Printer Friendly

OPTICAL RADIATION CORP. ANNOUNCES CONCLUSION OF THE SALE OF CERTAIN ASSETS TO BALLANTYNE

 AZUSA, Calif., March 22 /PRNewswire/ -- Optical Radiation Corp. (NASDAQ: ORCO) today announced it had concluded the sale of certain assets of its Cinema Products division to Ballantyne of Omaha, Neb., a wholly-owned subsidiary of ARC International Corp. (AMEX: ATV).
 Terms of the transaction were not disclosed.
 The assets acquired by Ballantyne include the Century projector and audio visual Xenographic product lines and distribution rights to Isco Ultra-Star projection lenses in North America.
 Richard D. Wood, president and chief executive officer of Optical Radiation, said, "The sale of these assets will enable our company to better focus its attention on its core medical and consumer optical businesses."
 Optical Radiation designs and manufactures a wide range of precision optical components and systems for medical, industrial and scientific applications.
 -0- 3/22/93
 /CONTACT: Richard D. Wood, president and CEO of Optical Radiation Corp., 818-969-3344; or Roger S. Pondel of Pondel Parsons & Wilkinson, 310-207-9300, for Optical Radiation Corp./
 (ORCO)


CO: Optical Radiation Corp.; Ballantyne; ARC International Corp. ST: California IN: SU: TNM

JB -- LA028 -- 8318 03/22/93 15:09 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 22, 1993
Words:178
Previous Article:HARMON INDUSTRIES FILES PUBLIC OFFERING OF 1,000,000 SHARES OF COMMON STOCK
Next Article:FERREN BECOMES SENIOR VICE PRESIDENT, CREATIVE TECHNOLOGY, FOR WALT DISNEY IMAGINEERING


Related Articles
OPTICAL RADIATION CORP. ISSUES STATEMENT REGARDING LAWSUITS
OPTICAL RADIATION REPORTS RESULTS
OPTICAL RADIATION CORP. REPORTS RESULTS
OPTICAL RADIATION CORP. AND ARC INTERNATIONAL CORP. ANNOUNCE DEFINITIVE SALES AGREEMENT
OPTICAL RADIATION CORP. REPORTS RESULTS
OPTICAL RADIATION APPOINTS NEW GROUP PRESIDENTS
OPTICAL RADIATION REPORTS FIRST QUARTER RESULTS
OPTICAL RADIATION COMMENTS ON 13D FILING
OPTICAL RADIATION BOARD SETS DEADLINE TO RECEIVE WRITTEN OFFERS
OPTICAL RADIATION SIGNS AGREEMENT TO SELL INTRAOCULAR LENS BUSINESS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters