Acme Electric announces agreement to sell its aerospace division.BURBANK, Calif.--(BUSINESS WIRE)--Nov. 5, 1996--Acme Electric Corp. (NYSE NYSE See: New York Stock Exchange :ACE) Tuesday announced that it has entered into an agreement to sell the assets of its aerospace division for approximately $6 million to Ultra Force Ultra Force was a PC demoscene group from The Netherlands, active from 1989–1993 with publicly released demos. They were the first PC group to release a true 3D demo, in 1991, entitled VectorDemo. This demo could be seen on display at many computer trade shows. Battery Co. Inc., a newly formed subsidiary of B.A.T. International Inc. The agreement also provides for the license of Acme's battery-related technologies for the electric vehicle and other commercial markets. Subject to the satisfaction of certain contingencies, the closing is expected to occur within 90 days. Founded in 1917, Acme (company, jargon) ACME - /ak'mee/ 1. A Company that Makes Everything. The canonical imaginary business. Possibly also derived from the word "acme" meaning "highest point". 2. A program for MS-DOS. Electric is a leader in the design and manufacture of power conversion equipment for electronic and electrical systems for industrial, commercial, residential, military and aerospace applications. Corporate headquarters are in East Aurora Aurora, cities, United States Aurora (ərôr`ə, ô–). 1 City (1990 pop. 222,103), Adams and Arapahoe counties, N central Colo., a growing suburb on the east side of Denver; inc. 1903. , N.Y., with operations in Cuba, N.Y., Lumberton, N.C. and Tempe, Ariz. CONTACT: B.A.T. International, Burbank 818/565-5555 or 818/565-5559 (fax) |
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