Dynics, Inc.
4330 Varsity Drive
Ann Arbor, MI 48108
734-677-6100
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FOR
IMMEDIATE RELEASE
Two
Ann Arbor Based Industrial Computer Manufacturers
Combine Operations
ANN ARBOR, MI, July 20, 2005 – Ann Arbor
Technologies Corporation and Dynics, Inc., both
leading manufacturers of industrial computer systems,
announce that the two companies have entered into
an agreement to merge operations through the purchase
of Ann Arbor Technologies’ assets and liabilities
by Dynics for an undisclosed sum.
The company will keep the Dynics name with Ed
Gatt, owner and president of Dynics, remaining
as company president while James Drenning and
Rick Barnich, both principles and officers of
Ann Arbor Technologies, will both serve on the
corporate board and maintain executive positions
at Dynics.
Dynics will support and promote the Ann Arbor
Technologies and Dynics product lines through
the combined existing distribution and representative
channel of more than 50 firms. To accommodate
the combined companies, operations will be moved
to a new 15,000 sq. ft. office and manufacturing
facility located at 4330 Varsity Drive, Ann Arbor
MI.
“This combination of two similar sized firms
gives us an opportunity to not only gain economies
of scale from increased size, operational efficiencies
and lower production costs, but also position
the company for future growth by offering a full
product line of flat screen industrial computers,
touchscreen monitors and system enclosures to
the marketplace through our expanded distribution
channel,” states Ed Gatt. “In addition,
the merger also allows us to take advantage of
increased cash flows that can be used for additional
product advertising and promotion along with exploring
additional markets outside of industrial automation
that require rugged computers.”
James Drenning, president of Ann Arbor Technologies,
mentions, “Our two companies are very complementary.
Our product-based strategy offsets Dynics’
custom project based business and our joint employee
skill sets fill gaps in both organizations. The
combined product and resource strength of the
two companies paves the way for future growth.”
Mr. Gatt continues, “In the increasingly
commodity marketplace of industrial computers,
products and solutions are differentiated through
the value they offer at a low price. By utilizing
a shared inventory and our in-house metal fabrication
shop, we are able to lower production costs of
existing systems to continue providing competitive
pricing. In addition, we also add value by offering
customized, turnkey solutions for any application
that requires a NEMA rated industrial computer,
monitor or enclosure system. “
The transaction is expected to be final by end
of the month.
About Dynics, Inc.
Dynics manufactures computer modules, flat panel
touch screen monitors, integrated workstations,
rackmount computers and offers a single source
for turn-key, embedded or standard, operating
systems. Dynics offers the most comprehensive,
flexible product line with custom integration.
Our products are made and supported in the United
States and are competitive with any off-shore
manufacture. Dynics is dedicated to supporting
channel partners with a profitable business alliance
that includes award-winning products, excellent
service and support, and solid tools to meet specific
space, environment, or performance criteria.
About Ann Arbor Technologies
Ann Arbor Technologies manufactures rugged flat
panel industrial computers and monitors used primarily
for industrial automation applications. Since
the company’s founding in 1988, Ann Arbor
Technologies has been focused on providing quality
industrial hardware solutions for the marketplace
by designing, building and servicing their systems
in Ann Arbor, MI. By offering operator interface
devices that incorporate large LCD TFT displays
ranging in size from 12” to 21” and
various touchscreen technologies, Ann Arbor Technologies
supplies the “latest technology at competitive
prices” for factory floor automation.
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