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MW NEWS

 

Amplus Communication and Omron JV
Omron Corporation acquisition of STI


Singapore – August 25th, 2007 – McLean Watson Capital today announced that a Singapore-based portfolio company, Amplus Communication Private Limited, is now a JV partner of Omron (Omron Corp; TSE:6645, ADR:OMRNY).

Omron has completed the acquisition of Scientific Technologies Incorporated (NASDAQ:STI), and as a result, the joint venture which Amplus previously had with STI is now indirectly a JV with Omron Industrial Automation Business (Omron IAB). The JV is Aurora Technology based in Singapore.

The spectrum of activities ranges from full turnkey OEM contract manufacturing, ODM (design-to-specification) services, to the supply of safety devices based on Omron IAB requirements. The unique combination of wireless expertise, production experience and strategic location enables Aurora to offer an integrated customized approach to meeting their customers’ requirements at a compelling price-point.

"The JV with STI has been very successful," said Zacchaeus Boon, partner of McLean Watson Capital. "The Aurora portfolio of products are amongst the best in their class, and we believe that this Omron relationship will open up far greater opportunities globally for Aurora."

STI is a leading player in the suite of safety light curtains, laser scanners, and other safety devices and services. The company has a leadership in optical applications and will be able to enhance Omron’s market leadership for automation, sensing and control technologies.

"We are delighted to have a continuity of working with the STI management and also the exceptional opportunity to work with Omron, and we believe this will lead to significant growth for Aurora." said Wee Piak, CEO of Amplus Communication. "We look forward to a mutually rewarding business relationship with STI and Omron IAB."

 

About McLean Watson Capital
McLean Watson Capital is a Toronto-based venture capital company that provides venture capital funding to promising technology companies.

For additional information, contact:
Zacchaeus Boon zboon@mcleanwatson.com
Loudon Owen lowen@mcleanwatson.com