ADLI licensing to their competion.
biz.yahoo.com
Company Press Release
American Dental Technologies Announces License
Agreement
SOUTHFIELD, Mich.--(BW HealthWire)--Jan. 6, 1998--American Dental Technologies, Inc.
(NASDAQ:ADLI - news) announced today that it has granted a non-exclusive license to
Continuum Electro-Optics, Inc. (''Continuum'') of its U.S. Patents 5,257,935 and 5,342,198 and
foreign counterparts for the use of Erbium:YAG lasers for cavity preparation in exchange for the
agreement of Continuum to pay royalties. Additionally, the companies agreed to jointly defend the
patents and continue discussions for joint marketing of Erbium:YAG lasers for use in hard tissue
dental applications such as cavity preparations. Continuum is a subsidiary of Hoya Corporation
USA which is wholly owned by Hoya Ltd. of Japan.
''In our opinion, Continuum and its affiliates have the best Erbium:YAG laser presently distributed
on the world market and are the leaders in that technology. Hoya has been manufacturing and selling
Erbium:YAG lasers in Japan for cavity preparation and other hard tissue procedures for over 3
years. We are very pleased that they recognized American Dental Technologies' basic patent
position and voluntarily sought and obtained a license from us,'' said Ben Gallant, President and
CEO of American Dental Technologies, Inc.
American Dental Technologies, Inc., headquartered in Southfield, MI, develops and manufacturers
advanced technologies for dentistry and markets them worldwide. It is listed on Nasdaq Market
under the trading symbol ADLI. |
