Here are the NextPath press release that relate to
acquisitions announcements from earlier in the year,
when it was known as Hyperion Technologies (HYPE)
Hyperion Technologies Inc. Makes Announcement
HILLSBOROUGH, N.C. (Feb. 4) BUSINESS WIRE -Feb. 4, 1999--Hyperion
Technologies Inc.'s (OTC BB: HYPE)("Hyperion") President, James R. Ladd
Thursday announced that Hyperion has entered into an agreement to
acquire Sagebrush Technology Inc. ("Sagebrush") a company based in
Albuquerque, N.M.
Sagebrush designs, manufactures and markets high precision positioning
and motion control devices and systems. The systems are based on the
proprietary Roto-Lok drive technology developed by Donald G. Carson,
the founder of Sagebrush.
Sagebrush provides design, engineering, fabrication, assembly and
delivery for a broad variety of clients. Sagebrush's clients include
IBM, Raytheon Systems Company, Hughes Aircraft, Intel, McDonnell
Douglas and the U.S. Navy, Naval Air Warfare Center.
"We believe that Sagebrush has tremendous profit potential. The company
has just begun to tap the potential applications of the Roto-Lok
technology. We are looking forward to working with Don Carson and his
staff as Sagebrush continues to expand in the fields of motion control
devices. Sagebrush recently completed its $250,000 prototype for AT&T
in motion control hardware," said Ladd.
Statements in this news release looking forward in time are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.
Investors are cautioned that forward-looking statements involve risks
and uncertainties, including general economic conditions, delays and
risks associated with the negotiation, implementation and/or
performance of contracts, consumer and industry acceptance, and
regulatory actions and risks.
Hyperion Technologies Inc. trades on the NASDAQ Electronic Bulletin
Board under the symbol: "HYPE".
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CONTACT: Hyperion Technologies Inc., Hillsborough
James R. Ladd, 919/644-0600
Fax: 919/408-1887
Hyperion Technologies Announces Acquisition of Willow Systems Ltd.
HILLSBOROUGH, N.C. (April 6) BUSINESS WIRE -April 6, 1999--Hyperion
Technologies Inc. (OTC BB:HYPE) Tuesday announced that it has entered
into an agreement to acquire Willow Systems Ltd., a privately owned
company headquartered in Albuquerque, N.M.
The acquisition is being done through purchase, in a combination of
cash and stock, and is subject to the completion of a definitive merger
agreement and the satisfaction of other conditions customary in
transactions of this nature. The parties expect to consummate the
merger on or about May 1, 1999.
Willow Systems Ltd., specializes in providing custom real-time motion
control and electronic device solutions, with leading edge technologies
in the areas of gimbals and photographic/electro-optical systems,
including the capability to translate motion control requirements into
reliable, low cost hardware solutions.
Recently selected as one of the New Mexico Flying Forty, Willow Systems
Ltd. ranks 16th in that group.
James R. Ladd, president and chief executive officer of Hyperion
Technologies Inc., stated, "The acquisition of Willow Systems is
designed to expand our technological capabilities in an ongoing effort
to become a major player in the wireless communication field.
"Together with the acquisition of Sagebrush Technology, we are forming
core technologies that will propel the company forward aggressively
into the marketplace."
Ladd went on to state, "The acquisition of both Sagebrush Technology
and Willow Systems is expected in 1999 to materially contribute to
future revenue growth and acretive earnings for Hyperion."
Douglas Elerath, Ph.D., the founder and chief executive officer of
Willow Systems added, "We are excited about joining Hyperion
Technologies and becoming an integral component of what we believe to
be a tremendous organization, with a wide breadth of technological
capabilities, already demonstrating outstanding synergy, with other
companies joining the Hyperion family.
"It is our strong belief that these synergistic relationships will
ensure the success of the combined companies and the venture going
forward."
Statements made in this press release that are not historical or
current facts are "forward looking statements" made pursuant to the
safe harbor provisions of federal securities laws.
Forward looking statements represent management's best judgement as to
what may occur in the future, but are subject to certain risks and
uncertainties that could cause actual results and events to differ
materially from those presently anticipated or projected.
Such factors include adverse economic conditions, entry of new and
stronger competitors, inadequate capital, unexpected costs, and failure
to capitalize upon access of new clientele.
Specific risks and uncertainties which may affect forward looking
statements about the business and prospects include the possibility
that a competitor will develop a more comprehensive or less expensive
solution to the company's services or products and delays in the market
awareness of Hyperion and its product and service solutions.
