News Today!
PR Newswire, Monday, June 15, 1998 at 06:25
AUSTIN, Texas, June 15 /PRNewswire/ -- SI Diamond Technology, Inc.
(BB: SIDT) reported today that Electronic Billboard
Technology, Inc. (EBT), its wholly-owned subsidiary, has announced under its
royalty agreement with Texas Digital Systems (TDS) an order for 500 units of
the AccuView(TM) electronic display to be installed at certain stores of a
major fast food restaurant chain. TDS is also beginning to receive orders for
the chain's franchisees.
The AccuView(TM) sun-readable display was developed by TDS and EBT using
EBT's technology. Under the licensing agreement between the two companies,
EBT receives royalties for each display ordered through TDS.
"We expect to achieve the minimum requirement under the royalty agreement
with EBT of 1,000 units of the Accuview(TM) by the end of 1998," said a TDS
spokesperson. "By meeting the minimum requirements under the royalty
agreement, TDS will be able to retain the exclusive use of EBT's technology in
the fast food market."
"Obviously, we are very excited to be a part of TDS' successful
introduction of the AccuView(TM) display into the fast food market. We expect
to see significant revenue growth from this venture as TDS continues to expand
in this market," said Marc Eller, chairman and chief executive officer of SI
Diamond.
SI Diamond and Subsidiaries Make Move to New Headquarters
SI Diamond and its subsidiaries, EBT and Field Emission Picture Element
Technology, Inc. recently moved into new facilities at 3006 Longhorn
Boulevard, Suite 107, Austin TX 78758, following the sale of the production
assets of Diamond Tech One. The company's new main telephone number is
(512) 339-5020. The new fax number is (512) 339-5021, while the company's
website remains at: www.diamond.com.
SI Diamond Technology is a holding company consisting of two subsidiaries.
The Field Emission Picture Element Technology subsidiary utilizes SIDT's
proprietary technology for the development of diamond films for use in flat
panel displays -- the display of the future. The Electronic Billboard
Technology subsidiary is geared toward the commercialization of electronic
digitized sign technology.
SOURCE SI Diamond Technology, Inc.
-0- 06/15/98
/CONTACT: Sara Breuer, Corporate Communications Manager of SI Diamond
Technology, Inc., 512-339-5020 x104; of Greg Facktor, Director Market
Pathways, 949-955-1860/
/Web site: marketpathways.com
/Web site: diamond.com./
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