ACHI -- AmeriChip International Inc. Secures License for Patented Metal Polishing Technology
PLYMOUTH, MI, Feb 27, 2006 (MARKET WIRE via COMTEX) -- The Board of Directors of AmeriChip International Inc. (OTC BB: ACHI) announced that it has entered into a licensing agreement with its President and Chief Executive Officer, Marc Walther for the use of his patented metal polishing technology. The Company believes that this patent will significantly increase the sales potential of the Company by expanding its product line and revenue producing ability.
The license agreement allows for the Company (www.americhiplacc.com) to have exclusive use of the patented technology except for prior arrangements by Mr. Walther with both Ford, Visteon, and Ford Global Technologies. Ford will continue to maintain its irrevocable license for the technology for use by Ford www.ford.com, Visteon www.visteon.com, and Ford Global Technologies This process augments the existing Laser Assisted Chip Control technology platform from which the Company currently operates offering a broader scope of products to its customers thereby increasing its revenue potential.
This patent is a "process" patent that uses a combination of high speed machining and abrasive nylon brushes that reduce labor and capital required to manufacture dies and molds. This process patent allows for a method to automatically finish free-form contoured metal or hard die surfaces. As a result, the cost to machine and polish a mold or die can be reduced by 50%. To learn more about this process please visit: worldtalkradio.com
Mr. Walther will receive a royalty on any revenues generated by the Company and its subsidiaries through licensing opportunities and implementation of the process inter-company.
Headquartered in Plymouth, MI, U.S.A., AmeriChip International Inc., a patented technology company, holds a patented technology known as Laser Assisted Chip Control, the implementation of which results in efficient chip control management in industrial metal machining applications. This technology provides substantial savings in machining costs of certain automobile parts providing much more competitive pricing and more aggressive sales approaches within the industry.
The innovative AmeriChip business model, enhanced by its AmeriChip Tool and Abrasives subsidiary, is designed to establish an extensive resource for cost saving services and products that all cost conscious industrial steel and aluminum machining companies require. AmeriChip is committed to keeping jobs in America for Americans.
For more information, visit our website at www.americhiplacc.com or, contact R Windsor at 905-898-2646 or, send an e-mail to r.windsor@americhiplacc.com.
You may also wish to review an Analyst report at gaskinsco.com
Contact
R. Windsor
905-898-2646
e-mail to r.windsor@americhiplacc.com
SOURCE: AmeriChip International Inc.
CONTACT: mailto:r.windsor@americhiplacc.com
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