Assets Related to Ceramics and Transducers Manufacturing Business

Sale of Assets of Channel Technologies Group, LLC, consists of inventory, supplies, work in process, documentation, tooling and equipment and other personal property, files, drawings, and other intellectual property specifically described on Exhibits A, B and C attached to the APA on the attached PDF.

Channel Technologies Group, LLC designs and manufactures piezoelectric ceramics, transducers, sonar equipment and other related products sold primarily to military, commercial, and industrial customers in the United States and internationally. Founded in 1959, the Company is based in Santa Barbara, California and previously operated a second manufacturing site with respect to its MSI subdivision (the assets of which were previously sold in this case) in Littleton, Massachusetts. The Company supplies its products to a variety of end-users, including the U.S. Navy and energy services companies.