Comarco (CMRO) Completes Sale of Call Box Unit for $2.7M
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Comarco, Inc. (Nasdaq: CMRO) today announced that it has completed the sale of the assets of its call box systems business to Case Systems LLC, a significant milestone in its strategy to focus on its core operations.
Under the terms of the deal, Comarco will receive approximately $2.7 million in cash, subject to post closing adjustments, in exchange for the assets of the call box business and the assumption of certain related liabilities. Comarco does not anticipate incurring any material charges associated with the transaction.
Comarco, Inc., through its subsidiary, Comarco Wireless Technologies, Inc., designs and manufactures external mobile power adapters used to power and charge notebook computers, mobile phones, BlackBerry smartphones, iPods, and other rechargeable handheld devices.
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