NME Enters into Binding Agreement with VDL-ODMS

Tuesday, May 9, 2006

NME Enters into Binding Agreement with VDL-ODMS

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New Medium Enterprises entered into a binding agreement with VDL-ODMS an optical replication plant design and manufacturing company to design and build NME's production lines for multilayer discs.

VDL-ODMS, headquartered in Eindhoven, The Netherlands, is a global supplier of optical media replication equipment and processes.

The agreement includes the building of a multipurpose machine that will mass replicate the Company's multilayer optical discs, known as Versatile Multilayer Discs (VMD), as well as the usual DVD. In the future, similar machines will also manufacture multilayer discs for blue laser applications. These machines will combine the DVD processes and production modules of ODMS with new processes and modules stemming from technology developed by NME. The design will remain the sole ownership of NME. VDL-ODMS will promote and sell the VMD's proprietary lines to other parties globally on a licensing basis.