ACHI -- AmeriChip International Inc. Clarifies Metal Polishing Patent
PLYMOUTH, MI, Feb 28, 2006 (MARKET WIRE via COMTEX) -- The Board of Directors of AmeriChip International Inc. (OTC BB: ACHI) has been asked by its shareholders to clarify the release of February 27, 2006 concerning its new patented metal polishing technology.
Mr. Marc Walther, President and Chief Executive Officer, purchased 100% of the patents rights from The Ford Motor Company in February 2006. This technology was developed by Mr. Walther in concert with The Ford Motor Company in 2001. Mr. Walther agreed to assign this patent to The Ford Motor Company at that time. The requisite papers have been filed with the US Patent office to reflect that The Ford Motor Company is now a licensee and that Mr. Walther is the patent owner with AmeriChip now being the only, sole and exclusive licensor.
Mr. Walther has assigned 100% of the rights to the Company in return for a 10% royalty on all revenues generated by the Company and its subsidiaries through the implementation of this technology. Mr. Walther will not receive any stock for this transaction.
AmeriChip International (www.americhiplacc.com) will be investing time and money with its supplier alliances to enhance the existing patent and to implement the technology to generate revenues for the Company. As part of the purchase agreement with The Ford Motor Company, Ford required that it maintain an irrevocable license agreement for the technology for itself, Visteon and Ford Global Technologies. AmeriChip will permit Ford (www.ford.com) and its affiliates to use the enhanced technology.
For more information please visit worldtalkradio.com 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.
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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