(PRWEB) February 8, 2003
Cedar Knolls, NJ Â February 8, 2003 Â Xybion Corporation announced today that it has sold the business and assets of its Sensor Positioning Systems Division (XPS) located in Clearwater, Florida to Atlantic Microwave Corporation (AMC) Bolton, Massachusetts, which is a wholly owned subsidiary of Cobham, plc (London:COB.L).
XPS develops and manufactures direct drive positioners used primarily for high-speed, precision optical sensor tracking applications. XPS will be known as Atlantic Positioning Systems (APS), a division of AMC with its operations and personnel remaining in Clearwater, Florida. The XPS product line compliments AMCÂs existing RF tracking business by employing state-of-the-art digital control and communication technology achieving micro-radian accuracies. The US and foreign military, Homeland Defense and other security agencies use these products in a wide range of sophisticated applications.
ÂCombining the expertise of XPS and AMC will enhance XPSÂs business opportunities. In particular, the synergism of the two organizations will have a significantly positive impact on XPS's ability to provide its customers with high-quality solutions and world-class customer support," said David M. Neglia, President and CEO, Xybion Corporation.
Terms and conditions of the transaction have not been disclosed.