updated 11/17/2010 1:16:37 PM ET 2010-11-17T18:16:37

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.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.71%
$30K home equity loan FICO 5.26%
$75K home equity loan FICO 4.70%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.42%
Cash Back Cards 17.94%
17.94%
Rewards Cards 17.14%
17.14%
Source: Bankrate.com