VIENNA – An AT&S division has developed a GPS/AGPS module, thus breaking into the ODM market.
AT&S Solutions made the high sensitivity GPS/AGPS receiver module for Hitachi High-Technologies Europe.
AT&S Solutions handles hardware development and production, and printed circuit board assembly. Hitachi High-Technologies will market the modules through its worldwide distribution network.
The main uses are navigation systems, tracking systems and fleet management.
MELVILLE, NY – Park Electrochemical Corp. will close its
restructure its Mirebeau, France, business unit and reorganize its business in
Lannemezan, France, as part of a proposed broad European restructuring.
Should the plan go through, the company expects a one-time pretax
charge of about $5 million to $6 million in the third or fourth quarter.
MELVILLE, NY – Park Electrochemical Corp.’s Nelco Products
business will cut an unspecified number of jobs at its Fullerton, CA, laminate manufacturing site.
The company expects to take a third-quarter charge of
$100,000 for employment termination benefits.
Earlier, Park announced plans to close its digital laminates production plant in France, and also trim some operations at its microwave materials plant there.
The company spent some $50 million to upgrade its US plants in 2000.
ITASCA, IL – M-Wave announced today an asset purchase
agreement with its management team under which the company will transfer
substantially all of its operating assets and certain liabilities in exchange
for $500,000.
CHANUTE, KS– Sierra Midwest has received their International Traffic in Arms Regulations (ITAR) registration, a requirement for businesses manufacturing or exporting defense articles or providing defense services. Sierra believes that this recognition, combined with its MIL spec, will give it the tools needed to compete in today’s growing defense market.