DTx Inc. To Be Acquired By CONTEC

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DTx Inc. announced today that it will be acquired by CONTEC Co., Ltd. of Osaka, Japan. DTx is an Original Design Manufacturer (ODM) providing embedded systems to global manufacturers of medical devices, industrial automation and defense applications. CONTEC is a leading provider of industrial control technology, testing, and communication electronics.

Excellence in OEM Systems Design, Engineering & Embedded Solutions - providing embedded computers, advance and touchscreen display, all-in-one (AIO) panel PCs, ruggedized tablets, electro-mechanical subassemblies, and turnkey solutions for medical device, life science, military, industrial and aerospace & defense OEMs.

DTx, the ODM for OEMs

The DTx product and technology roadmap is also greatly enhanced by bringing CONTEC’s expanded hardware and software engineering capabilities to our clients.

The Board of Directors of DTx Inc. announced today that it has agreed to sell DTx to CONTEC Co., Ltd. of Osaka, Japan. The acquisition is expected to close on December 31, 2012.

DTx provides embedded systems to leading manufacturers of medical devices, industrial automation and defense applications. CONTEC is a leading provider of industrial control technology, testing, and communication electronics.

Randall E. Poliner, Chairman of DTx, stated, “CONTEC’s global footprint for service and support will be a huge advantage for the existing client base which is already world-wide in operation. The DTx product and technology roadmap is also greatly enhanced by bringing CONTEC’s expanded hardware and software engineering capabilities to our clients. This partnership began through our efforts to deliver higher value solutions into an increasingly global market. Being part of the same company to seamlessly deliver on our promises is a natural evolution.”

DTx is headquartered in Melbourne, Florida, employs 72 people in the Melbourne area, and has sales offices in California, Wisconsin and New Jersey. The Company has excelled in designing, manufacturing, maintaining and providing long-life logistics support for high reliability systems that are embedded into sensitive and regulated environments such as medical devices. DTx has experienced consistent profitability and growth since it was founded. The Company anticipates continuing expansion of the Melbourne workforce and facilities as it becomes part of the CONTEC organization and can provide another level of unique solutions to the customer base.

DTx was formed by Art Schmitt, Gene Garofalo and Dan Butler through a management buyout supported by Antares Capital, a Florida-based venture fund. The Company quickly met a need to design, manufacture and then manage stable solutions that resisted the constant changes in the commercial marketplace yet allowed for the economic benefits of building systems from commercial off-the-shelf parts. In 2004, DTx implemented a proprietary Automated Manufacturing Execution System, which provides some of the most sophisticated product control, traceability and testing available in support of the customers’ regulatory and supply chain requirements.

Eijiro Urushizaki, President and CEO of CONTEC, commented, “We have had two strategic goals for CONTEC. One, to increase our U.S. market sales in a meaningful way and, two, to gain a significant presence in the medical market. Acquiring DTx is important to us in developing both objectives. DTx also gives us an enhanced opportunity in our traditional businesses in industrial automation and other embedded products. We would not have committed to this acquisition without a sincere belief that the management and staff of DTx are among the best we’ve seen and look forward to supporting them further in their plans for continued and rapid growth.”

About DTx: DTx is a recognized authority in supplying highly reliable, embedded systems and advanced display solutions. As an Original Design Manufacturer (ODM), we provide Engineering, Manufacturing and Supply Chain Management services to OEMs in the medical device, industrial automation and defense industries. We deliver value through product design and innovation, life cycle management, logistics and post-warranty support for processor-based technologies. Our end-to-end solutions enable OEMs to focus on their core competencies.

About CONTEC: CONTEC was founded in 1975 as a subsidiary of DAIFUKU, a global leader in material handling and industrial automation. Building on that heritage of innovation, CONTEC became one of the first manufacturers to put PC-based technologies to work in industrial applications. Today, CONTEC offers an extensive catalog of Industrial Control Technology products and services, making it a solution provider of choice to enterprises looking for a single source of world-class microelectronics products, service and long-term support. Headquartered in Osaka, Japan, CONTEC has offices and facilities in Tokyo, China, Taiwan and the United States. CONTEC Co., LTD is traded on the Tokyo Stock Exchange (6639:JP) and DAIFUKU Co., LTD is traded on the Tokyo Stock Exchange (6383:JP).

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Kevin Manuel
DTx Inc.
(321) 821-7052
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