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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Brief Excerpt:

...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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MA56740_110401
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MLA:
MarketLine Financial Deals. "Cantronic Systems sells QWIP Technologies" Mar 30, 2011. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Cantronic-Systems-sells-QWIP-Technologies-2052-60422>
  
APA:
MarketLine Financial Deals. (2011). Cantronic Systems sells QWIP Technologies Mar 30, 2011. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Cantronic-Systems-sells-QWIP-Technologies-2052-60422>
  
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