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OP Tech Acquisition

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rleffler

Joined: 05 Nov 2006
Posts: 680

Posted: Thu Aug 23, 2007 3:00 am Post subject: OP Tech Acquisition

Deems, Gary, et al, 



So is the acquisition of Op Technologies by Aerosonics good or bad?  Or is

it too early to tell?   Just curious...........



I would use Stein for my panel too, but since I'm still stuck on elevators

at the moment, it's a ways off.



bob

_________________
Bob Leffler
N410BL - Phase I
http://mykitlog.com/rleffler

poneill(at)irealms.com
Guest

Posted: Thu Aug 23, 2007 3:59 am Post subject: OP Tech Acquisition

Hmmm... I'm hoping "good" since I ordered mine 5 weeks ago.  But I don't

know enough about the deal or Aerosonics to say.  When did this occur?



Best Regards,

Patrick Oneill

#40715



--

speckter(at)comcast.net
Guest

Posted: Thu Aug 23, 2007 5:27 am Post subject: OP Tech Acquisition

Too early to tell yet.  I go down to Stein this afternoon to do an

operations check on the nav and com equipment.  I guess we will see if we

are orphans or the beginning of something capable of competing with Garmin

et al.



Gary

40274



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n212pj(at)gmail.com
Guest

Posted: Thu Aug 23, 2007 5:33 am Post subject: OP Tech Acquisition

Taking a look at their website leaves one wondering if they are a big player

at all.  Maybe for the military?   



--

rleffler

Joined: 05 Nov 2006
Posts: 680

Posted: Thu Aug 23, 2007 6:11 am Post subject: OP Tech Acquisition

CLEARWATER, Fla. -- August 22, 2007 -- Aerosonic Corporation (AMEX:AIM), a leading supplier of precision flight products for commercial, business and military aircraft, announced today that the Company has purchased 100% of the outstanding stock of Op Technologies, Inc. ("Op"), an Oregon-based developer and manufacturer of cockpit glass display solutions.



Op currently produces a series of cockpit display solutions for experimental general aviation, including the Pegasus Integrated Avionics System. Op has also been developing similar products for FAA-certified aircraft.



"The addition of Op Technologies' expertise and products to our company will allow us to compete on a larger scale across a wider number of aircraft models, and this transaction creates a path for meaningful revenue growth and reduces our cost and time to market for a family of products that addresses a significant component of our strategic plan," stated David Baldini, Aerosonic's Chairman, President and Chief Executive Officer. "We believe that this transaction will establish a new platform for future growth and will allow us to better serve our present and future customers." 



Aerosonic Corporation, headquartered in Clearwater, Florida, is principally engaged in the manufacture of aviation products. Locations of the Company include Clearwater, Florida and Earlysville, Virginia. For additional information, visit the Company’s website at www.aerosonic.com.



This document contains statements that constitute "forward-looking" statements within the meaning of the Securities Act of 1933 and the Securities Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. "Forward-looking" statements contained in this document include the intent, belief or current expectations of the Company and its senior management team with respect to future actions by officers and directors of the Company, prospects of the Company's operations, profits from future operations, overall future business prospects and long term stockholder value, as well as the assumptions upon which such statements are based. 



Investors are cautioned that any such forward-looking statements are not guarantees of future performance, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those contemplated by the forward-looking statements in this document include, but are not limited to, adverse developments with respect to the resolution of current stockholder litigation, adverse developments involving operations of the Company's business units, failure to meet operating objectives or to execute the business plan, and the failure to reach revenue or profit projections. The Company undertakes no obligation to update or revise the forward-looking statements contained in this document to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results over time.



[quote] 

 From: "Patrick ONeill" <poneill(at)irealms.com>

 Date: 2007/08/23 Thu AM 07:09:23 EST

 To: <rv10-list(at)matronics.com>

 Subject: RE: OP Tech Acquisition

 

 

 

 Hmmm... I'm hoping "good" since I ordered mine 5 weeks ago.  But I don't

 know enough about the deal or Aerosonics to say.  When did this occur?

 

 Best Regards,

 Patrick Oneill

 #40715

 

 --

_________________
Bob Leffler
N410BL - Phase I
http://mykitlog.com/rleffler

Deems Davis

Joined: 09 Jan 2006
Posts: 925

Posted: Thu Aug 23, 2007 6:58 am Post subject: OP Tech Acquisition

I don't know, My guess is that they want to continue to support the EXP 

market as thats the ONLY source for revenue for  OP at the moment. As 

all mergers/acquisitions go ultimately it depends on how its managed. Op 

was growing and expanding at the time. (their prices were increasing as 

well!).There major focus this past year has been certification of their 

10 inch product for the Cirus retro fit market. Its got all of the 

function that the G1000 has (minus the same functions that we have in 

the EXP product, syn vis, HITS, etc). Some of the things they are 

putting in the certified product have found their way into the EXP 

product recently (XM weather, e.g) and talking to Darren, they have a 

list of others they want to move as well.



