Edmonton, Alberta, November 20, 2000 - Micralyne Inc. announced today that is has entered into an agreement whereby it will transfer the staff and business of its former Systems Division to AMC Technologies Corporation of Edmonton, Alberta. As a part of the transaction, 13 staff will leave Micralyne and join AMC Technologies. Micralyne's remaining 63 staff will continue as employees of Micralyne. Both companies expect to expand operations over the coming year and continue to be based in Edmonton, Alberta.
"The sale of the Systems Division is a part of our strategy to concentrate on our core competency of microfabrication. Micralyne is now completely focused on microfabrication and its use in biotechnology and telecommunication applications. In addition, this transaction will allow our former systems business to fully realize its potential", said Chris Lumb, President and CEO of Micralyne.
Jim Morin, President and CEO of AMC Technologies, commented, "We are excited about the future of AMC Technologies. The company has a proven track record and is developing exciting new technologies. The company's focus will be Internet-connected and other networked products for industrial control. We look forward to continuing our relationships with existing customers as well as growing the company significantly."
About Micralyne
Micralyne, based in Edmonton, Alberta, is a growing private company, and is one of North America's leading commercial micromachining companies. For over 15 years Micralyne has been a developer and manufacturer of micromachined products, producing components that enable orders of magnitude improvements in telecommunications and bioanalysis instrumentation.
About AMC Technologies
AMC Technologies, a private corporation based in Edmonton, Alberta, is a leading provider of electronic solutions for networked industrial controls and embedded systems applications. AMC Technologies has delivered embedded electronic solutions to customers since 1983, and has over 100 person-years of experience developing solutions for data acquisition, control and instrumentation applications.
For further information contact:
Mr. Chris Lumb
President & CEO
Micralyne Inc.
1911 - 94 Street
Edmonton, Alberta
Canada T6N 1E6
Phone: 780-431-4400
clumb@micralyne.com
Mr. James P. Morin
President & CEO
AMC Technologies Corp.
#201, 8625 -112 Street
Edmonton, Albeta
Canada T6G 1K8
(780) 492-0321
www.amctechcorp.com
