1/13/2005 - TEK Microsystems, Inc. of Chelmsford MA and QinetiQ's Real Time Embedded Systems Group based in Malvern, UK, jointly announced a multi-tiered commercial alliance to jointly develop and distribute innovative embedded systems solutions. Together, TEK Microsystems and QinetiQ will provide advanced Field Programmable Gate Array (FPGA)-based system solutions for data recording and high performance embedded streaming applications.
Said Andrew Reddig, President and CEO/CTO of TEK Microsystems, "The combination of digitizer / DSP FPGA boards and best-in-class FPGA cores from QinetiQ along with Tekmicro's innovative fabric agnostic boards and systems, provides developers with solutions which truly reduce the development time and cost of complex real time embedded systems. The multi-tiered alliance between Tekmicro and QinetiQ is a milestone in our corporate development. Coming off a record year for new orders, we are now able to dramatically increase our revenue targets for 2005."
"Tekmicro and QinetiQ share a similar culture of customer innovation and commitment," comments Bill Smith, Manager of the Real Time Embedded Systems Group at QinetiQ. "This alliance is a natural fit for us to jointly create, develop, and distribute advanced embedded systems based on our individual expertise. Our alliance with Tekmicro will help us obtain a strong presence in the US markets and a strong partner in technology co-development."
TEK Microsystems is planning to announce its first new product jointly developed with QinetiQ and using the pre-compiled FPGA cores in early February 2005.
TEK Microsystems' CEO/CTO Andy Reddig and Steve Birch CTO of the Real Time Embedded Systems Group at QinetiQ will offer the first public demonstration of their co-developments at the Bus and Board Conference in San Diego. Andy Reddig is a featured speaker at the Bus and Board conference and will discuss, the board business from a small company perspective.
QinetiQ (pronounced ki' ne tik as in 'kinetic energy') is Europe's largest science and technology solutions company with unrivalled expertise in the defence and security sectors. Founded In July 2001 from the majority of DERA (Defence Evaluation and Research Agency) the laboratories of the UK MOD, QinetiQ employs nearly 10,000 people, including many of the UK's leading scientists and internationally acclaimed experts. Today QinetiQ operates in markets as diverse as defence, security, automotive, information technology, health, aerospace, rail, telecommunications, electronics, space, marine, energy and oil & gas.
In late February 2003, The Carlyle Group, one of the world's leading private equity firms, was confirmed by the MOD as the strategic partner to invest in QinetiQ as a stepping stone to its eventual flotation. It holds 31% with the MOD retaining a 56% stake and the balance with staff.
Building on its defence and security expertise, QinetiQ is now developing an impressive overseas customer base. As part of this process it has established a US based sales operation in Arlington to forge closer links with this potentially massive market. In September 2004 it also acquired the businesses of Foster-Miller Inc for GBP 91.8m ($163m) and Westar Aerospace & Defense Group for GBP 72.2m ($130m). Both will become wholly-owned subsidiaries of QinetiQ North America but will remain autonomous, retaining their names, core management teams, employees and US facilities.
About TEK Microsystems, Inc.
Founded in 1981 and headquartered in Chelmsford, Massachusetts, TEK Microsystems, Inc., designs, manufactures and markets a wide range of advanced high-performance boards and systems for embedded real-time computing systems. Tekmicros comprehensive product line includes advanced carrier boards based on widely adopted industry standards and more than 30 XMC cards. These products are used in real-time systems designed for data acquisition, instrumentation, control systems and signal processing in customer applications such as reconnaissance, signals intelligence, satellite telemetry, mine detection, medical imaging, radar, sonar, semiconductor inspection and seismic research.
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