MA, December 18, 2002
- Boston Applied Technologies
Incorporated (BATI) is pleased to announce winning of multiple government
and industrial contracts, which will lead to multimillion dollars
funding. Formed in July, BATI has been very actively pursuing funding
and at the same time introducing new products to the market. "It
has been proven that our strategy is successful," said Dr.
Kevin Zou, Vice President and CTO of BATI, "with the additional
funding, we will be able to further implement our strategy, strengthen
our competitiveness, and win in customers design-in cycle for our
products during the telecommunication market downturn." Dr.
Zou added, "We view the market weakness as a special opportunity
for some start-ups, such as BATI, which has great technological
advancement and much lower burning rate than big corporations."
Although it is new, BATI has won significant recognition from both
government agencies and industrial customers because of the excellent
track record of the principals, the strong technology platform,
and the persistence of market participation. BATI is currently shipping
products to customers.