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Argon ST Inc. has reached an agreement with
the majority owners of Radix Technologies to acquire the very successful
stock of Radix Technologies.
Radix, an industry innovator, designs and builds high performance,
leading signal processing systems. Radix builds and designs equipment
for both military and commercial usage. It creates applications
for Military, intelligence community, and commercial. The systems
have applications in exploration, geographic location, anti-jamming
GPS, and communications systems. The company used a strong heritage
in communications intelligence to build a highly respected foundation
in digital signal processing. The challenging and complex electronic
environments that we face today gave the company the trust of many
customers in signal reconnaissance techniques by the use of adaptive
beam development and jamming cancellation.
According to Robert Shanafelt, President and CEO of Radix Technologies,
Inc., "The acquisition of Radix by Argon ST is extremely positive
and beneficial to our customers, employees and stockholders. Radix's
leading edge signal processing technology for reconnaissance and
navigation will complement the Argon ST advanced signal intercept
and processing systems to create new business opportunities for
both organizations. The Argon ST capabilities will provide Radix's
customers with a stable corporate base for the development of full
operational systems." Radix owes its rich and varied intellectual
property base to its nationally recognized technical staff who will
be unaffected by the merger. Radix will continue to operate from
its Mountain View (CA) headquarters.
Terry Collins, CEO and President of Argon ST, Inc., stated, "The
opportunities… are tremendous. Radix's unique yet complementary
capabilities are especially important in our continuing efforts
to provide war fighters the advantages of information with the clarity
and timeliness required to impact operational decisions. Radix brings
solid engineering and innovative spirit to meet the unprecedented
challenges of today's complex and dynamic signals environment. I
am pleased that they will become a part of Argon ST." |