SMITHFIELD, R.I. - Laser Fare Inc. of Smithfield and toy giant Hasbro Inc. have formed a joint venture to find new manufacturing methods to speed up product introductions. Clifford Brockmyre, Laser Fare president, did not disclose what kind of technologies the firms will work on, but he said they are not based on laser techniques. Hasbro officials in Pawtucket, R.I., also declined to elaborate on the joint venture technology.
Brockmyre said he bought Laser Fare in 1990 after he sold his private firm Quabbin Indus-tries, a metals firm that made turbine parts. Brockmyre was chairman of the National Tool and Machining Association in 1992.
Hasbro will have proprietary rights in the toy, game and infant care industries from technologies developed by the joint venture. Laser Fare will control rights in other industries.
Infinite Machines Corp. bought Laser Fare in July 1994. Infinite developed a rotary engine for recreational engines but decided to focus on other technologies and did not commercialize it, said Brockmyre, also Infinite's president. Infinite is traded on the Nasdaq ex-change.
Laser Fare, a 16-year-old firm, has a laser processing group and an advanced technology group.