January 10, 2001
Telenetics Corp., a Lake Forest designer of wireless communications products, said Tuesday that it has signed a manufacturing agreement with Comtel Electronics Inc. in Tustin. Financial details were not disclosed. Telenetics said in a news release that the contract enables it to start producing data transmission products that it licensed two months ago from a Motorola Inc. division.
December 13, 2000 |
Telenetics Corp. said Tuesday that it expects fourth-quarter revenue to be relatively flat, but the Lake Forest designer of wireless data-communications products said sales the first three months next year should exceed $7 million. Telenetics said in a press release that a recent contract with Motorola Inc. should boost sales. Sales in last year's final quarter were $1.6 million.
November 22, 2000 |
Telenetics Corp. said Tuesday it expects its recent licensing agreement with Motorola Inc. to triple 2001 revenue, making the company profitable for the year sooner than the company had expected. Lake Forest-based Telenetics, which provides wireless communications systems, will manufacture, market and further develop Motorola transmission products under the agreement. For the six months ended June 30, Telenetics lost $3.9 million, or 29 cents a share, on revenue of $4.3 million.
September 12, 2000 |
Telenetics Corp., a Lake Forest provider of wireless technologies and products, said Monday that it has named Shala Shashani as chairman and Terry Parker as president and chief executive. The company said in a press release that Shashani and Parker replace Michael Armani, who was named chairman emeritus. Shashani, a major shareholder and director for four years, heads SMC Group, an Orange County management consulting firm. Parker has held various managerial positions with GTE Corp.
August 25, 2000
The Lake Forest company, which designs products and systems that collect data from industrial devices, posted a second-quarter net loss of $2.7 million, or 19 cents a share, compared with a net loss of $128,952, or 2 cents a share, for the 1999 second quarter. Sales dropped to $1.3 million from $3.8 million.
June 20, 2000
Telenetics Corp., a Lake Forest provider of proprietary wireless data communications products, said Monday that it has closed a financing agreement for $50 million in equity capital over the next 18 months. The financing was arranged through the investment banking firm of Ladenburg Thalmann & Co.