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StockerYale Sells 2 Units

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SALEM, N.H., March 2, 2006 -- StockerYale Inc., a Salem, N.H., provider of photonics-based products, announced today it has completed the sale of two of its business units that it previously announced it was exiting effective Dec. 31. The company's StockerYale Asia subsidiary was sold to Radiant Scientific Pte. Ltd., and its fiber optic lighting business was sold to Techni-Quip Corp. of Pleasanton, Calif. The two business units were sold for a total of $1.1 million, which included $525,000 in cash and the assumption of approximately $570,000 of liabilities. The sale to Radiant, which was...Read full article

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    Published: March 2006
    CommunicationsConsumerdefensefiber optic lightingindustrialNews & FeaturesRadiant ScientificSensors & DetectorsSpecialty Optical FiberStockerYaleTechni-Quip

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