Arc Second Inc. is Acquired by Metris; The Northern Virginia Based Company that Developed Indoor GPS(TM) Technology Will Become Part of a Global Metrology Powerhouse.DULLES, Va. -- Arc Second, Inc., announced today that is has been acquired by Belgium-based Metris. Arc Second, which traces its beginnings to research begun at Virginia Tech, pioneered development of Indoor GPS technology. The company's products and technologies are currently utilized in the aerospace, automotive, robotics robotics, science and technology of general purpose, programmable machine systems. Contrary to the popular fiction image of robots as ambulatory machines of human appearance capable of performing almost any task, most robotic systems are anchored to fixed positions as well as a variety of other industrial markets. High profile customers include Toyota and Boeing. The Metris group has raised more than $40 million to finance key strategic acquisitions in the metrology metrology Science of measurement. Measuring a quantity means establishing its ratio to another fixed quantity of the same kind, known as the unit of that kind of quantity. sector. "Indoor GPS is one of the most exciting technologies in the metrology market today. Arc Second and its technologies will be a key engine fueling the growth of the Metris group in the future," said Bart Van Coppenolle, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Metris. Edward Barrientos will be relinquishing re·lin·quish tr.v. re·lin·quished, re·lin·quish·ing, re·lin·quish·es 1. To retire from; give up or abandon. 2. To put aside or desist from (something practiced, professed, or intended). 3. his role as President and CEO of Arc Second and will join the Metris Board of Directors. "The adoption of Indoor GPS technology by many of the world's most respected manufacturers has continued to gain tremendous momentum," said Barrientos. "This acquisition combines Arc Second's powerful technology with Metris' world-class marketing and distribution." About Arc Second, Inc. Arc Second develops, manufactures and markets Indoor GPS measurement, positioning and tracking solutions. In contrast to its outdoor counterpart, Indoor GPS provides sub-millimeter level positioning capabilities for both indoor and outdoor applications. The company markets its products to the construction, architecture, manufacturing, product design, robotics, aerospace, automotive, virtual reality and movie special effects special effects, in motion pictures, cinematographic techniques that create illusions in the audience's minds as well as the illusions created using these techniques. sectors. Founded in 1990, Arc Second is located in Dulles, Virginia Dulles, Virginia is an unincorporated census-designated place located in Loudoun County, Virginia, part of the Washington Metropolitan Area. The headquarters of AOL, Orbital Sciences Corporation and ODIN technologies and the former headquarters of MCI Inc. are located in Dulles. . More information about Arc Second and Indoor GPS can be found on the company's website www.indoorgps.com. About Metris Metris designs, develops and markets a unique range of 3D hardware and software inspection systems for the automotive and aerospace sectors. The company offers world-class metrology solutions for both design and manufacturing communities. The comprehensive product family covers the full range of measurement volumes required by customers, in both fixed and portable configurations and with optical and touch sensors
The Metris Headquarters are based in Leuven (Belgium) with additional production and development centers in UK (Derby, London) US (California, Detroit, Virginia), China, Russia and Bulgaria. Metris provides a worldwide network of sales and support offices located in Europe, Asia, and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . More information about Metris can be found on the company's website www.metris.com. |
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