Dai Nippon Printing Co Ltd, Omron Corp, Olympus Optical Co Ltd and Nippon Conlux Ltd, all licensees of Drexler Technology Corp’s laser card technology – Drexler’s cards – used by British Telecommunications Plc as phone cards – are tape-coated cards on which data is encoded by pitting the surface with a laser – have come together to create Optical Memory Card Business Corp, which has signed a non-exclusive licensing agreement with Drexler and is no doubt the life-saving company whose royalty agreement saved Drexler from the need to sell assets to stay alive: the new firm, capitalised at $77,500, will be 49% owned by Dai Nippon, 17% each by the other three, and will make and sell write-once and read-only versions of the 2.8Mb cards worldwide.
