AuGRID Team Obtains Positive Comments at IDGA Conference E-mail or Print this story
2 August 2004, 10:14am ET
HOUSTON--(BUSINESS WIRE)--Aug. 2, 2004--AuGRID Corporation (OTCBB:AGRD) is proud to announce today that its scientific team received very high remarks from top industry analysts at the Institute for Defense and Government Advancement's ( www.idga.org ) conference held in Washington, DC last week, July 27 - 28, 2004. The focus of the conference was Lightweight Materials for Defense Engineering, an area were both AuGRID's technology and approach are years ahead of the competition. As previously announced Byron Ziegler, Director of Research and Development for AuGRID, spoke at the above mentioned conference, to a room filled to capacity with defense industry contractors and high ranking military personnel.
"Our presence at the conference also yielded several private meetings with top defense contractors interested in co-branding and or licensing AuGRID's light weight armor technology, to be used in body armor, personnel carries and low altitude aircraft which are susceptible to small arm fire. Over the next couple of weeks AuGRID's top level management will be in contact with these companies in order to determine the possibility of contracts or licensing agreements structure the possibilities of contracts or licensing agreements", stated MJ Shaheed President and CEO of AuGRID Corporation. "We are pleased to be able to offer practical solutions to our military in this state of global turmoil" added Shaheed.
AuGRID Corporation and its subsidiaries, Alysium Corporation and Optipure, LLC, are technology based organizations, specializing in the manufacturing, distribution and development of electronic and display devices, thermocouples, silicon carbide tools and nanoparticles technology.
FORWARD LOOKING STATEMENT: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding AuGRID Corporation in this release that are not historical in nature, particularly those that utilize terminology such as "may," "should," "likely," "expects," "anticipates," "estimates," "believes" or "plans," or comparable terminology, are forward-looking statements based on current expectations about future events, which AuGRID Corporation has derived from the information currently available to it. These forward-looking statements involve known and unknown risks and uncertainties that may cause our results to be materially different from results implied in such forward-looking statements. Important factors known to AuGRID Corporation that could cause forward-looking statements to turn out to be incorrect are identified and discussed from time to time in AuGRID Corporation's filings with the Securities and Exchange Commission. The forward-looking statements contained in this release speak only as of the date hereof, and AuGRID Corporation undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.
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