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Optelecom-NKF Sells EO Unit to Nufern

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GERMANTOWN, Md., April 12, 2010 — Video surveillance equipment maker Optelecom-NKF Inc. announced Monday it will sell its Electro Optics coil manufacturing business to Nufern for $1.4 million. The Electro Optics unit makes fiber optic gyroscope coils, primarily for the US government. Nufern, a subsidiary of Rofin-Sinar technologies, manufactures fiber optics products, including gyroscope fibers and fiber lasers and amplifiers. Selling the unit will allow Optelecom-NKF to focus on its key business, the company said. "This transaction will ensure the continuity and customer focus of this important technology,"...Read full article

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    Published: April 2010
    Glossary
    gyroscope
    A gyroscope is a mechanical device consisting of a spinning disk or wheel mounted on a spinning axis in such a way that its orientation remains fixed regardless of any movement of its mounting structure. Gyroscopes are used to measure or maintain orientation and angular velocity in various applications, such as navigation systems, aircraft stabilization, robotics, and more. The principle behind a gyroscope is based on the conservation of angular momentum, where the spinning motion of the disk...
    agreementAmericasamplifiersBusinessCommunicationsDave Pattersonelectro opticsfiber lasersfiber opticsgyroscopeindustrialMarylandNufernOptelecom-NKFRofin-SinarsellShareholdertechnology transfertransactionUSLasers

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