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GloTech Industries, Inc. Acquires Advanced Illumination Technologies, Inc.

Publication: Business Wire
Publication Date: 25-JUN-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors/High-Tech Writers

GAINESVILLE & PLANT CITY, Fla.--(BUSINESS WIRE)--June 25, 2003

GloTech Industries, Inc. ("GloTech") (OTCBB:GTHI), a manufacturer of illuminating safety devices, and UTEK Corporation ("UTEK") (AMEX:UTK), an innovative technology transfer company, announced today that GloTech has acquired Advanced Illumination Technology, Inc. (AIT), a UTEK subsidiary. AIT holds a non-exclusive license to a National Institute of Occupational Safety and Health (NIOSH) developed lighted-line technology. The patent pending, lighted-line technology was developed as a flexible, illuminated, safety line used to keep rescue and exploration team...

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