Sencore Flirts With Wegener

Companies enter into Letter of Intent regarding potential acquisition of Wegener

July 21, 2009

1 Min Read

SIOUX FALLS, S.D., and DULUTH, Ga. -- Sencore, Inc. and Wegener Corporation (Nasdaq: WGNR), today announced they have entered into a non-binding letter of intent regarding a possible acquisition of Wegener by Sencore.

The acquisition, if completed, would result in a combined company with a best in class management team with tremendous industry knowledge in the content delivery market to offer expanded products for customers, operational efficiencies and converged technology. "I am excited to explore a possible acquisition of Wegener Corporation by Sencore," stated John Suranyi, CEO of Sencore, Inc. "Wegener's employees, products and markets will be an excellent complement to Sencore's content delivery business. Combined, we believe that the company will generate substantial synergies and efficiencies in product development, marketing, administration, manufacturing, sales and distribution while delivering superior technology solutions and support to our customers."

"Sencore is a quality organization that we will be pleased to join," stated Robert Placek, Chairman and CEO of Wegener Corporation. "The combination of Sencore and Wegener Corporation should provide our customers continued access to innovative products and the exceptional support they have come to expect from WEGENER. We also believe that Sencore's global distribution capabilities will lead to a wider market for WEGENER's products."

Sencore Inc.

Wegener Corp.

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