Constellation 3D Announces Cooperative Development and Licensing Agreement With Warner Advanced Media Operations (WAMO)
NEW YORK--(BUSINESS WIRE)--July 16, 2001--
Founding member of DVD Consortium to co-develop
Fluorescent Multilayer Disk manufacturing process
Constellation 3D, Inc. ("C3D") (Nasdaq/NMS: CDDD), developer of Fluorescent Multilayer Discs (FMD) and Cards (FMC), today announced that the Company has signed a Cooperative Development and Licensing Agreement with Warner Advanced Media Operations (WAMO), a business unit of WEA Manufacturing Inc., a subsidiary of AOL Time Warner, to co-develop, cross license and manufacture high density Fluorescent Multilayer ROM media.
Steve Haddad, Senior Vice President, Business Development and Marketing of Constellation 3D, stated, "This is an extremely significant event in the execution of Constellation's partnership strategy. WAMO is the pioneer of DVD manufacturing and an innovator of manufacturing processes. Having been at the forefront in driving the acceptance and standardization of DVD in the marketplace and having been the first to produce DVD for both US and International markets, the value that WAMO will bring to the Fluorescent Multilayer Disk initiative as an early adopter is unquestionable. As the market leader in ROM Media manufacturing, WAMO's core competencies will be maximized by C3D to every extent possible."
"This agreement, in conjunction with the work already done in the past and ongoing with Plasmon, well positions the commercialization aspects of Constellation 3D's technology moving forward" stated Haddad.
Constellation 3D, Inc.
The Company is the worldwide leader in the development of high capacity Fluorescent Multilayer Disc and Card (FMD/C) technology. Constellation 3D holds or has made applications for over 120 worldwide patents in the field of optical data storage, and is supported by 65 scientists. Headquartered in New York City, the Company has additional offices and laboratories in Massachusetts, Texas, Israel and Russia. More information is available at www.c-3d.net.
Safe Harbor Statement
Statements contained in the news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements as "the value that WAMO will bring to the Fluorescent Multilayer Disk initiative as an early adopter is unquestionable. As the market leader in ROM Media manufacturing, WAMO's core competencies will be maximized by C3D to every extent possible" are subject to risks and uncertainties including competition, ongoing discussions with product and equipment manufactures, and technological advances, and "Risk Factors" as stated in recent SEC filings, which may cause actual results to differ materially from expected results.
CONTACT:
Constellation 3D, Inc.
John Ellis, 978/371-7787
marketing@c-3d.net
or
Investor/ Broker Inquiries:
FOCUS Partners LLC
Bradley Meyer/Harvey Goralnick, 212/752-9445
investors@c-3d.net
KEYWORD: NEW YORK
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