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Here's a news story from newly "public" company which emerged from the PDTK conversion. Latest bit of news shows some promise for the marketability of the proprietery technology. Quintek Technologies Completes Contract With Royal Netherlands Army Wednesday, May 12, 1999 09:01 AM CAMARILLO, Calif., May 12 /PRNewswire/ -- Quintek Technologies Inc. (OTC Bulletin Board: QTEK) today announced that together with its 49-percent owned Swedish subsidiary, Qtek AB, it has completed a contract with the Royal Netherlands Army (RNA) to convert over 27,000 digital files into aperture card media. Aperture cards are used by thousands of companies worldwide for the long-term archiving of critical engineering and business information. Renewal RNA contracts are expected in the near future, said Quintek. The company will be assisted in securing conversion contracts with additional clients by its manufacturing partner, Bofors AB, a division of the Celsius Group, a multi-billion dollar corporation headquartered in Stockholm. Quintek said it plans to expand upon this conversion service by using the Internet to retrieve digital information from customers around the world, converting the information into aperture card format, and storing the aperture cards in an "Iron Mountain" facility, provided by Bofors AB, where they will be secure and retrievable for over 100 years. Quintek supplies equipment software, media, and services related to converting digital information into archival media for off-site backup and long-term storage. Off-site backup insures against the loss of digital information due to catastrophic events. Long-term storage media insures against the loss of digital information due to computer virus, technology obsolescence, year 2000 rollover, equipment failure, media degradation, change in formatting standards and software incompatibility. Quintek is headquartered in Camarillo, California, with sales and marketing based in Washington D.C., manufacturing and R&D based in Karlskoga, Sweden (at Bofors AB), and engineering & field support based in Montpelier, Idaho. SOURCE Quintek Technologies Inc. CONTACT: Tom Sims, President and CEO of Quintek Technologies Inc., 800-482-6874; or Bruce Forer of Eisenberg Communications, 212-874-0315, for Quintek Technologies Inc. | ||||||||||||||
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