IKONICS And Colour Scanner Technology Announce Strategic Alliance
DULUTH, Minn., Nov. 17, 2010 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq:IKNX), a Duluth-based imaging technology company, and Colour Scanner Technology GmbH a Krefeld, a Germany based manufacturer of advanced digital imaging equipment, today jointly announced a Strategic Alliance and Affiliation Agreement.
Bill Ulland, Ikonics CEO, said, "This alliance joins Ikonics' Digital Texturing (DTX) technology with Colour Scanner Technology's new line of digital printers and its worldwide distribution network."
Commenting further, Ulland said, "We have recently been granted a European patent for our DTX technology and have applied for a U.S. patent. This alliance strengthens our DTX offerings to the automotive based mold texturing and prototyping industry and potentially opens other markets for our proprietary inkjet fluids and substrates. I regard this as an important advancement in the commercialization of our technology," Ulland concluded.The IKONICS Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5654 This press release contains forward-looking statements regarding sales, gross profits, net earnings, balance sheet position, and new products and businesses that involve risks and uncertainties. The Company's actual results could differ materially as a result of domestic and global economic conditions, competitive market conditions, acceptance of new products, the ability to identify and make suitable acquisitions, capital expenditure requirements, the ability to control operating costs without impacting growth as well as the factors described in the Company's Form s 10-K, and 10-Q, and other reports on file with the SEC.
CONTACT: IKONICS Corporation Bill Ulland, Chairman, President & CEO (218) 628-2217
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV