire/ -- Eshed Robotec (1982) Ltd. the "Company") (Nasdaq: ROBO), a company whose shares are traded both on Nasdaq (ROBO) and on the Tel Aviv Stock Exchange, hereby announces that it has incorporated a subsidiary company -- MEMCALL INC. -- in the United States. MEMCALL filed yesterday (Feb 28, 2000), a patent application for a new computer memory technology -- CALL OUT MEMORY (COM).
This new technology, if proven successful, may drastically reduce search time for data in computer memory and in databases on Internet servers, network servers and Internet search engines. The advantage of this technology is that while seeking information, the correct memory cell can be reached directly, as opposed to most of the current existing technologies which search many irrelevant memory cells in each memory search -- a process which entails a lot of computer time. Other smart memory technologies are available but are limited in their capacity. MEMCALL's technology may solve this memory size limitation, and may enable the manufacture of modular memory components with larger capacities, similar to those of regular memories.
The technology may be applicable to a wide range of computer systems -- personal computers, Internet servers, communication network servers, Internet search engines and database management systems. The technology may be used in the manufacture of electronic memory chips of various memory capacities.
MEMCALL will shortly commence the development of memory circuit prototypes based on this new technology, in order to check its applicability and its advantages over existing technologies. No assurance can be given that this technology will be proven successful.
The Company
Eshed Robotec (1982) Ltd. is one of the world leaders in the field of technological education serving technical schools, universities and industry. The Company designs, manufactures, markets and supports a complete range of solutions for teaching subjects in the field of Automated Manufacturing Technologies. These products include software and hardware for courses in robotics, Computer Integrated Manufacturing and other subjects. In addition the Company is a promoter of new startups in the technological and the Internet fields.
Safe Harbor Statement
To the extent that this press release discusses expectations about market conditions or about market acceptance and future sales of the Company's products, or otherwise makes statements a about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause results to differ materially from the statements made. These factors include the rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate, risks associated with the acceptance of new products by individual customers and by the market place and other factors discussed in the business description and management discussion and analysis sections of the Company's Annual Report on Form F-20.
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SOURCE: Eshed Robotec (1982) Ltd.
CONTACT: Noam Kra-Oz of Eshed Robotec (1982) Ltd., 972-3-900-4-101
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