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Diva1963

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Diva1963

Re: None

Wednesday, 06/20/2012 10:34:16 AM

Wednesday, June 20, 2012 10:34:16 AM

Post# of 4232
Vuzix closes $8.5-million Tactical Display Group sale


Mr. Paul Travers reports

"VUZIX COMPLETES SALE OF ITS TACTICAL DISPLAY GROUP FOR $8.5 MILLION CASH ALONG WITH A $2.5 MILLION EARN-OUT

Vuzix Corp. has completed the sale of its business assets which consisted of the company's Tactical Display Group (TDG). TDG products include market-leading Tac-Eye head-mounted displays (HMDs) targeted at military and defence applications. TDG also produces display optics and electronics modules for light, thermal weapon systems for the U.S. Military and has performed engineering services to both the U.S. Military and other defence customers.

......."



http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aVZX-1970234&symbol=VZX®ion=C
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