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O.C. BUSINESS PLUS | ORANGE COUNTY BRIEFLY

Odetics Unit Sells Two Lines to Canadian Firm

April 12, 2001|Dow Jones

Odetics Inc.'s Gyyr unit said Wednesday it has sold the intellectual property and assets of its dome video and controller product lines to a Canadian company for about $1.3 million.

Gyyr said in a press release that it sold its Vortex Dome and Quarterback Controller lines to Silent Witness Enterprises Ltd., a video monitoring technology company in Surrey, British Columbia.

Gyyr said the sale allows it to focus on developing systems in the areas of network-based digital storage and remote video products.

Odetics stock lost 22 cents Wednesday to close at $2.98 a share on Nasdaq.

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