Deems Davis # 406

'Its all done....Its just not put together'

http://deemsrv10.com/

Now if only I could find an 'affordable' FLIR camera...........

Tim Olson

Joined: 25 Jan 2007
Posts: 2879

Posted: Thu Aug 23, 2007 9:06 am Post subject: OP Tech Acquisition

I don't know that it'll be predictable what will happen now.

Not knocking the product, because it seems fairly strong to me.

The thing is, usually when a company wants to be bought out, they're

getting down to their last dime.....and the purchase is brought

about because the selling price got so low that it starts to

look very attractive.  I don't know much about Aerosonics, but

having not heard of them in the past, and from a very short

amount of digging, they don't seem to be a very large company.

So when someone like that buys another company, it does seem

like we'll really have to wait and see how it'll turn out.



There are mergers and buy-outs that go very well for the companies

involved, so this could be a great thing too.  For me though,

every time I've been personally involved in one, it's just led

to the same economic issues down the road, just under the new

ownership.  We'll have to wish for the best, but I know that

we've heard it time and time again from people that there are

too many EFIS players in the market.  I for one though was

thinking that OP was one of the more likely to succeed. I

hope that's right.



Tim Olson - RV-10 N104CD - Flying

do not archive

Bob Leffler wrote:

 	  Quote: 	
		   

 

 Deems, Gary, et al, 

 

 So is the acquisition of Op Technologies by Aerosonics good or bad?  Or is

 it too early to tell?   Just curious...........

 

 I would use Stein for my panel too, but since I'm still stuck on elevators

 at the moment, it's a ways off.

 

 bob

speckter(at)comcast.net
Guest

Posted: Thu Aug 23, 2007 1:20 pm Post subject: OP Tech Acquisition

I was down at Stein's today trying to debug some items on the panel and

needed to call OP for info.  Because of the purchase they are not taking any

calls.  Does not give one a warm fuzzy.  Visions of Direct to?



Gary

40274



--

Tim Olson

Joined: 25 Jan 2007
Posts: 2879

Posted: Thu Aug 23, 2007 1:57 pm Post subject: OP Tech Acquisition

Well, I would say it can't be a flashback to D2.....I mean,

D2 was being run by at least one person fully acting as a

criminal, and personally stealing the money that was sent to

them.  This isn't anything like that...it's just a buyout.



I was informed today by our mutual pal that I was way off base

as to the size of the company.  Sure, their website makes it

look like they just make some basic stuff, but I guess they

make that basic stuff for the big iron.  So, it could be a

good thing.  Just have to figure out if they're buying it

to keep distributing towards experimental, or if they're

buying it to buy all the patents and use it on their

large and military type stuff.  With a company with some

cash, it could breathe life into a company that might have

been cash starved.  I guess we'll see.

Tim Olson - RV-10 N104CD - Flying

do not archive

gary wrote:

[quote] 

 

 I was down at Stein's today trying to debug some items on the panel and

 needed to call OP for info.  Because of the purchase they are not taking any

 calls.  Does not give one a warm fuzzy.  Visions of Direct to?

 

 Gary

 40274

 

 --

rvbuilder(at)sausen.net
Guest

Posted: Thu Aug 23, 2007 2:15 pm Post subject: OP Tech Acquisition

Starting to sound like another Chelton/Sierra acquisition.  I never heard of the Chelton Group before that.



Michael

Do not archive.



--

stein(at)steinair.com
Guest

Posted: Thu Aug 23, 2007 2:39 pm Post subject: OP Tech Acquisition

Well...I truly don't have any more information than anyone else regaring the

OP acquisition.  What I do know from past lives in the airline business is

that Aerosonic is not some small player in a small market.  They are a large

(many tens of million $$) company that supplies products to very high end

and heavy iron.  At least in that market I know they are well entrenched and

well respected.  I've not personally dealt with them or their products in a

long time.



I also do not yet have any 1st hand knowledge of the situation other than

what we all have read online so I'd be remiss to comment any further without

knowing any details.



What I do know is that both Gary and Deems have REALLY nice panels.  The

work Gary did on his panel looks like it came out of an professional

avionics shop, and I think you'll all be impressed when you see it in the

plane.  Deems already has a panel that is good looking so I don't want to

make his head any bigger!



Hopefully we'll all have some good news in the near future.  I guess we'll

all have to sit and wait to see how this shakes out.



Just my 2 cents as usual.



Cheers,

Stein.



[quote]--

speckter(at)comcast.net
Guest

Posted: Thu Aug 23, 2007 7:06 pm Post subject: OP Tech Acquisition

Thanks Stein for the compliment.  Large head feels good

Gary



--

speckter(at)comcast.net
Guest

Posted: Mon Aug 27, 2007 8:27 am Post subject: OP Tech Acquisition

Both Stein and I were able to contact OP Tech today and over the weekend.

It sounds like the OP guys are happy about the merger.  We are again able to

get tech service so all is good.  I am sure there will be changes but all

feel they will be good ones.  A great load off my mind.



Gary

40274



--

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