SBS Technologies, Inc. Completes Acquisition Of V·I Computer
Adds PowerPC Products To CPU Product Line
SBS Technologies, Inc. ("SBS") (NASDAQ: SBSE) today announced that, effective August 12, 1998, it completed the acquisition of 100% of the outstanding shares of V&8226;I Computer ("V&8226;I") from Themis Computer, and the minority shareholders of V&8226;I, for $5.0 million, subject to adjustment upon finalizing the closing balance sheet. Based in Encinitas, California, V&8226;I designs, manufactures and markets CPU boards based on the Motorola PowerPC processor for embedded computer applications that utilize VME and CompactPCI bus standards. Customers typically use V&8226;I products in telecommunication, industrial automation and defense applications. V&8226;I has annual sales of approximately $5.0 million. "V&8226;I has an excellent and innovative product line, and should benefit from the customer base which SBS serves. The acquisition of V&8226;I will continue to broaden our CPU product line and augment our Intel-based processor solutions. This will allow SBS to serve more customer applications in the embedded computer market," said Christopher J. Amenson, Chairman and CEO of SBS Technologies, Inc. "This acquisition is another step in our continuing strategy for growth, as well as increasing our product offerings," Amenson continued. SBS Technologies, Inc. is a leading designer and manufacturer of open-architecture, standard bus embedded computer components that system designers can easily utilize to create a custom solution specific to the user's unique application. SBS product lines include CPU boards, input/output (I/O) modules, avionics interface modules and analyzers, interconnection and expansion units, telemetry boards, data acquisition software and industrial computers. SBS embedded computer components are used in a variety of applications, such as telecommunications, medical imaging, industrial control, and flight instrumentation in commercial and aerospace markets. For news releases, product and other information, visit SBS on the World Wide Web at http://www.sbs.com. Certain of the foregoing information are forward-looking statements regarding the future events or the future financial performance of SBS, and are subject to a number of risks and other factors which could cause the actual results to differ materially from those contained in the forward-looking statements. Among such factors are: general business and economic conditions; customer acceptance of and demand for SBSís new products; SBSís overall ability to design, test and introduce new products on a timely basis; the cyclical nature of the markets addressed by SBS's products; and the risk factors listed from time to time in documents filed by the Company with the Securities and Exchange Commission.