This came out today and I think more will follow...
PMAH News
PlasmaTech Inc. (PMAH) Announces LOI to Acquire RF Wireless Solutions LLC
LAS VEGAS--(BUSINESS WIRE)--PlasmaTech, Inc. (Pink Sheets: PMAH) (www.plasmatechwireless.com) announced today that it has entered into a Letter of Intent in contemplation of a definitive agreement to acquire RF Wireless Solutions, LLC, a privately held Nevada corporation that develops and manufactures a comprehensive line of wireless card access control and data acquisition transceivers. PlasmaTech expects to complete its due diligence and close the transaction within the next 30 days. The combined entity will be known as PlasmaTech, Inc.; the company’s stock symbol will remain the same.Pursuant to the terms of the agreement, PlasmaTech will acquire all rights, title and interest in the leading-edge products and intellectual properties of RF Wireless Solutions, LLC as well as over 80 copyrights and patents for hardware and software, including 35 relating to Long-range Bluetooth applications and TCP/IP products.
The RF Wireless Solutions’ Diamond Sentry product line has met with market acceptance in both the government and private sectors. The platform combines various technologies such as ZigBee/802.15.4, cellular, Wi-Fi, Ethernet and Satellite connectivity into a single unified system for WAN, LAN and PAN Security. The Diamond Sentry II family of products consists of advanced wireless integrated solutions manufactured and distributed by the company to build voice, streaming video and data security into secured wireless networks.
PlasmaTech products and services equip security solution service providers, automation specialists, and Data and IP service providers with the tools to build previously limited and unimaginable, multi-revenue producing networks that provide high-quality, highly reliable, as well as high speed, monitoring and data transmission, Card Access Control and video surveillance services utilizing radio frequencies instead of wires. The card access control industry alone is a $120 billion industry worldwide.
"We are enthusiastic about the synergistic profit potential represented in the acquisition of RF Wireless Solutions. The company’s product line is already working in many applications around the world and providing value-added services and network components for systems that are in high demand,” said PlasmaTech President, Marvin Williams. “PlasmaTech’s acquisition of RF Wireless Solutions and its state-of-the-art product lines will help ensure rapid and consistent deployment, competitive pricing and the continued technological advancement of quality solutions for a growing worldwide market. The market is huge, and we intend to capture an appreciable share of it," he said.
ABOUT PLASMATECH, INC.
PlasmaTech, Inc. is an innovator in the development, design, manufacturing and worldwide marketing of secure wireless solutions for consumer, industrial and government applications. PlasmaTech’s platform technology provides military-grade encryption security for the transmission of data, voice and video over wireless data communication links, offering extreme distances that were previously unachievable in the industry. Visit the Company’s website at www.plasmatechwireless.com.
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