Antenna Technology Communications Inc. discontinues merger negotiations with InnovaCom.MESA, Ariz.--(BUSINESS WIRE)--April 1, 1997-ATCi (Antenna Technology Communications Inc.) a Mesa, Ariz., designer and manufacturer of satellite systems for business, government, military and educational applications has, as of March 28, discontinued its merger negotiations with InnovaCom Inc., a designer, developer and manufacturer of advanced semiconductor products for video and communications using MPEG-2 compression technology. Gary S. Hatch, Antenna Technology Communications Inc. chief executive officer indicated that while the proposed combination with ICI (language) ICI - An extensible, interpretated language by Tim Long with syntax similar to C. ICI adds high-level garbage-collected associative data structures, exception handling, sets, regular expressions, and dynamic arrays. had many potential benefits, the two companies were unable to, among other things, agree upon the structure of the transaction. Hatch continues to be optimistic about the future of ATCi and wished InnovaCom the best of luck in its product development and capital raising efforts. Antenna Technology Communications Inc., a privately-held company, was founded in 1990, and expects sales in excess of $5 million in 1997. The company produces satellite earth station antennas including Simulsat multibeam antennas, inclined orbit A satellite is said to occupy an inclined orbit around the Earth if the orbit exhibits an angle other than zero degrees with the equatorial plane. This angle is called the orbit's inclination. tracking systems, and high quality data and video communications including satellite high-speed data broadcasting/intranet technologies. Its customers include corporations, broadcast and cable television, educational institutions and governments around the world. The company has completed projects with AT&T Bell Labs, Microsoft, Central Intelligence Agency, NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. , NBC News NBC News (along with NBC News + HD) is the news division of American television network NBC, a part of NBC Universal, which is majority-owned by General Electric. Its current president is Steve Capus. It is the top-rated broadcast news division and has been for a decade. , TeleCommunications Inc., Cox Cablevision, Time Warner, USSB USSB United States Satellite Broadcasting USSB United States Shipping Board USSB Upper Single Sideband Hubbard Broadcasting, UCLA UCLA University of California at Los Angeles UCLA University Center for Learning Assistance (Illinois State University) UCLA University of Carrollton, TX and Lower Addison, TX , Purdue University, Televisa, Telespazio (Italy) and The Vatican, among others. ATCi is located at 1128 E. Greenway, Mesa, AZ 85203. Telephone is 602/264-7275. Fax is 602/898-7667. Web site address is http://www.atci.net CONTACT: Antenna Technology Communications Inc., Mesa Chuck Willman, 602/264-7275 |
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