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Presstek Selling Lasertel

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GREENWICH, Conn., Nov. 23, 2009 – Digital offset printing products maker Presstek Inc. announced Monday it will sell its Tucson, Ariz.-based laser diodes subsidiary, Lasertel Inc., to Selex Sensors and Airborne Systems (Selex S&AS) Inc. for $10 million. Under the deal, Selex S&AS, the US arm of Italy-based Selex Galileo, part of Finmeccanica’s defense electronics business unit, will pay $8 million in cash and provide Presstek with $2 million worth of laser diode inventory. Selex S&AS, which has its headquarters in Arlington, Va., will assume the current lease on the Tucson Lasertel property. Lasertel...Read full article

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    Published: November 2009
    Glossary
    digital
    Denoting the use of binary notation; i.e., the representation of data by bits (1 or 0).
    electronics
    That branch of science involved in the study and utilization of the motion, emissions and behaviors of currents of electrical energy flowing through gases, vacuums, semiconductors and conductors, not to be confused with electrics, which deals primarily with the conduction of large currents of electricity through metals.
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    Businesscomputer-to-plateConnecticutdealdebtdefensedigitalelectronicsEmploymentFinmeccanicagraphic artsItalyJeff Jacobsonlaser diodesLasertelNews & FeaturesoffsetphotonicspressesPresstekSELEX Sensors and Airborne SystemsSensors & DetectorstransactionVirginiaLasers

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