Aviation Technologies Inc. Acquires Transicoil; Transicoil Will Be Merged with Aerospace Display Systems in a Move Designed to Provide New Levels of Product Offering and Support.Business Editors SEATTLE--(BUSINESS WIRE)--May 26, 2004 Aviation Technologies Inc., a leading supplier of engineered aircraft components and a portfolio company of Odyssey Odyssey (ŏd`ĭsē): see Homer. Odyssey Homer’s long, narrative poem centered on Odysseus. [Gk. Lit.: Odyssey] See : Epic Odyssey Investment Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , announced today that it has acquired Transicoil, a division of Horizon Aerospace LLC of Victor, N.Y. Terms of the deal were not disclosed. Transicoil is a technology leader in rotating ro·tate v. ro·tat·ed, ro·tat·ing, ro·tates v.intr. 1. To turn around on an axis or center. 2. electromechanical The use of electricity to run moving parts. Disk drives, printers and motors are examples. Electromechanical systems must be designed for the eventual deterioration of moving components that wear over time. The first TVs were electromechanical systems (see video/TV history). components, precision motion controls, instrumentation, and transducers. The company, located in Norristown, Penn., will be merged with Aerospace Display Systems (ADS) of Hatfield, Penn., a leader in the development and manufacture of liquid crystal displays liquid crystal display (LCD) Optoelectronic device used in displays for watches, calculators, notebook computers, and other electronic devices. Current passed through specific portions of the liquid crystal solution causes the crystals to align, blocking the passage of light. and modules for worldwide use in military, business and commercial avionics avionics (ā'vēŏn`ĭks), electronic instruments used in air or space flight; also the design and production of such instruments. Early planes had few instruments, but as aviation and aircraft became more complex, so did instrumentation. instruments and equipment. Initially, the two firms will continue to operate in separate facilities under combined management, with the name ADS/Transicoil. "The obvious synergies between Aerospace Display Systems and Transicoil make this a very good combination," said Roy Robinson, chief executive officer of Aviation Technologies Inc. "Transicoil has an excellent reputation for serving the aerospace and defense industries in several product areas. We believe that customers will find additional value when these product lines are combined with the LCD (Liquid Crystal Display) A display technology that uses rod-shaped molecules (liquid crystals) that flow like liquid and bend light. Unenergized, the crystals direct light through two polarizing filters, allowing a natural background color to show. displays and instrumentation products of Aerospace Display Systems. "We are also pleased to be gaining the management experience of Carl Deirmengian, the division president of Transicoil. Mr. Deirmengian will serve as president of the merged ADS/Transicoil organization." "Our many shared customers will now be able to go to one entity for the Transicoil rotating electromechanical components, precision motion controls, instrumentation, and transducers as well as the LCDs, indicators and clocks of ADS," said Carl Deirmengian, president of ADS/Transicoil. "We will build on the strengths of both companies in forming a much stronger organization, able to develop more products and address more customer needs than either could individually." About Aviation Technologies Inc. Aviation Technologies Inc., is a leading supplier of proprietary aerospace components used on commercial, military and corporate aircraft. Aviation Technologies designs, manufactures, sells and supports a broad range of proprietary aerospace products. The company's major product lines include electronic systems and sub-systems for airborne power, audio and cabin applications; customized interconnect (1) To attach one device to another. (2) A physical port (plug, socket) or wireless port (transmitter, receiver) used to attach one device to another. solutions -- contacts, cables, connectors; and liquid crystal display and modules. Odyssey formed Aviation Technologies Inc. in 2003 from companies acquired that year. |
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