Markland Technologies, an integrated security company, has announced that it has completed the purchase of Virginia-based Science and Technology Research ( www.str-inc.com) for $6,5 M in cash and stock. STR is the sole producer of the US Navy's shipboard automatic chemical agent detection and alarm system (ACADA). The Navy deploys the 'man-portable' point detection system to detect all classic nerve and blister agents as well as other chemical warfare agent (CWA) vapours.
Markland chairman, Robert Tarini, stated, "The acquisition of STR fits well into our Homeland Security business plan and creates an attractive, established revenue stream for the company. We are excited to help grow the annual sales of the ACADA product and to complete the design and development of the new wireless chemical detector."
For more information contact Markland Technologies, www.marklandtech.com
© Technews Publishing (Pty) Ltd. | All Rights Reserved.
printer friendly version