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Photran Halts Operations, Terminates Employees

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MINNEAPOLIS, Minn., April 14 -- Photran Corp., a manufacturer of high performance optical and electrically-conductive thin-film-coated products for the flat-panel display industry, is closing its doors and terminating its employees. The action follows a series of setbacks that left the firm without money for ongoing operations. The move followed a decision by Photran's principal secured creditor and primary funding source to refuse to extend additional credit to the company. Over the past year, Photran terminated most of its 100-plus person workforce and pursued aggressive marketing...Read full article

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    Published: April 1999
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