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Litronic Industries

BUSINESS
November 9, 1999
Litronic Inc.: The Irvine provider of Internet data security services said it lost $1.4 million, or 14 cents a share, for the third quarter, compared with a net loss of $467,000, or 12 cents a share, for the same period last year. Revenue rose to $16.1 million from $1.8 million.
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BUSINESS
October 9, 1999 | Dow Jones
Shares of Litronic Inc. rocketed as much as 44% on Friday after the Irvine outfit unveiled its newest version of Profile Manager, a security software program that allows authorized users access to certain information via smart cards. The company made a presentation at the invitation-only Microsoft Smart Card '99 Business Development Conference in Redmond, Wash. "That's the only news," said Chief Financial Officer Tom Seykora.
BUSINESS
July 9, 1999 | (Dow Jones)
Litronic Inc. said Thursday that it plans to double its sales force and research and development staff by the end of 2000 and to acquire technology, products and business that complement its products. The Irvine company unveiled its plans for growth in the Internet security market and said it completed its acquisition of network integration consultant Pulsar Data Systems Inc. Financial terms of the acquisition weren't disclosed.
BUSINESS
June 10, 1999
Litronic Inc.'s initial public offering of 3.7 million shares of stock was priced at $11 a share. The Irvine Internet security firm had expected a price of $9 to $11 for the offering, originally planned at 3 million shares. The stock closed Wednesday at $11.13, up 13 cents a share, on the Nasdaq market.(Dow Jones)
BUSINESS
February 17, 1999 | From Bloomberg News
Litronic Inc., an Internet security company that helps ensure the privacy and authenticity of online communications, plans to sell a 33% stake to new investors in an initial stock offering, according to regulatory documents. The Irvine-based company plans to sell 3 million shares for $9 to $11 each in conjunction with its proposed acquisition of Pulsar Data Systems Inc. in a moved to help Litronic expand its customer base.
BUSINESS
June 2, 1998 | DARYL STRICKLAND, TIMES STAFF WRITER
Kris Shah, president of an Orange County electronics firm, has been named as a runner-up in the Small Business Administration's national competition for small-business person of the year. Shah, 59, who heads Litronic Industries Inc., an Irvine-based builder and designer of computer security systems, was chosen second runner-up in the competition. He qualified for the national contest after being named small business person of the year in California.
BUSINESS
June 2, 1998 | DARYL STRICKLAND, TIMES STAFF WRITER
Kris Shah, president of an Orange County electronics firm, has been named a runner-up in the Small Business Administration's national competition for Small-Business Person of the Year. Shah, 59, who heads Litronic Industries Inc., an Irvine-based builder and designer of computer security systems, was chosen second runner-up in the competition. He qualified for the national contest after being named Small-Business Person of the Year in California.
BUSINESS
May 15, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Orange County technology executive Kris Shah has been named the state's small-business person of the year by the U.S. Small Business Administration. Shah is founder and chief executive of Irvine-based Litronic Industries Inc., which builds and designs security systems for computers. The company, which employs 65 people, was started in 1970. "I felt honored, because there are so many thriving companies in the Silicon Valley," Shah said. "Normally, this award goes to Northern California companies.
BUSINESS
August 19, 1993
Litronic Industries of Costa Mesa said Tuesday that it has won a $9.6-million contract to provide encryption and electronic signature protection for Army Corps of Engineers financial management installations around the world. About 100 jobs will be created during the coming year at privately held Litronic's Costa Mesa plant. The company now has about 50 employees. "We see this contract as the tip of the iceberg for this technology," Litronic Industries spokesman Bob Gray said Tuesday.
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