Applied Cellular enters into agreement to purchase MVAK Technologies;.NIXA, Mo.--(BUSINESS WIRE)--Jan. 16, 1997-- National remanufacturer of ultra-high vacuum pumps Vacuum pump A device that reduces the pressure of a gas (usually air) in a container. When gas in a closed container is lowered from atmospheric pressure, the operation constitutes an increase in vacuum in this container. had fiscal 1996 sales of $2.6 million, 1997 sales estimated at $3.5 million; upon completion, acquisition date will be effective Jan. 1, 1997; ACTC's focus remains on RF wireless technology integration Applied Cellular Technology Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ACTC ACTC Apple Certified Technical Coordinator ACTC Almaden Cycle Touring Club ACTC Associated Colleges of the Twin Cities ACTC All Ceylon Tamil Congress (Sri Lanka) ACTC Association Canadienne de Télévision par Câble ) today announced that it has entered into an agreement to acquire East Hanover East Hanover is the name of the following places in the United States of America:
The company remanufactures and services high-end vacuum pumps used in semiconductor, medical and electronics manufacturing This article presents a typical manufacturing process of an electronic assembly. Component manufacturing Components such as resistors, capacitors and integrated circuits are generally made by specialized contractors. . 1996 fiscal year revenues were approximately $2.6 million. 1997 revenues are estimated at $3.5 million. Richard J. Sullivan, Applied's chairman and chief executive officer, commented: "Our acquisition focus to acquire highly profitable and niche-leading businesses in 1997 is beginning to accelerate. "MVAK Technologies Inc. services a clientele list of major Fortune 500 companies such as Boeing, AT&T Technologies, and General Motors to name but a few. While we anticipate continued earnings growth from this division in the range of 15-20% annually, cross-marketing opportunities within our other divisions is the key to our success in this and other acquisitions under development in 1997." In an additional statement, Sullivan stated: "We expect Applied Cellular to rapidly expand into high-end manufacturing and service-oriented business (including cellular communication industries) with the ultimate objective of integrating 20th century technologies with new age RF wireless applications." CONTACT: REOVEST Inc., Golden Bob Oberndorf, 303/642-0073 |
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