Cubic Communications acquires direction-finding product line.SAN DIEGO--(BUSINESS WIRE)--Oct. 12, 1995--Cubic Communications Inc. has acquired the direction-finding product-line assets of Ocean Applied Research (OAR) Corp. for an undisclosed amount of cash, it was announced Thursday by Sam F. Arn, CCI CCI Chambre de Commerce et d'Industrie (France) CCI CAM (Complementary and Alternative Medicine) Citation Index CCI Chamber of Commerce and Industry (Western Australia) chairman and chief executive officer. OAR is a 27-year-old San Diego-based producer of radio direction- finding products sold to military and commercial customers around the world, Arn explained. Under terms of the sale, CCI has purchased the rights to the name ``Ocean Applied Research'' and the acronym acronym: see abbreviation. A word typically made up of the first letters of two or more words; for example, BASIC stands for "Beginners All purpose Symbolic Instruction Code. ``OAR.'' This acquisition allows CCI to offer additional direction- finding capabilities with its growing line of surveillance receivers and systems, Arn said. ``With the engineering and manufacturing resources of the combined operations For the department of the British War Office during World War II, see . In the military, combined operations are operations conducted by forces of two or more allied nations acting together for the accomplishment of a single mission. See also
v. mo·dern·ized, mo·dern·iz·ing, mo·dern·iz·es v.tr. To make modern in appearance, style, or character; update. v.intr. To accept or adopt modern ways, ideas, or style. and expanded,'' he added. OAR will continue operations at its Sorrento Valley facility until it is integrated into CCI's Ponderosa Avenue plant in an orderly manner. It will be managed by Arthur Wigand, currently OAR vice president and general manager, with the new title of vice president, DF Products, of CCI. CCI, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of San Diego-based Cubic Corp., is a respected prime contractor to the U.S. and allied armed forces for radio communication and direction-finding equipment, as well as special systems for surveillance and monitoring. CCI also is a major producer of emergency highway radio/telephone call boxes in service along freeways across the country. CONTACT: Cubic Corp., San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. Gerry Reeves, 619/277-6780 |
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