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Gold/Mining/Energy : ADI TECHNOLOGIES ( ADH-VSE mpeg compression technology)
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To: ChainSaw who wrote (3)8/26/1997 1:43:00 PM
From: tom   of 825
 
Hi Guy.
Here is their latest news release.

ADI Technologies Inc -

Letter of intent to establish business relationship with
Cadence Design Systems

ADI Technologies Inc

ADH

Shares issued 19719991

1997-08-06 close $1.1

Wednesday Aug 6 1997

Ms Jean Monroe reports

ADI and Cadence Design Systems have mutually signed a letter of intent that sets
out basic conditions for the establishment of a definitive agreement that is intended
to establish a long term joint business relationship which will enhance the business
of both parties. ADI specializes in the research and development of multimedia
technologies for production of algorithmic solutions that are marketed to OEMs as
ASIC (Application Specific Integrated Circuits), MPEG multimedia chips and core
technology licence solutions. ADI is a fabless manufacturer and relies on contracting
out its chip designs to foundry.

Cadence Design Systems is a known leader in electronic design software and
services, providing comprehensive business solutions for the product development
requirements of the leading electronics companies in the world.

Under the proposed terms of agreement, CDN's initial project will be to prepare for
fabrication ADI's Apogee D Series chips, the MPEG-1 and 2 decode only designs,
for soonest return delivery of sample chips. ADI will bear financial responsibility to
CDN for its work efforts and product delivery. Engineers are scheduled to begin work
immediately at the facilities of ADI in Arlington Heights.

Additionally, within the scope of the proposed agreement, appropriate due diligence
and approval by the Cadence board of directors, CDN will have the right to acquire up
to a 10% equity stake in ADI with the potential of earning an additional entitlement of
5% based upon certain conditions. Cadence equity positions in ADI will be by way of
a warrant for shares at $2.98 with the additional 5% bonus entitlement to be priced at
such time that the additional shares are earned.

(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

I also noticed that thier web page is outdated. I usally call up Hunter himself for the latest info.(let me know if you want his number) I could try to post a few more of their more recent releases if you would like to read them. Other than that I really dont have to much more to say.I also would like to get a little more info ( they have been very tight lipped over the last 8 months)
regards; Tom

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