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Article: Applied 3D Science Signs $2.58 Million Investment and Licensing Agreement With Andor Co., Ltd. of Japan.
- Article from:
- PR Newswire
- Article date:
- October 4, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Start-Up Firm Comprised of CAD Industry Veterans to Use Funds
to Bring Next-Generation 3D Modeling Technology to Market
MERRIMACK, N.H., Oct. 4 /PRNewswire/ -- Applied 3D Science, Inc., a start- up firm that is currently developing 21st Century 3D design technology and products for the mechanical engineering marketplace, today announced that it has signed a $2.58 million combined investment and licensing commitment from Andor Co., Ltd., of Japan. Andor, the largest CAD/CAM developer in Japan, committed to an investment of $1.2 million, and an additional $1.38 million in licensing fees for Applied 3D Science's core technology to develop an advanced suite ...