To: QuietWon who wrote (22760 ) 12/6/1998 1:22:00 PM From: Big Blue Read Replies (1) | Respond to of 119973
Landec (LNDC) should be on the move up this Week. I would expect this stock to be up significantly at the Q1-1999 Landec Corporation Introduces New Formulated Product: Says It Expects To Receive Initial Orders From European Automotive Industry in Early 1999 MENLO PARK, Calif., Dec. 4 /PRNewswire/ -- Landec Corporation (Nasdaq: LNDC - news), a specialty polymer company, today introduced Aeromark⢠80, a new formulated product used in product prototyping and part design. Based on the company's proprietary Intelimer® technology, Aeromark 80 is being targeted initially to the transportation industry, including automobile and aerospace manufacturers. The company said it has been testing the product with several major European automobile manufacturers and expects to begin shipping orders and recording initial revenues from Aeromark 80 within the next 90 days. The product was unveiled this week at EuroMold '98 , a major trade fair in Frankfurt, Germany for the moldmaking, tooling and product design industries. ''This one component product can be used to create a three dimensional model for an entire product, such as an automobile, or a specific automobile or airplane part. It is designed for use in CAD-CAM and CNC-based model and prototype fabrication. Aeromark 80 comes in a liquid paste form that is pumped over a shaped frame and then cured. This product will be used to provide a three dimensional, lightweight model that is machineable and dimensionally stable,'' said Guy Stokes, vice president of commercial development for Landec. ''With our European distributor, Aero Consultants Ltd. A.G., we began testing this product with several leading European automobile manufacturers earlier this year and the results have been very positive,'' Stokes said. ''We have established manufacturing capabilities in Europe and expect to begin shipping initial orders there in the early part of 1999. ''Aeromark 80 is a stable one component material which requires no mixing, and can be easily and inexpensively applied. In addition, Aeromark 80 requires lower capital equipment costs, cures quickly and creates less waste than existing methods,'' Stokes continued. ''The introduction of Aeromark 80 marks Landec's entry into the prototype, design and fabrication markets and is the first of what he hope to be a line of High Performance Materials products based on our Intelimer polymer technology. ''This new product extends our existing line of Intelimer Polymer Catalyst products, which are used by customers to catalyze thermoset systems used in coatings, sealants, adhesives, pre-pregs and other fiber reinforced composites,'' noted Gary T. Steele, chairman and chief executive officer of Landec. Landec Corporation designs, develops, manufactures and sells temperature-activated and other specialty polymer products for a variety of food packaging, industrial high performance materials, agricultural seed and distribution and medical applications. The company's temperature-activated polymer products are based on its proprietary Intelimer polymers, which differ from other polymers in that they can be customized to abruptly change their physical characteristics when heated or cooled through a pre-set temperature switch.