To all,
I scaned this for todays business section (front Page)
Staff writer
In a marriage of two completely different technology companies, multimedia software developer TMM Inc. of Camarillo announced that it intends to buy Emission Controls Corp., a Colorado developer of a smog-control system.
The purchase will be in the form of a stock-for-stock exchange and the new company will be called TMM. The deal should be completed within a few weeks, company officials said.
It may seem like the creation of a corporate odd couple, but it s not, said Tom Simpson, TMM s chief technology officer.
"We ve dealt with them in the past," Simpson said. "They have the facilities we need and we know how to do what they want to do."
What TMM brings to the marriage is the ability to develop online training programs. TMM has developed a line of DVD and CDROM products as well as an Internet-based database system that allows users to create their own music CDs.
ECC brings the Natural Resources Fuel Reformer system, a
proprietary technology that produces a type of fuel that can burn cleanly and more efficiently.
The merger is a good fit for both companies, Simpson said. ECC owns a state-of-the-art multimedia production studio with conferencing capabilities and distance-learning classrooms.
"It would have cost us $2 million to build that studio ourselves," Simpson said.
Successfully marketing the NRFR system would be impossible without TMM s multimedia expertise, said ECC President Syd Cooke.
"One of the challenges of our effort is to be able to provide instant instruction for retrofit customers," Cooke said.
ECC describes its product as a solution for retrofitting cars that are not compliant with EPA emission standards and as a replacement for catalytic converters and other emission control systems.
Current plans are to market the NRFR systems for delivery next spring.
During the transition period both companies will work out of office space at the Lowry Air Force Base Development Park in Denver.
TMM will keep its Camarillo office, Simpson said.
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