![]() |
|
|
|
|||||||
|
|
|
Detroit Tool & Engineering to produce equipment for EarthShell
News Release DT Industries Receives Additional Equipment Orders From EarthShell Manufacturing Partners SANTA BARBARA, CA -- January 03, 2003 -- EarthShell Corporation
(NASDAQ: ERTH), innovators of food service packaging designed with the
environment in mind, announced today that Detroit Tool & Engineering (DTE),
a subsidiary of DT Industries, Inc., has received orders from EarthShell
Corporation's manufacturing partners to produce equipment for the manufacture
of EarthShell products. The fully integrated and automated lines will
be guaranteed by DTE to operate at standard levels of commercial performance
agreed upon between DTE and EarthShell's manufacturing partners. In an
announcement yesterday, DT Industries, Inc. stated that the new equipment
orders total $7.5 million. It is estimated that the new equipment will
produce more than $15 million in annual sales.
These additional equipment orders should enable EarthShell to achieve its royalty revenue targets for 2003. Delivery and installation of these lines are expected during the second quarter of 2003. This news, along with yesterday's announcement by DT Industries, Inc. regarding these new equipment orders, is further substantiation of the continuing successful development of EarthShell's business model. EarthShell Corporation expects several of its manufacturing partners to continue ordering additional lines from DTE to serve a growing market demand. DTE is the first equipment vendor to be officially licensed by EarthShell Corporation as a full line, turn-key equipment supplier for the production of EarthShell's foam analog technology. EarthShell licenses its patented technology for the production of environmentally preferable disposable food service packaging. DTE is the lead manufacturer of all the equipment currently on order from EarthShell's North American and Asian operating partners. hShell's current manufacturing partners include Sweetheart Cup Company,
Green Earth Packaging, Inc., Green Packaging and Huhtamaki for EarthShell's
foam analog products, and DuPont for its food service wrap products.
Did you find this material interesting? Do you want more information of this type? Comment via FEEDBACK
Source: EarthShell Corporation
Please patronize our many sponsors, affiliates and advertisers today so that we may bring you more advanced services tomorrow. Have you seen the great deals from top brand name manufacturers?
|
|
|