Day: December 14, 2021

Tek84 expands high tech security solutions for border control and law enforcement with Videray’s patented, handheld x-ray scanning devices SAN DIEGO, Dec. 14, 2021 (GLOBE NEWSWIRE) — Tek84 Inc., a global leader in high technology imaging and security solutions, today announced that it has made a significant strategic equity investment in Videray Technologies, Inc. Tek84 has also provided working capital funding to Videray, via a convertible note, to fund growth and expansion. In addition, Tek84 President Kevin Russeth has been appointed to the Videray Board of Directors while Videray Chief Executive Officer and founder Paul Bradshaw will continue to lead the company. Boston-based Videray is the world leader in building and designing miniaturized handheld x-ray imaging devices for customs and law enforcement applications around...

ANDOVER, Mass. and LONDON, Dec. 14, 2021 (GLOBE NEWSWIRE) — MKS Instruments, Inc. (NASDAQ: MKSI) (“MKS”), a global provider of technologies that enable advanced processes and improve productivity, and Atotech Limited (NYSE: ATC) (“Atotech”), a leading process chemicals technology and advanced electroplating solutions company, today provided the following update on MKS’ previously announced pending acquisition of Atotech. The pending acquisition has received the approval, or indication of imminent approval, from 12 out of 13 global antitrust regulatory authorities, which approvals are conditions to the closing of the transaction. In China, the remaining jurisdiction, MKS and Atotech are continuing to work constructively with the State Administration for Market Regulation (“SAMR”), and now anticipate closing the acquisition in the...

HAUPPAGE, New York, Dec. 14, 2021 (GLOBE NEWSWIRE) — Orbit International Corp. (OTC PINK:ORBT) today announced that it has entered into a definitive agreement to acquire the business of Panel Products, Inc. of Carson, California (“Panel”) (the “Transaction”). The Transaction, which is structured as a purchase of assets, and is subject to certain specified closing conditions, is expected to close on or about December 31, 2021. In connection with the Transaction, Orbit has formed a new subsidiary, Simulator Product Solutions LLC, which will be majority owned by Orbit, with a minority equity interest to be held by Panel. It is intended that Nabil Radi, the founder of Panel, will continue his leadership of Panel’s business as President of Orbit’s newly formed subsidiary. In addition, Orbit intends to keep Panel’s operation in the Carson/Long...

Mr. John Rhee, President, SolarWindow Technologies, Inc.Mr. John Rhee, SolarWindow President, LQE Director & ShareholderSCOTTSDALE, Ariz. and SEOUL, South Korea, Dec. 14, 2021 (GLOBE NEWSWIRE) — SolarWindow Technologies, Inc. (Symbol: WNDW) announced today that it has received notification that Light Quantum Energy Holdings (“LQE”), a company owned and controlled by SolarWindow President and Director, Mr. John Rhee and his immediate family, has acquired 62% of the issued and outstanding shares of SolarWindow Technologies, Inc. (nearly 72% on a fully diluted basis) from former controlling stockholder, Kalen Capital Corporation and its subsidiaries (“Kalen Capital”), in a privately negotiated deal. Details of the December 8, 2021 share purchase and sale agreement are provided in the Company’s 8-K filed with...