Technipower Systems, Inc.(fka TECZ)

[Toastamatic]

Well it may be too low, but perhaps they have no other option now but to cut it loose to clear the debt. It would be an admission that they made a mistake to acquire it in the first place, but better that that them going bankrupt due to their debt load.

It does seem strange that they would want to change the name to Technipower if they had intention to sell that part of the business.

If they truly want to turn their patents into products then they will need the funding to do so. If there is no source of outside funding, then they will need to sell what assets they have in a deal such as this.