DataMetrics
Corporation executes license agreement
Wednesday, January 30, 2002, Orlando, Florida,
(OTCBB: DMTR): DataMetrics Corporation announced today that it has
executed a license agreement for its Condor Harrier and IPS3300 thermal
transfer printing technology with 3M. 3M's applications will include
a range of vehicle registration and identification products, such
as its digital license plate manufacturing system. Terms of the deal
were not released.
DataMetrics Corporation President and CEO Daniel Bertram said, "This
agreement is an important step for DataMetrics; it allows our company
to continue to sharpen our product focus in other industries and provides
operating capital to advance our position within our traditional markets."
Added Mr. Bertram, "3M is the leader in digital license plate production
and is in the best position to optimize these printers to meet its
market needs."
Dr. Tom Chaffin, division vice president, 3M Traffic Control Materials
Division ("TCM") said, "3M has been the leader in products and systems
to the vehicle registration and identification market for over 50
years. This package allows TCM to provide improved service, support
and product technology to our customers."
3M is a diversified manufacturer. Headquartered in St. Paul, Minn.,
3M produces a wide variety of products that serve the industrial,
commercial, consumer, transportation and health care markets.
DataMetrics Corporation is a leader in ruggedized computers, printers
and integrated systems for government, defense and aerospace markets.
DataMetrics also designs, develops and manufactures high-speed color,
non-impact printers/plotters for specialized industrial applications.
DataMetrics Corporation is headquartered in Orlando, Florida.
Except for the historical information contained
herein, the matters discussed in this press release are forward-looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements involve
risks and uncertainties, such as quarterly fluctuations in operating
results, the timely availability of new products, the impact of
competitive products and pricing, and other risks detailed in the
Company's filing with the Securities and Exchange Commission, including
the Company's Form 10-K for the fiscal year ended October 28, 2001.
These risks and uncertainties could cause actual results to differ
materially from any forward-looking statements made in this press
release. |