CORRECTION: Memotec Communications Inc. - Acquisition by Kontron Embedded Computers Completed.Business Editors MONTREAL & MUNICH, Germany--(BUSINESS WIRE)--July 4, 2001 Memotec Communications Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :MCM (MultiChip Module or MicroChip Module) A chip package that contains several bare chips mounted close together on a substrate (base) of some kind. .) (Memotec) and Kontron Embedded Computers AG (FRANKFURT:KBC KBC Kenya Broadcasting Corporation KBC Kaun Banega Crorepati (Indian TV show) KBC Koahnic Broadcast Corporation (Anchorage, Alaska) KBC Keyboard Connector KBC Kill Before Capture .) (Kontron) today announced that the strategic acquisition initiated by Kontron on February 9, 2001 to acquire all of the shares of Memotec was completed on July 1, 2001. Effective today, Memotec shares were de-listed from the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . Memotec shareholders will receive 0.03377 exchangeable shares of Kontron Communications Inc., one of the Canadian subsidiaries of Kontron, in consideration for each Memotec share they hold. About Kontron Embedded Computers Kontron Embedded Computers is one of the largest manufacturers of embedded computing solutions. Kontron supplies leading OEMs, system integrators and application providers in the fields of communications, automation and mobile computers. The company helps its customers to considerably reduce their time-to-market and to gain a competitive advantage with products including high-performance open computer platforms and systems, single-board computers, man-machine interfaces, and portable computers. Kontron employs more than 1000 people worldwide and has manufacturing facilities in Europe, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Asia Pacific. Kontron is listed on the German Neuer Markt stock exchange under the symbol "KBC". Additional information about Kontron is available at www.kontron.com. About Memotec Memotec Communications Inc. is a networking company that provides data, voice and video convergence solutions for telecommunications carriers, service providers and corporate customers. Its product line of access devices and edge switches provides consolidation of multiservice traffic over packet-based and cell-based networks such as Frame Relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. , IP and ATM. Memotec enables its customers to lower operational costs and increase productivity by consolidating multimedia traffic over a common infrastructure. With offices around the world, and with more than 100,000 products installed in over 94 countries to date, Memotec serves the diverse needs of customers in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , North America, Europe, the Middle East, Africa, Asia and the Pacific Rim. More information about the company is available at www.memotec.com |
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