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Eizo Nanao to Acquire Tech Source, Enter Air Traffic Control Industry
 

Tokyo, Feb 8, 2007 (JCN) - Eizo Nanao Corporation announced on February 6 thast it has entered into a definitive agreement to purchase the privately held Tech Source, Inc. of Orlando, Florida, USA.

The acquisition will be made through Eizo Nanao Corporation's wholly-owned North American subsidiary, Eizo Nanao Technologies, Inc. of Cypress, California, USA.

Tech Source Inc. is a specialist manufacturer of high-resolution graphics boards for air traffic control (ATC) and Sun Microsystems platforms.

Eizo Nanao Corporation's Mid-Term Business Plan (2006-2008) calls for creating new business by making existing business and products even stronger. In recent years EIZO has utilized its expertise in visual display products to expand into vertical markets such as medical imaging and graphics.

The acquisition of Tech Source, Inc. enables Eizo to enter the air traffic control field.

Tech Source, Inc. has been engineering and manufacturing graphics boards for more than 19 years. Its Raptor PCI family of graphics boards for ATC has a wide installation base in both the USA and Europe.

Eizo hopes that the combination of the two companies' software and hardware expertise will create new opportunities for continued growth for Eizo Nanao Corporation in ATC and other markets.

By Chris Lui Staff Writer

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