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Article: JMAR Technologies Acquires Continuum Engineering Inc.; Names Company Founder Steven Sarfati Manager of Position and Motion Control Products.
- Article from:
- Business Wire
- Article date:
- December 15, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN DIEGO--(BUSINESS WIRE)--Dec. 14, 1998--
Highly Synergistic Move Strengthens JMAR's Presence in Key Product
Areas, Allows More Rapid Expansion Into Important New Markets
JMAR Technologies Inc. (Nasdaq NM:JMAR), a growing provider of precision micro-technology products, today announced that it has acquired Continuum Engineering Inc., a privately owned Los Angeles-based supplier of precision, low-cost motion control systems for the microelectronics industry, for 92,160 unregistered shares of JMAR stock. The seller could receive additional shares of JMAR stock in the future contingent upon attainment of certain performance goals.
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