DRXR @ 13.73 +1.03 8.11% 91.68K 3:10 PM
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April 1, 2004--Drexler Technology Corporation (Nasdaq:DRXR - News) announced that on March 31, 2004, it successfully concluded the acquisition of two related German card companies, Challenge Card Design Plastikkarten GmbH of Rastede, Germany, and cards & more GmbH of Ratingen, Germany, including their sales operations in the USA and Korea.
These acquisitions provide Drexler with a strong card manufacturing base to serve the European, Middle Eastern, African, and Asian markets, supplementing the Company's newly expanded manufacturing operations in California. The Company is in the process of enhancing the existing Challenge Card Design factory in order that finished optical cards may be manufactured in Germany. This will introduce the world's first full-service card manufacturing facility ready to supply cards featuring the key technologies demanded by the market -- optical memory, contact IC chip, contactless RF ID, and magnetic stripe, as well as many other high security
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