DPAC Technologies merging with QuaTech

Garden Grove, CA; Husdon, OH—DPAC Technologies Corp. and QuaTech Inc. report that they’ve agreed to merge on a stock-for-stock basis. QuaTech will become a wholly owned subsidiary of DPAC.


Garden Grove, CA; Husdon, OH— DPAC Technologies Corp. and QuaTech Inc. report that they’ve agreed to merge on a stock-for-stock basis. QuaTech will become a wholly owned subsidiary of DPAC.

DPAC will exchange newly issued shares of its common stock for privately-held QuaTech's shares. The merger is subject to certain conditions, including approval of DPAC's shareholders, the raising of an additional $4-5 million in new financing, and the absence of material adverse changes. The companies expect to file an S-4 registration statement, seek DPAC shareholder approval, and secure appropriate financing during the next eight to 12 weeks.

Their agreement calls for QuaTech's shareholders and stakeholders to DPAC’s shares equal to 150% of DPAC's partially diluted shares, which are those presently outstanding plus those issued under outstanding options and warrants on a net-exercise basis.

The newly merged company will have a new seven-member board with three inside directors and four independent members. The merged company management will be led by Kim Early, DPAC’s CEO, as chairman, and Steven Runkel, QuaTech’s CEO, as CEO. DPAC provides embedded wireless networking and connectivity products for machine-to-machine communication applications.

DPAC's wireless products are used by OEMs in the transportation, instrumentation and industrial control, homeland security, medical diagnostics and logistics markets to provide remote data collection and control.

QuaTech manufactures device networking and connectivity solutions. Through design, manufacturing and support, QuaTech maintains reliability and performance. Users include OEMs, VARs, and system integrators, as well as end-users in many industries, including banking, retail/POS, access control, building automation and security, and energy management.

Control Engineering Daily News Desk
Jim Montague, news editor

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
Mobile HMI; PID tuning tips; Mechatronics; Intelligent project management; Cybersecurity in Russia; Engineering education; Road to IANA
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
click me