COMMUNICATIONS CLOSES MANUFACTURING OPERATION
28, 2009, Baltimore, Maryland - Acrodyne Communications, Inc. announced
that it closed its manufacturing facility in Oaks, PA as of September
previously announced, Acrodyne Industries, Inc. closed its
manufacturing and engineering activities on September 30, 2009. This
action was unavoidable due to the current state of the television
transmission equipment market.
to closing its Pennsylvania operation, the company recently completed
the sale of its inventory and other assets, at a significant discount
from book value.
asset sale was conducted on a close bid basis and multiple bids were
received. Bidders were required to commit to providing continued
service to Acrodyne's customers' transmitters. Sinclair Broadcast Group
was the highest bidder and, in addition, was the buyer that offered the
best program to continue with service for Acrodyne's IOT and solid
received from the asset sale, along with cash generated through normal
operations will be used to pay as much as possible of the Company's
liabilities. The Company did not seek bankruptcy protection and instead
is maximizing payment to its creditors by redeploying what would have
been substantial legal fees.
technical service and parts support for Acrodyne Industries' extensive
installed base of transmitters is now available from Acrodyne Services,
LLC. There is not any affiliation between Acrodyne Services, LLC and
Acrodyne Industries, Inc.
use the link below to contact Acrodyne Services for all your technical
service and parts support needs.