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Telenetics Corp

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BUSINESS
April 4, 2001
Telenetics Corp. in Lake Forest said Tuesday that it has been awarded a $1-million contract for the continued supply of its proprietary modems to a major electric utility automation project in China. The company said in a news release that since 1998, it has been the exclusive supplier of proprietary industrial grade data communication devices required to provide links between the utility's main distribution station and about 6,500 remote terminal units installed on the project.
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BUSINESS
April 4, 2001
Telenetics Corp. in Lake Forest said Tuesday that it has been awarded a $1-million contract for the continued supply of its proprietary modems to a major electric utility automation project in China. The company said in a news release that since 1998, it has been the exclusive supplier of proprietary industrial grade data communication devices required to provide links between the utility's main distribution station and about 6,500 remote terminal units installed on the project.
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BUSINESS
May 4, 2000
Lake Forest-based Telenetics Corp. said Wednesday it completed its acquisition of Racon Inc., a Seattle-based supplier of microwave products. Financial terms were not disclosed. Telenetics makes data-communications products.
BUSINESS
March 22, 2001 | Dow Jones
Telenetics Corp., a Lake Forest provider of industrial-grade modems and wireless products, said Wednesday that it has named Chairman Shala Shashani to the additional positions of chief executive and president. Shashani replaces Terry Parker, who left two months earlier than scheduled for health and personal reasons.
BUSINESS
March 22, 2001 | Dow Jones
Telenetics Corp., a Lake Forest provider of industrial-grade modems and wireless products, said Wednesday that it has named Chairman Shala Shashani to the additional positions of chief executive and president. Shashani replaces Terry Parker, who left two months earlier than scheduled for health and personal reasons.
BUSINESS
June 6, 1999
Telenetics Corp. said it agreed to acquire Sunnyvale General Devices and Instruments Inc., a Reno, Nev., supplier of communications and network products for the traffic-management industry. Terms were not disclosed. Telenetics, a Lake Forest maker of data-communications products, said it expects the transaction will be completed by the end of the month. Sunnyvale General Devices would be absorbed into Telenetics' Traffic Automation Division.
BUSINESS
November 22, 2000 | Dow Jones
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.
BUSINESS
December 13, 2000 | Dow Jones
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.
BUSINESS
September 12, 2000 | DOW JONES
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.
BUSINESS
November 17, 1999
The Lake Forest wireless data-communications company posted a third quarter net loss of $268,000, or 3 cents a share, compared with a net loss of $306,000, or 3 cents a share, for the like period last year. Sales rose to $2.7 million from $606,000.
BUSINESS
March 9, 2001
Telenetics Corp. said it has been awarded an $876,000 multiyear contract to provide microwave radios to the Navy. The first radios are to be installed in the Navy's aerial targeting and gunnery ranges within 90 days, according to the Lake Forest company, which designs wireless communication products.
BUSINESS
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.
BUSINESS
December 13, 2000 | Dow Jones
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.
BUSINESS
November 22, 2000 | Dow Jones
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.
BUSINESS
September 12, 2000 | DOW JONES
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.
BUSINESS
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.
BUSINESS
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.
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