Been on this one for a month and very hard to find any info.
Good news out on friday and a lot more to come. This is just the beginning. The market they are lookin at is HUGE.
For more info you might want to look at www.stockhouse.com under bullboards.
Avanticorp International Inc. ("Avanti") Shares Trade: USA, OTC BB SYMBOL: "AVTL". As previously announced Avanticorp International Inc. has agreed to acquire Pageant Technologies Inc. and has closed the transaction in escrow. Avanticorp has called a meeting of its shareholders to ratify the transaction on January 11, 1999. All escrow arrangements will be in effect until January 12, 1999, at which time the documents held in escrow will be released.
Avanticorp is pleased to announce the following development of Pageant's patented MAGRAM Technology which was announced on December 9th, 1998.
U. Researchers Developing Nonvolatile RAM Technology
University of Utah researchers have announced a major breakthrough in the development of a new
type of memory aimed at revolutionizing the computer industry and related fields.
Working under contract from Pageant Technologies (USA) Inc., U. researchers - led by Electrical
Engineering Associate Professor Larry Sadwick - have developed a new class of magnetic-field
sensors that will allow the future manufacturing of low-cost, high-volume, high-density memory devices
and circuits.
The new memory cell, called a MAGRAM(TM) (short for "magnetic random access memory"), uses
magnetic fields to store data.
Similar to conventional RAM memory devices, the MAGRAM should allow rapid, random access to
information stored within it. However, unlike conventional RAM the MAGRAM memory cell is
nonvolatile that is, continuous power is not required to maintain the memory content. Even after the
power source is removed, the information remains, giving MAGRAM the advantage of long-term data
storage reliability.
With further development, Pageant believes this technology eventually will become standard among
computers and other electronic devices that use memory. Among potential applications are cellular
phones, pagers, palm PCs, digital clocks, microwaves, VCRs, answering machines, calculators and
integrated circuits in vehicles.
"Think of everything that, when the power goes off, you lose the memory," says Stephen B. Fleming,
president of Pageant, which will license the technology as it develops. "That doesn't happen with
MAGRAM."
Once realized, the new technology should also offer the advantage of decreased power consumption in
portable devices like laptop computers, cellular telephones and pagers. It also could be used to
enhance the processing of Internet data.
U. researchers are building 8-bit technology evaluation samples to be used for testing by prospective
licensees.
Pageant Technologies Inc., is a wholly owned subsidiary of Avanticorp International, Inc.
CONTACT: Ross McGroarty, President, 416/364-6513.
or
Stephen Fleming, 505 471-3027, ext. 101
(sfhfram@newmexico.com)
or
Mark Saal, 801 581-7932
(mark@unicomm.utah.edu)
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