Chorum to Acquire Polytronix

RICHARDSON, Texas -- Chorum Technologies Inc., a leading innovator of all-optical processors and subsystems in the fast-growing fiber-optics market, today announced it has entered into a definitive agreement to acquire Polytronix, Inc., a leading manufacturer of Liquid Crystal Display (LCD) technologies. Polytronix's key technologies consist principally of standard and custom-made LCDs for application in the telecommunications, healthcare, aerospace and consumer electronics industries. Polytronix, based in Richardson, Texas, will operate as a wholly owned subsidiary of Chorum Technologies. It was acquired in a transaction accounted for as a purchase. Additional terms were not disclosed.

"This is an outstanding addition to Chorum Technologies," said Scott Grout, Chorum Technologies president and CEO. "With Polytronix's advanced liquid crystal technology, we will be able to accelerate the introduction of Chorum Technologies' next generation of all-optical processors."

http://www.chorumtech.com