II-VI Incorporated (IIV) Announce Sale of it X-Ray and Gamma-Ray Radiation Sensor Business
More News related to IIVI
- II-VI Incorporated Announces Results of Shareholders' Meeting and Board of Director Appointments; Introduces New CVD Diamond Product Line
- II-VI Incorporated (IIVI) Tops Q1 EPS by 7c; Guides In-line for Q2 and FY
- II-VI Incorporated Reports First Quarter Earnings, Initiates Fiscal Year 2010 Guidance
- II-VI Incorporated to Webcast FY 2010 First Quarter Conference Call
- Shares of II-VI (IIVI) Continue Higher Following Sidoti Upgrade
More News related to Corporate News
- Communications Systems (JCS) Reports Year-Over-Year Decline in Q3 Earnings
- Communications Systems (JCS) Posts Q3 EPS of $0.22, Down Y/Y
- Atmos Energy (ATO) Posts Q4 Loss of $0.17, Wider than Estimates
- China Digital TV (STV) Misses Q3 EPS by 2c; Guides Below for Q4
- Ralcorp (RAH) Misses Street's Q4 Views; Announces 7M Share Buyback
II-VI Incorporated (Nasdaq: IIVI) announced the sale of its x-ray and gamma-ray radiation sensor business, doing business as eV PRODUCTS, Inc. ("eV"), to Endicott Interconnect Technologies, Inc., ("EI") of Endicott, New York.
Financial terms of the transaction were not disclosed.
"The sale of eV will allow us to focus our financial resources and devote greater attention to our core businesses," said Francis J. Kramer, president and chief executive officer of II-VI Incorporated. "We believe Endicott Interconnect has the operational qualities and strategic fit to maximize the value of eV's differentiating material and sensor capabilities in the markets serviced by eV."
II-VI Incorporated has accounted for eV as a discontinued operation and excluded from its operating results effective since the third fiscal quarter ended March 31, 2008 when the Company originally announced its intention of selling eV.
II-VI Incorporated develops, manufactures, and markets materials and derivative precision components and products for precision use in industrial, medical, military, and aerospace applications worldwide.[SM]
Related Categories
Corporate NewsStocks Mentioned
+0.09Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
