................PRESS REALEASE.............
June 12, 1997
The Eclipse Manufacturing Facilities Commences Production in Chicago
For immediate release, June 12, 1997, Chicago, IL: IAS
Communications, Inc. (Symbol NASDAQ OTC BB IASCA) and
Emergent Technologies Corporation, have launched a joint venture to
manufacture the Contrawound Toroidal Helical Antenna (CTHA) in
response to serious industry interest in the technology. Our joint
venture company, The Eclipse Antenna Manufacturing Company
(TEAM), has just received its first order from a company that is a
leader in the automatic meter reading industry.
TEAM will manufacture this industrial order in its newly acquired
facilities in Chicago. The customer will use the first production batch
of one thousand antennas in pilot meter reading systems in a number
of US areas. Our customer projects that, following the introductory
period, it will require as many as one million CTHAs annually for a
ten-year period; the Agreement includes options for production batches
of up to 250,000 units.
This Agreement follows extensive testing of the CTHA by the
customer under actual operating conditions. The customer believes that
the impressive performance from such a small antenna will provide a
unique competitive advantage in the marketplace. It has been agreed
that the customer's name will not be released while the company
exploits this advantage during the market penetration phase and its new
line of remote meter reading systems.
IAS/TEAM anticipates that this is the first of many such orders, and
they are completing the development of a new antenna test range to
accommodate the requirements of their potential customers. This
range, which will be fully operational by mid-June, is located in West
Virginia in close proximity to the West Virginia University (WVU),
whose Center for Industrial Research Applications (CIRA) invented
the CTHA. The combination of a state-of-the-art test range near a
nationally recognized research facility capable of modelling and
predicting antenna performance promises quick and efficient response
to customer demand.
Currently, we are conducting negotiations with four other potential
customers; the new range and manufacturing capability are expected to
hasten the completion of these contracts. Each of these customers
represents a different application for the CTHA, thus providing an
increasing number of CTH Antenna applications and an increasing
customer base.
The CTHA's exceptional appeal results from its small size and flexible
structure, which enable IAS's customers to offer more efficient and
competitive products to their customers. Considering the market size
and huge growth in demand for smart meter reading systems, this first
order is an excellent start for the company in this area. The current
negotiations with other clients promise similar results for other market
areas.
TEAM is 50% owned by IAS Communications, Inc. and 50% by
Integral Technologies. Both Companies will pay the manufacturing
company the total costs plus a 30% premium for each CTHA
manufactured for the customers.
The profits after the manufacturing costs will go to IAS for the World
Wide Commercial applications and to Integral for Military/Government
orders. IAS Communications and TEAM are negotiating and working
with several other large corporations in the Wireless Communications
Business to complete additional orders for the CTH Antenna.
ON BEHALF OF THE BOARD OF DIRECTORS
(signed)
John G. Robertson
President |
