NEWINGTON, Va., April 15 -- Sensytech Inc. announced it has entered into an agreement to acquire all of the outstanding stock of Imaging Sensors and Systems Inc. (ISS), a Winter Park, Fla., provider of forward-looking infrared radar (FLIR) and visible spectrum imaging systems for military and commercial applications. The purchase price is in the form of cash and stock, with earn-out payments if certain defined performance objectives are met. The closing is expected to occur later this week.
Sensytech makes makes electronic surveillance, communication and imaging systems.
S. Kent Rockwell, chairman and CEO of Sensytech, said, "This acquisition fits neatly with our marketing and product direction for the airborne imaging component of our Surveillance Technology Group, which is engaged primarily in providing products and engineered solutions to the intelligence community, homeland defense/security applications and select international customers. ISS brings needed engineering capability and an existing product line of mobile ground and airborne FLIR systems. Their product offerings are complimentary to the airborne hyperspectral imaging solutions currently offered."
For more information, visit: www.sensystech.com