ANGS.OB Goes Green with Merger
Angstrom Technologies Corp announced the completion of a merger with Angstrom Microsystems Inc., a “green” computing solutions company. The Company will officially change its name to “Angstrom Microsystems Corp.” to reflect the merger and new company focus.
Angstrom Microsystems Inc. is one of the top “green” computing companies in the United States. It provides a broad range of technology solutions to data centers, which are notorious for utilizing large amounts of power. Some of the solutions include workstations specifically designed for data center usage, a software-based acceleration designed to reduce the number of machines needed to perform tasks, and a unique, liquid-cooled blade system. This combination, of fewer machines with lower-cost cooling solutions, results in greater energy efficiency and significant savings for companies operating large data centers.
Current Angstrom Technologies Corp CEO, Alpha Pang, commented, “I am excited in the new direction our company will take with this merger. We believe we are now able to move the company forward in a positive direction to help create shareholder value. The server market alone is a several-billion-dollar industry; the fact that we believe Angstrom Microsystems Inc., addresses a bourgeoning problem within this industry offers even more value and opportunity to our company.”
Lalit Jain, the founder of Angstrom Microsystems Inc., has been named the new CEO of Angstrom Microsystems Corp., and will lead the merged companies toward a new, green focus. Jain, who attended MIT, has many years of technology experience and led Angstrom Microsystems Inc. to a reported $50 million in revenue since it was founded.
Mr. Jain stated, “I am excited by this opportunity to lead this company and hope to enhance shareholder value by adding Angstrom’s powerful energy-saving solutions. With energy prices soaring to record levels and energy consumption surging throughout the world, Angstrom reduces energy usage in the data center to do more with less. Going green used to mean spending more of your hard earned ‘green.’ However, using Angstrom solutions is an environmentally-conscious way to save your ‘green’ from day one!”
