Cybernet Systems Gains New Investors.ANN ARBOR Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as , Mich.--(BUSINESS WIRE)--June 28, 1999-- Cybernet Systems Corporation today announced that corporate investors, led by Sparton Corporation of Jackson, Michigan Jackson is a city located along Interstate 94 in the south central area of the U.S. state of Michigan, about 40 miles (0 km) west of Ann Arbor. It is the county seat of Jackson County, Michigan6. , have purchased a minority stake in the company for $4.75 million. Cybernet, a ten year old Ann Arbor technology firm headed by Heidi Jacobus, has launched a series of new products and partnerships that will complement the company's historical R&D contract business. Funds from the investment will be used to further commercialize products in the computer networking
Computer networking is the engineering discipline concerned with communication between computer systems or devices. , virtual reality and medical systems fields. Cybernet recently merged its Force Feedback business (gaming and simulation joysticks and control devices) with Immersion Corporation of San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. in return for an equity position. Similar partnerships are being pursued for other Cybernet intellectual property. Sparton (NYSE NYSE See: New York Stock Exchange :SPA), an electronics contract manufacturer, sees opportunities to cooperate with Cybernet in the medical instrumentation market. Mr. John Smith, Chairman 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 Sparton said, "We look forward to working with Cybernet on certain of its newly developed products." Strategic investments in Internet video technologies by another corporate investor led to their participation in the Cybernet private placement. Cybernet's commercial products include NetMAX, a comprehensive network server software package based on the Linux operating system. Visit our website at www.netmax.com |
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