Optelecom, Inc. has announced that it has changed its corporate name to Optelecom-NKF, Inc.
In February, Optelecom announced that it had signed a letter of intent to acquire NKF Electronics, a Netherlands-based subsidiary of Draka Holding NV. The acquisition and change is designed to strengthen the company's corporate identity by aligning its name with its two brands: Optelecom and NKF Electronics.
"We combined two strong product lines and two sales units with little geographic overlap when we acquired NKF Electronics B.V. last month," comments Edmund Ludwig, Optelecom-NKF's president and CEO. "Our new name underscores our global market reach and reflects our commitment to support and enhance both well-known brands with superior customer service and a new product stream built from superior technology."
Shares of Optelecom-NKF, Inc., will continue to trade under the ticker symbol "OPTC." The change of the company's name will not affect the validity of outstanding stock certificates, nor will it be necessary for the company's stockholders to surrender or exchange any stock certificates that they hold as a result of the name change.
Optelecom-NKF manufactures integrated multimedia products for communicating video, audio, and other data over both copper wire and optical network systems.
The company builds communications products ranging from optical fiber video modems and multiplexers to complete Video-over-IP network solutions. All its products are designed and tested for local, metropolitan, and wide area network (LAN, MAN, and WAN) applications.
Optelecom-NKF, Inc. is based in Germantown, MD. For more information visit
www.optelecom-nkf.com.