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RAMTEK ANNOUNCES ACQUISITION

 RAMTEK ANNOUNCES ACQUISITION
 SAN JOSE, Calif., May 22 /PRNewswire/ -- Ramtek Corp. today


announced that it had entered into a letter of intent with MegaTape Corp. providing for the purchase of the assets and assumption of certain of the liabilities of MegaTape for a value of approximately $3.3 million.
 MegaTape is a systems integrator of packaged tape backup subsystems. MegaTape's software and interfacing electronics are integrated as backup storage devices into certain DEC and IBM systems markets.
 Ramtek Corp., headquartered in San Jose, designs and manufactures image processing systems and graphics display systems for markets such as remote sensing, reconnaissance and surveillance, natural resource management, environmental studies, geographical sciences, command and control, forensic science and medical imaging.
 -0- 5/22/92
 /CONTACT: Bill R. Finley of Ramtek, 408-954-2700/ CO: Ramtek Corporation ST: California IN: CPR SU: TNM


RM -- SJ001 -- 3398 05/22/92 15:13 EDT
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Publication:PR Newswire
Date:May 22, 1992
Words:146
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