Industrial Applications
From the Annual Report (10K) Filed on March 30,1998
The Company believes that the Intellectual Properties and Colormate(TM) System may have commercial applications in industrial color measurement applications, in order to achieve and confirm uniformity of color shades within a given product line or between two products of the same line (i.e., paint, textile and food products).
To that end, the Company intends to increase its efforts to lease the Colormate(TM) System and/or license the Intellectual Properties, including the Company's Chromaticity Study capabilities, to industrial companies such as paint, textile and food companies, that use or could use existing color measurement technologies in the manufacturing and marketing of their own products.
Many companies in these industries currently use color measurement instruments to ensure uniformity of product line colors (e.g., that manufacturing facilities are producing different dye lots and/or goods of the same color). These instruments are generally available at prices well in excess of the price at which the Company would market the Colormate(TM) System for such application, because the Company has been able to mass manufacture its color measurement technology, thereby taking advantage of the economies of scale.
In addition, the Colormate(TM) System provides machine-to-machine stability and reproducibility (i.e., that each machine will achieve results consistent with that of other machines), whereas the competing color measurement instruments available today generally cannot produce such consistent machine-to-machine results without complex inter-machine calibration adjustments...... |
