Employees purchase SKY Computers Inc.

February 03, 2007 (PRLEAP.COM) Business News
CHELMSFORD, Mass. — Feb. 1, 2007 — SKY Computers Inc., a supplier of standards-based, high-performance embedded computer systems for radar, sonar, semiconductor and industrial inspection applications, announced today that the company has been purchased from Analogic Corp. (NASDAQ:ALOG) by former SKY employees. Upon completion of the acquisition, the company has relocated its corporate headquarters to Chelmsford, Mass., from the Analogic corporate offices in Peabody, Mass.

As a wholly-owned subsidiary of Analogic, SKY has been focused on the custom manufacturing and servicing of its installed customer base. Under its new ownership, SKY Computers will resume its product development initiatives and enhancements. In addition to furnishing hardware support for SKY’s installed base for the SKYchannel product line, the new ownership will service and support both the SKYchannel architecture and the newer, Linux-based SMARTpac models. The company will also continue to provide complete system integration services. While continuing to service SKY’s existing customer base, the SKY team plans to announce regular new product initiatives in the near future.

“After a brief hiatus, we are pleased to have SKY Computers fully operational again,” said Henry Shean, president and CEO of SKY. “Our team includes a talented, experienced group of individuals who know the technology and the industry. We will continue to offer our customers the full range of services and support and technical excellence that SKY has been known for, but now our customers will benefit from our rededication to product design and innovation.”

The ownership of the reorganized SKY Computers is made up of employees who were involved in the management, product development and operations of the new company. The purchase price was not disclosed.

About Analogic Corporation
Analogic Corporation is a leading designer and manufacturer of advanced health and security systems and subsystems sold primarily to Original Equipment Manufacturers (OEMs). The Company is recognized worldwide for advancing the state of the art in Computed Tomography (CT), Digital Radiography (DR), Ultrasound, Magnetic Resonance Imaging (MRI), and Patient Monitoring. For more information, visit www.analogic.com.

About SKY Computers Inc. – High Performance Computing
SKY Computers Inc. is a supplier of standards-based, embedded, high performance computer systems. SKY’s broad range of commercial off-the-shelf products meets the requirements for high-performance embedded computing applications. Standards based hardware and open-source software are combined with advanced technologies to provide solutions for demanding government electronics, industrial inspection, medical imaging and security applications. The product lines, based on industry standard architectures, are SKYchannel (VME) and SMARTpac (infiniband). The company also provides system integration services. More information on SKY Computers Inc. is available at www.skycomputers.com.

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Media Contacts:

Henry Shean
SKY Computers Inc.
Ph: 978-250-2420
Email: shean@skycomputers.com

Paula Slotkin
Ph: 781-404
Email: pslotkin@topazpartners.com