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FOR IMMEDIATE RELEASE
CERALTA
TECHNOLOGIES ESTABLISHES PLATFORM TO ACQUIRE AND BUILD DIVERSE GROUP
OF RADIO FREQUENCY, MICROWAVE AND DIGITAL TECHNOLOGY COMPANIES
May
15, 2008 - Peabody, MA: Ceralta Technologies, Inc. (Ceralta) was formed
by the investment group which originally owned TRU Corporation (TRU)
by merging TRU into Ceralta and subsequently acquiring Sage Laboratories,
Inc. (Sage). Both TRU and Sage are now wholly owned subsidiaries of
Ceralta. Ceralta’s mission is to creatively apply radio frequency
(RF), microwave and digital technologies to enhance the competitive
position of its customers and in turn, their customers.
Ceralta’s focus is on the application of RF, microwave and digital
technologies to specific industries and markets including: defense;
aerospace; homeland security; counter IED; satellite and wireless communications;
medical diagnosis and therapy; semiconductor; test and measurement;
flat panel display and solar energy applications. The market remains
fragmented with a high rate of technological change that requires significant
capital investment. In pursuing its growth objectives, Ceralta will
selectively target other acquisitions in the RF, microwave and digital
technology field with a primary focus on companies, which have the ability
to provide unique technical solutions to defined market segments.
Chairman of the Board and Chief Executive
Officer of Ceralta stated, “Forming Ceralta is a significant step
in positioning TRU and Sage for growth. We are now uniquely positioned
to provide leading edge component and subsystem solutions to targeted
customers and markets. As additional acquisitions are integrated, there
will be greater opportunity to develop deeper customer relationships
and provide higher-level technological solutions to our customers. I
am very excited about the combination of TRU and Sage as we now provide
greater value to our customers than either company would be able to
provide as a stand-alone business.”
The President of TRU, Scott O’Neil, said, “Since our inception,
TRU Corporation has become well known for its creative interconnect
solutions, particularly in the high power segment of the market. We
look forward to working closely with Ceralta and Sage to pursue our
joint goals for expansion by finding new business opportunities within
our customer base, thus leveraging our combined component and subsystem
design and manufacturing capabilities. Ceralta, TRU and Sage make a
powerful combination that will significantly enhance our ability to
service our customers and markets.”
“We are very happy to have Ceralta Technologies as our parent,”
said Anthony Cappello, President of Sage. “Ceralta is continuing
to make investments in the Sage business to maintain and grow our technical
capabilities and operational efficiencies to better serve our growing
customer base. This investment will enable us to add even greater value
for our customers through new product development in our heritage component
products as well as subsystems. Sage embraces the opportunity to work
with TRU in developing joint opportunities within our targeted markets.”
About
Ceralta Technologies, Inc.
Ceralta Technologies, Inc., the privately held parent of TRU Corporation
and Sage Laboratories, is focused on RF, microwave and digital technologies.
Ceralta’s strategy is to build a diverse group of leading RF,
microwave and digital technology companies focused on the design, development
and manufacture of innovative component and subsystem solutions across
the aerospace, defense and various commercial markets. Ceralta is actively
pursuing selective investments in other targeted RF, microwave and digital
technology companies. More information about Ceralta Technologies can
be found at www.ceraltatechnologies.com.
About
TRU Corporation
TRU Corporation develops and manufactures solutions that encompass the
entire spectrum of RF and microwave interconnectivity. TRU provides
unique and creative RF and microwave interconnect solutions in a fast
turnaround, flexible manufacturing environment tailored to suit the
challenging needs of existing and emerging markets. TRU targets the
defense, space, semiconductor, flat panel display, homeland security,
medical and other commercial markets. TRU is known for its expertise
in RF and microwave proprietary cables, cable assemblies, connectors
and components with unique attachment and assembly methods. TRU operates
from a 40,000 square foot facility located in Peabody, MA. TRU has created
breakthrough RF and microwave interconnect products for over 50 years.
More information about TRU Corporation can be found at www.trucorporation.com.
About
Sage Laboratories, Inc.
Sage Laboratories, Inc. designs and manufactures RF, microwave and digital
components and subsystems for technically demanding applications. Sage
products include IFM/DFD receivers, multifunction assemblies, converters,
filters and several component types including mixers, rotary joints,
phase shifters, couplers, power dividers and switches. Sage engineered
solutions are targeted at leading edge OEMs and prime contractors in
the aerospace, defense, counter IED, homeland security, medical, test
and instrument and communications markets. Sage operates from a new
40,000 square foot state-of-the-art facility located in Hudson, NH.
Sage embraces lean manufacturing techniques and maintains clean room
assembly and extensive environmental screening and test capabilities.
Sage was founded in 1955 and has been a leading-edge provider of unique
high performance components and subsystems for over 50 years. More information
about Sage Laboratories can be found at www.sagelabs.com.
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If
you would like more information on this topic or to explore the opportunity
of a potential investment by or partnership with Ceralta Technologies
please contact Corporate Development at corpdev@ceraltatechnologies.com. |
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