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Presstek to Sell Lasertel Subsidiary - Printing Industry News from WhatTheyThink
Presstek, Inc., a leading manufacturer and marketer of digital offset printing business solutions, today announced it has entered into a definitive agreement to sell its wholly owned subsidiary, Lasertel, Inc. to SELEX Sensors and Airborne Systems (US), Inc. ("SELEX S&AS"), a business development, marketing and U.S. product support arm of SELEX Galileo. SELEX Galileo is part of Finmeccanica's defense electronics business unit.
Lasertel develops and manufactures high-powered laser diodes for a variety of industries, including graphic arts. Presstek uses these laser diodes in its Presstek DI(R) digital offset presses and the Dimension Excel Series of computer-to-plate systems.
Cary Sherburne spoke to Presstek this morning. From Print CEO - Printing Industry News and Opinion – Presstek Sells Lasertel :
WTT: Over what period of time do you estimate that $2 million in lasers will be consumed?
Presstek: It represents only one type of the MEPS [Editor’s note: Multiple Emitter Package, four beams out of one laser diode package] product, and will last us for several years.
WTT: Will Lasertel continue to be your source of lasers once that supply runs out?
Presstek: We have a two year agreement to buy all of our MEPS product at the same price, and we also look forward to establishing a continuing relationship with them beyond two years for the continued supply of diodes.
WTT: Obviously, the cash is helpful, and Lasertel has already been working with SELEX for some time, with more opportunity in that space than graphic arts. However, Presstek in the past had always stated it was important to control both the media and the imaging system in order to ensure full system compatibility. What assurances are built into the proposed situation that will ensure Presstek is able to continue to meet these objectives?
Presstek: Presstek retains the right to design and use diodes in its products for the graphic arts market, and in addition to Lasertel there are several other manufacturers from which we can source diodes.
Presstek, Inc., a leading manufacturer and marketer of digital offset printing business solutions, today announced it has entered into a definitive agreement to sell its wholly owned subsidiary, Lasertel, Inc. to SELEX Sensors and Airborne Systems (US), Inc. ("SELEX S&AS"), a business development, marketing and U.S. product support arm of SELEX Galileo. SELEX Galileo is part of Finmeccanica's defense electronics business unit.
Lasertel develops and manufactures high-powered laser diodes for a variety of industries, including graphic arts. Presstek uses these laser diodes in its Presstek DI(R) digital offset presses and the Dimension Excel Series of computer-to-plate systems.
Cary Sherburne spoke to Presstek this morning. From Print CEO - Printing Industry News and Opinion – Presstek Sells Lasertel :
WTT: Over what period of time do you estimate that $2 million in lasers will be consumed?
Presstek: It represents only one type of the MEPS [Editor’s note: Multiple Emitter Package, four beams out of one laser diode package] product, and will last us for several years.
WTT: Will Lasertel continue to be your source of lasers once that supply runs out?
Presstek: We have a two year agreement to buy all of our MEPS product at the same price, and we also look forward to establishing a continuing relationship with them beyond two years for the continued supply of diodes.
WTT: Obviously, the cash is helpful, and Lasertel has already been working with SELEX for some time, with more opportunity in that space than graphic arts. However, Presstek in the past had always stated it was important to control both the media and the imaging system in order to ensure full system compatibility. What assurances are built into the proposed situation that will ensure Presstek is able to continue to meet these objectives?
Presstek: Presstek retains the right to design and use diodes in its products for the graphic arts market, and in addition to Lasertel there are several other manufacturers from which we can source diodes.
