Addmaster Breaks Ground on Building In California's Monrovia Tech Corridor.Business Editors & Technical Writers NOTE TO MEDIA: Photo & logo are available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com and at www.newstream.com MONROVIA, Calif.--(BUSINESS WIRE)--Feb. 19, 2001 Addmaster, Corp., a manufacturer of teller receipt and validation printers for the financial industry, announced the commencement of phase two of the Addmaster Complex in Monrovia, Calif. Phase one was an 18,000 square foot manufacturing facility built in 1998 adjacent to the site of phase two. Both buildings are on land acquired from the Monrovia Redevelopment Agency. "It will be a very attractive building - two story, 16,500 square foot office / warehouse complete with marble and glass," said Hugh Clary clary: see sage. , vice president of Addmaster Corporation. The facility will be fully operational in May. "Monrovia is becoming a miniature Silicon Valley," said Glenn Cox, assistant executive director of redevelopment for the Monrovia Redevelopment Agency, "and we've been dubbed the high tech center of San Gabriel Valley The San Gabriel Valley is one of the principal valleys of southern California. It lies to the east of the city of Los Angeles, to the north of the Puente Hills, to the south of the San Gabriel Mountains, and to the west of the Inland Empire. . The high tech corridor of Monrovia has been in development for 27 years. The Addmaster building will be the last one completed in the corridor and a nice finishing touch." In addition to Addmaster, the area is home to other innovators such as AeroEnvironment, started by Paul MacCready Paul B. MacCready, Jr. (September 25, 1925 - August 28, 2007) was an American aeronautical engineer. He was the founder of AeroVironment and the inventor of the first practical flying machine powered by a human being. , Engineer of the Century; and SeeBeyond, the fastest growing company in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County. Taisei Construction Corporation, a subsidiary of one of Japan's largest builders, is constructing the complex. Taisei is responsible for projects that include Japan's tallest building, the 70-story Landmark Tower Yokohama; the west Passenger Terminal Building at Tokyo (Haneda) International Airport; and the Sheraton Torrey Pines Hotel in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. . The leasing agent handling the new facility is Kevin Duffy with CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. of Glendale, California. About Addmaster Addmaster, founded in 1962 and headquartered in Monrovia, California, is one the industry's largest manufacturers of teller receipt and validation printers used primarily for the banking industry. Addmaster customers include some of America's largest banks such as Wells Fargo, Bank One, First Union and Regions Bank. In addition to banks, Addmaster printers can be found in the retail, utility and government realms. The company also produces Inkjet print mechanisms, MICR (Magnetic Ink Character Recognition) The machine recognition of numeric data printed with magnetically charged ink. It is used on bank checks and deposit slips. MICR readers detect the characters and convert them into digital data. readers and decoder boards, and digital control boards. For more information on Addmaster, contact Hugh Clary at (626) 358-2395, extension 225 or write 225 East Huntington Drive, Monrovia, CA 91016. Visit the company's Internet site at www.addmasterinkjet.com. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.021901/bb3 |
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