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CONTACT: Hyperion Technologies Inc., Hillsborough
KEYWORD: NORTH CAROLINA NEW MEXICO
Hyperion Technologies Inc. to Acquire Laser Wireless Inc.
HILLSBOROUGH, N.C. (April 16) BUSINESS WIRE -April 16, 1999--Hyperion
Technologies Inc. (OTC BB:HYPE) Friday announced that it has entered
into an agreement to acquire Laser Wireless Inc., a privately owned
company headquartered in Lancaster, Pa.
Laser Wireless Inc. will be acquired by a combination of cash and
Hyperion stock. Consummation of the acquisition is subject to the
completion of a definitive merger agreement and the satisfaction of
other conditions customary in transactions of this nature. The parties
expect to consummate the merger on or about May 1, 1999.
Laser Wireless Inc. has over 12 years experience in the field of
optical communications. It specializes in the design and manufacture of
wireless optical atmospheric communications systems.
These systems can transmit video, voice, telephone and data through the
atmosphere on a beam of light for distances of up to two kilometers,
with fully automatic beam steering. The systems do not require FCC
licenses.
According to James R. Ladd, president and chief executive officer of
Hyperion Technologies Inc., "The acquisition of Laser Wireless Inc. is
a major milestone in our efforts to build a dynamic, profitable
company.
"We believe the technological capabilities of Laser Wireless make it a
perfect partner for Sagebrush Technology Inc. and Willow Systems Inc.,
two other companies we are also acquiring."
Ladd went on to state, "The acquisition of Sagebrush, Willow Systems
and Laser Wireless will position Hyperion to become a leader in the
wireless communication field."
Richard Walter, the founder and CEO of Laser Wireless Inc., added: "We
are delighted to be joining Hyperion. We are excited about the
potential synergy we can have with Sagebrush Technology Inc. and Willow
Systems Inc. Together our technologies can create dynamic new products
capable of capturing a significant niche in the wireless communication
market."
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CONTACT: Hyperion Technologies Inc., Hillsborough
James R. Ladd, 919/644-0600
Hyperion Technologies Inc. Announces Agreement
HILLSBOROUGH, N.C. (May 3) BUSINESS WIRE -May 3, 1999--Hyperion
Technologies Inc. (OTC BB:HYPE)("Hyperion") Monday announced that it
has entered into an agreement to acquire NextWave Photonics, LLC, a
privately owned company headquartered in Largo, Fla.
NextWave Photonics, LLC will be acquired by Hyperion for stock, subject
to the completion of a definitive merger agreement. Hyperion and
NextWave expect to consummate the merger on or about May 15, 1999.
Nextwave Photonics, LLC is a start-up research and development company
which focuses on the development of new and innovative MicroElectro
Mechanical Systems (MEMS) and associated controls and electronics. MEMS
are machines so small that they are imperceptible to the human eye,
with gears no larger than a grain of pollen. NextWave is focusing on
the optical applications of MEMS technology.
The initial efforts of NextWave have been on the development of a high
speed fiber optic switch that will control communications routing over
fiber optic networks. This switch will be compatible with the high
capacity wavelength division multiplexed (WDM) fiber optical systems
that are expected to dominate the fiber optic communications market
over the next decade.
This market is expected to grow to more than $3 billion by the year
2006. NextWave Photonics, LLC expects to become a major supplier to
this industry.
NextWave is headquartered in the Pinellas STAR (Science, Technology and
Research) Center in Largo. The Pinellas STAR Center is being developed
to become the nexus high technology complex in Florida, with
significant investment by both the federal and state governments to
promote the furtherance of this goal.
A major investment is being made in a MEMS fabrication facility
adjacent to NextWave's offices. NextWave is a "founding member" of this
MEMS facility, and this position will provide NextWave with excellent
access to the tools required to develop products to a market ready
position.
NextWave also has established a strategic alliance with Willow Systems
Ltd., which is also being acquired by Hyperion Technologies Inc. Willow
Systems Ltd. is located in Albuquerque, N.M., a major center for MEMS
design and development.
Statements in this news release looking forward in time are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.
Investors are cautioned that forward-looking statements involve risks
and uncertainties, including general economic conditions, delays and
risks associated with the negotiation, implementation and/or
performance of contracts, consumer and industry acceptance, and
regulatory actions and risks.
Hyperion Technologies Inc. trades on the Nasdaq Electronic Bulletin
Board under the symbol: HYPE.
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CONTACT: Hyperion Technologies Inc., Hillsborough
James R. Ladd, 919/644-0600
Fax: 919/408-1887 |
