VANCOUVER – Brio Technology Co., the North American arm of Brio Technology Ltd., a Beijing-based EMS company, will move into a new 130,000 sq. ft. building in next month.
Within the new facility, which spans eight floors, one floor is slated for prototype and preproduction runs.
Foothill Ranch, CA – Valor Computerized Systems has opened a dedicated business unit in Latin America. Dante Dominguez will serve as general manager for the region.
Over the past year Valor has built up its presence in Central and South America, adding local engineering resources. According to the company, local markets show significant signs of revival, proving to be effective competitors to offshore markets.
Glen Cove, NY— PCB manufacturer Photocircuits Corp. has received approval to proceed with the sale of substantially all of its assets, including the assumption of certain liabilities, to a long term equity investor.
A private equity investor is currently the leading bidder in the auction. The firm has stated its intention to operate the business with the current management team and employees.
The final purchase price is subject to other offers that might arise at the formal auction on February 6.
The sale will bring Photocircuits nearer to the completion of its reorganization under Chapter 11 of the U. S. Bankruptcy Code.