Since we don't seem to have anything else to talk about this morning I thought we might rehash this PR of March 17. There really is some good stuff in there:
Wednesday March 17, 12:09 pm Eastern Time
Company Press Release
HGRM to Enter $140 Million Holographic Packaging
Market
MIAMI--(BUSINESS WIRE)--March 17, 1999--Holographic Dimensions Inc. (OTC
BB:HGRM) Wednesday announced that it has completed the Research, Development and
Prototyping of its Direct Digital Holographic Printer (DDHP) and is now constructing the
first commercial device incorporating the technology to service the Holographic Packaging
Market.
Digital hologram technology, also called Dot Matrix holography, has been particularly
successful in the packaging market, with Coors (NYSE:RKY - news), Pepsi (NYSE:PEP - news) and Colgate Palmolive
(NYSE:CL - news) incorporating dot matrix hologram technology in the packaging design of a variety of consumer products.
According to the hologram industry newsletter, Holography News, ''although holographic packaging accounted for 14 percent,
or $84,000,000, of the $600,000,000 worldwide holography market in 1995 it accounted for 45 percent of the actual quantity
of holographic materials produced in 1995 making it the largest market segment of the industry.'' As Holography News
projects industry sales to exceed $1 billion in 1999, the sales for the packaging market should exceed $140 million in sales in
1999.
Dot Matrix holography involves the holographic rendering of a computer graphic image pixel by pixel. The company began to
actively R&D dot matrix holography and, in conjunction with Advanced Digital Holographics, was the first to develop Dot
Matrix holography in the 1980s.
According to Kevin G. Brown, president and chief executive officer, ''The construction of this new device significantly expands
the market for our products as we have had only limited exposure to the packaging market in the past. Because our DDHP
technology provides for increases in speed, resolution, brightness, image quality, and production economies, it is clearly the
technology of choice when compared to others in the market.''
According to Vitali Prisacar, optical engineer and inventor of the technology, ''this is the first of many commercial applications
of DDHP technology. We were able to complete the R&D for this project on an accelerated basis because of the high level of
sophistication of the HGRM research laboratory facilities. I look forward to working with HGRM to develop medical, security,
compact disk manufacturing, and other exciting applications for this technology and others.''
Holographic Dimensions is a vertically integrated manufacturer of holographic imagery. The company's products are
incorporated into a variety of security products including, but not limited to, credit cards, negotiable documents, event tickets,
transit passes, and consumer products for marketing. The company's customers include Merck (NYSE:MRK - news), Lilly,
NASA, The Coca-Cola Company (NYSE:KO - news), Hoescht, and Ameritech (NYSE:AIT - news), amongst many others.
To facilitate investor relations, compliance with NASD reporting requirements, and to position the company for access to
capital markets, the company is in the process of auditing its financial statements though the period ending Dec. 31, 1998. The
audit should be complete in the next two weeks and the company intends to complete the filing of all the necessary SEC forms
to make it a fully reporting public company.
This release may include ''forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. Although the company believes that the expectations reflected in such
forward-looking statements are reasonable it can give no assurance that such expectations will prove correct. This is neither an
offer to buy or sell a security. For informational purposes only, from sources deemed to be reliable.
For more information, visit Holographic Dimensions on the World Wide Web at www.hgrm.com or contact:
FNG & Associates Inc. 3416 Via Oporto Suite 300 Newport Beach, Calif. 92663 Tel: 949/723-3830 Fax: 949/723-3833
Contact: George Mottel
Contact:
FNG & Associates Inc.
George Mottel, 949/723-3830
More Quotes
and News:
Adolph Coors Co (NYSE:RKY - news)
Ameritech Corp (NYSE:AIT - news)
Coca-Cola Co (Coke) (NYSE:KO - news)
Colgate-Palmolive Co (NYSE:CL - news)
Holographics Dimensions Inc (OTC BB:HGRM - news)
Merck & Co Inc (NYSE:MRK - news)
Pepsico Inc (NYSE:PEP - news)
Related News Categories: computers, food/beverage, household/consumer, medical/pharmaceutical, retail, telecom
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