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Odetics Inc

BUSINESS
July 27, 2000 | Dow Jones
Odetics Inc., an Anaheim technology company, said Wednesday that it has retained an investment banker to help explore "strategic alternatives" for its Gyyr unit, which produces electronic security equipment. S.G. Cowen will help Odetics evaluate options for Gyyr, which Odetics has been planning to spin off.
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BUSINESS
June 13, 2000 | Times Staff and Wire Reports
Anaheim-based Odetics Inc. said Monday it has agreed to accept a reduction in the final payment from competitor Storage Technology Corp. in an amended settlement of their 4-year-old patent infringement lawsuit. Under the agreement, Storage Technology is paying $17.8 million rather than $20 million over two years to complete the settlement. "We've accepted a discounted amount, because they're paying early," Odetics chief operating officer Greg Miner said.
BUSINESS
June 7, 2000 | JOHN O'DELL, TIMES STAFF WRITER
Iteris Inc., an Anaheim sensors technology firm, has shipped the first mass-production order of a video-based lane-change warning system to DaimlerChrysler in Europe for use on Mercedes-Benz's Actros commercial trucks. The AutoVue lane departure warning system was developed by Iteris and DaimlerChrysler to help eliminate accidents caused by unintended lane changes.
BUSINESS
June 7, 2000 | John O'Dell
The first mass-production order of a video-based lane-change warning system has been shipped by an Anaheim sensors technology firm, Iteris Inc., to DaimlerChrysler in Europe for use as optional equipment on Mercedes-Benz's Actros commercial trucks. The AutoVue lane-departure warning system was developed by Iteris and DaimlerChrysler to help prevent accidents caused by unintended lane changes.
BUSINESS
March 23, 2000 | Bloomberg News
Odetics Inc., an Anaheim supplier of communications equipment and services, said it is postponing plans to spin off its Iteris Inc. unit because of volatility in the stock market. Earlier this week, Odetics had announced a two-day delay in its plans to distribute Iteris shares to Odetics shareholders. The unit makes traffic-management safety systems such as a device that warns drivers if their vehicles wander into another lane. Odetics shares fell 31 cents to $18.13.
BUSINESS
March 22, 2000 | Bloomberg News
Odetics Inc., an Anaheim supplier of communications equipment and services, said it is delaying the spinoff of its Iteris Inc. The spinoff had been scheduled for Tuesday, but shares now will probably be distributed to Odetics shareholders on Thursday, the parent company said in a press release. The spinoff is being treated as a tax-free exchange under a decision by the Internal Revenue Service, Odetics said.
BUSINESS
February 19, 2000
Odetics Telecom, an Anaheim maker of timing and synchronization products, said Friday it has changed its name to Zyfer Inc., effective immediately. Zyfer, a wholly owned subsidiary of incubator Odetics Inc., said the new name reflects the company's direction toward network and mass media data security markets.
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