Hood Tech Corp, Vision Inc. Acquires Assets Of Sierra-Olympic Technologies, Inc.
Hood Tech Corp, Vision Inc. announces acquisition of the assets of Sierra-Olympic Technologies, Inc. of Issaquah, Washington. Hood Tech has executed this acquisition to secure an experience base in infrared camera technology, and to expand upon Sierra-Olympic's extensive experience in sourcing, sales, marketing, and deployment of infrared imaging systems.
- (1888PressRelease) November 17, 2010 - HOOD RIVER, OR - The terms of the acquisition have not been disclosed. While Sierra-Olympic's Issaquah, Washington offices will close, the business will continue to operate from new offices in the Columbia River Gorge.
Chris Johnston, President of Sierra-Olympic, comments, "the combination with Hood Tech allows Sierra-Olympic to draw upon Hood Tech's advanced engineering culture and offer new, advanced infrared products for multiple markets. This also allows us to more readily respond with products and services not currently offered in the marketplace. Hood Tech is the most dynamic and capable engineering firm we have encountered, and we are pleased to be included in this highly skilled team." Mr. Johnston will assume the role of Vice President of Sales and Marketing at Hood Tech, and remain involved in advanced infrared projects.
Hood Tech supplies advanced EO/IR payloads for the world's leading unmanned aircraft in the size range 15 to 75kg and to other markets. Over the past eight years, Sierra-Olympic has provided both cooled and uncooled infrared camera systems for more than 1000 Hood Tech payloads. "We are pleased with the acquisition of Sierra Olympic and are doubly pleased that Chris has joined our team," reports Andreas von Flotow, President of Hood Tech Corp, Vision Inc. "I am confident that this development will make our collaboration even more productive than it has been to date, leading to further improvements in our best-in-class products."
About Hood Tech Corp, Vision Inc: Hood Tech is a privately-held Oregon corporation. It is based in Hood River, Oregon. The primary business of Hood Tech Corp, Vision Inc is the supply of stabilized EO/IR payloads for small unmanned aircraft.
About Sierra-Olympic Technologies, Inc. (SOTI): SOTI was founded in 1995 as a representation and distribution firm for infrared camera manufacturers. The company has distributed advanced cooled and uncooled camera products in the SWIR, MWIR, and LWIR wavebands manufactured by a numerous companies.
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