Cantronic Systems sells QWIP Technologies - MarketLine Financial Deals

Cantronic Systems sells QWIP Technologies

Cantronic Systems sells QWIP Technologies - MarketLine Financial Deals
Cantronic Systems sells QWIP Technologies
Published Mar 30, 2011
2 pages — Published Mar 30, 2011
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...Cantronic Systems, Inc., a Canada-based designer, manufacturer and marketer of infrared thermal imaging and CCTV camera systems, has completed the sale of QWIP Technologies, Inc. Announcement (March 29, 2011): Cantronic Systems has entered into a definitive agreement to sell QWIP Technologies. In addition, Cantronic has also agreed to sell North American Business, comprising the thermal imaging business located in Coquitlam, British Columbia, to Skytech Systems, Inc. The total transaction is valued at approximately CAD5.7 million ($5.82 million) subject to post-closing adjustments, reflecting a purchase price of CAD4.3 million ($4.39 million) and accrued interest of CAD1.4 million ($1.43 million), with payments to Cantronic scheduled over a nine year period. Cantronic, through its US subsidiary QWIP Technologies, holds a worldwide, exclusive license from the California Institute of Technology to produce and sell infrared detectors and sensors based on Caltech s Quantum Well Infrared Photodetector...

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MarketLine Financial Deals—MarketLine Financial Deals – Identifying and tracking major financial activity across our full scope of company and sector coverage, MarketLine Financial Deals covers mergers & acquisitions, private equity/venture capital backed buyouts, investments, and exits, IPOs and secondary and follow on offerings, and private placements and exits. Additional non-corporate financial deals including partnership agreements, joint ventures, co-development and research, licensing and co-marketing agreements are also available.

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MarketLine Financial Deals. "Cantronic Systems sells QWIP Technologies" Mar 30, 2011. Alacra Store. May 21, 2018. <>
MarketLine Financial Deals. (2011). Cantronic Systems sells QWIP Technologies Mar 30, 2011. New York, NY: Alacra Store. Retrieved May 21, 2018 from <>
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