ATLANTA and MONTREAL, March 9, 2006 (PRIMEZONE) -- EMS Technologies Inc. (Nasdaq:ELMG) announced today the closing of the sale of its Satellite Networks (SatNet) division to Advantech Advanced Microwave Technologies Inc. of Montreal, Canada. EMS originally announced the signing of a definitive agreement for the sale on Dec. 22. During the past two months, the two companies have worked to obtain the necessary consents from key suppliers and customers. Final terms of the sale were not disclosed.
Alfred G Hansen, president and chief executive officer, commented, "We are pleased to have concluded the sale of the SatNet Division to Advantech, which will benefit from SatNet's pioneering work in open-standard DVB-RCS broadband systems. This sale affords EMS the opportunity to focus on our remaining divisions, which serve the logistics, defense, wireless, and aeronautical and Satcom markets."
Satellite Networks has approximately 81 employees. Advantech, a leading designer and manufacturer of satellite and wireless telecommunications products, employs 300 people in locations across the United States, Europe and Canada.
Needham & Company acted as exclusive financial advisors to EMS Technologies with respect to the Satellite Networks Division sale. About EMS Technologies, Inc.
EMS Technologies, Inc. (Nasdaq: ELMG) is a leading innovator in the design and manufacture of wireless, satellite and defense solutions, and focuses its unique range of advanced technologies on the needs of broadband and mobile information users. The Company is headquartered in Atlanta, has approximately 1,300 workers worldwide, and operates manufacturing facilities in Atlanta, Ottawa, and Brazil. For more information, visit the Company's website at www.ems-t.com .