Reread the PR, twice if you have to.
They detect sounds emitted, probably deviations against the model or average.
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MRPS
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delayed 20 mins - disclaimer
Friday March 5, 3:14 pm Eastern Time
Company Press Release
Microphonics --OTC BB: MRPS-- Discusses Company Products
NASHVILLE, Tenn.--(BUSINESS WIRE)--March 5, 1999--Nashville, Tennessee-based Microphonics, Inc. (OTC BB: MRPS) has developed a high-tech mechanical ultrasound diagnostic devise that detects the presence of ultrasonic sound waves and translates those waves for the human ear. Known as the Ultraphonic Detector, this hand-held device is so exact that it can detect a hole half the thickness of a human hair. Not only can it pinpoint and identify leaks (pressurized, non-pressurized and vacuum), it can predict mechanical malfunctions and certain electrical problems as well. Perhaps the most remarkable benefit of the equipment is that it warns of impending trouble before a costly malfunction occurs.
Microphonics has assembled a unique trio of divisions that unite the Company's ultrasound hardware with software applications.
The Microphonics Division develops and markets The Microphonics Automotive Diagnostic System(A07) to the automotive and motor sports industries.
The Ultraphonics Division develops and markets The Ultraphonic Detector(Model 111RCK), a hand held precision test device designed for industrial use.
The Soundlogic Division develops software which both refines and elevates mechanical ultrasound diagnostics to state-of-the-art technology.
Microphonics A07 automotive unit is currently manufactured by Bulova Technologies L.L.C. in Lancaster, PA, an established leader in the electronics manufacturing field.
Microphonics 111RCK industrial unit is currently manufactured by U.M.M. Electronics in Indianapolis, IN, one of the world's leading providers of electronic manufacturing services. U.M.M. follows Pre-Production Quality Assurance (PPQA), Good Manufacturing Practices(GMP), and ISO 9002 requirements.
In addition to previously announced contracts, Microphonics is in negotiations with thirty-seven(37) major companies worldwide.
Ultrasound, as a technology, cannot be patented. Microphonics' unique ''signature sound'' method is currently in the patent-pending stage. The company presently holds the following trademarks: Microphonics TM, Ultraphonics TM, Soundlogic TM.
Microphonics believes that units produced by its competitors including CTRL, do not produce the quality of the results of our current units, which have gone through five(5) generation changes.
In 1998, Microphonics issued approximately 1.4 million shares to an investment banking firm in connection with raising funds for the company. The company does not believe the firm performed its obligations and an NASD arbitration proceeding is pending. Legal action is also being pursued by Microphonics. The company believes all of theses shares have been sold.
Microphonics is in the midst of sustained growth that, we believe, will culminate into an extended period of profitability well into the next decade.
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Contact:
Microphonics, Nashville
Myles Izikoff or Jimmy Gayle or Bud Thorpe,
615/871-4000
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