Advanced Optics Electronics Announces Final Beta Testing Phase of Electro-OpticTechnology
Wed May 31 11:14:00 EDT 2000
ALBUQUERQUE, N.M., May 31, 2000 (BUSINESS WIRE) -- Advanced Optics Electronics
Inc. (OTCBB:ADOT) today announced that the Company has entered the final stage
of beta testing for development and production of its proprietary electronic
flat panel displays to be used for advertising billboards. Management for
Advanced Optics Electronics believes the proprietary product line will create
not only increase revenue streams for the Company, but create an entirely new
market segment for the outdoor advertising industry where multiple ads can be
displayed and changed.
"Our goal is to create a product line based on technology that is scalable both
in terms of size and resolution to meet a wide range of requirements related to
site, economics and use from our potential customers. The major advantages of
our flat panel displays are viewing quality, affordability, customer system
integrity, and remote change in seconds to reduce advertising site maintenance
and increase revenues. We also plan the development of a leasing program and an
Owned & Operated group" stated key management from the Company. A complete
Corporate profile for Advanced Optics Electronics may be found at
smallcapnewswire.com.
About Advanced Optics Electronics
Advanced Optics electronic is a developer of patented electronic display
technology utilizing its proprietary SLM (Spatial Light Modulator) light valve.
This industry-leading technology can be utilized in many diverse fields
including the production of "television quality" advertising billboards, medical
testing equipment, military displays, computer monitors and high definition
video transmission.
In addition to the core business of ADOT, the Company has identified and placed
a strategic and high potential return investment in a privately held company,
BioModa Inc. The biotech company holds patents pending domestically and
internationally in the technology for early detection of lung cancer. ADOT
currently holds approximately 21 percent of BioModa Inc.
The Albuquerque, New Mexico based company maintains an R&D facility and
manufacturing plant, where it is engaged in the development, production and
sales of its novel and innovative flat panel displays utilizing ADOT's patented
technology. Established in 1996, the Company's initial product, scheduled for
delivery late this year, is targeted at the outdoor advertising industry.
Replacing static billboards, the cutting edge product will provide flat panel
displays with crisp, flicker - free images. ADOT's turnkey package manages
billboard graphics from a remote access terminal, enabling advertisers to sell
billboard time as they would radio or TV ads.
This news release contains forward-looking statements with respect to the
results of operations and business of the company that involves risk and
uncertainties. The company's actual future results could materially differ from
those discussed. Risks and uncertainties of the company will be detailed from
time to time in the company's periodic reports to be filed with the Securities
and Exchange Commission.
CONTACT: Market Voice, Boca Raton, Fla.
B. Michael Friedman, 561/995-1482
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