Awards & Press Releases |
| Cypress, CA-03/19/2008-KOR Electronics today announced it has purchased the Government Solutions subsidiary, Paragon Dynamics, Inc. (PDI), from Zanett, Inc. for cash. Pagemill Partners served as exclusive financial advisor to KOR Electronics. Founded in 1986, KOR Electronics is an aerospace defense technology company providing domestic and international customers with advanced military electronics equipment and system solutions. Headquartered in Cypress, CA, with offices in Long Island, NY, and Washington DC, the company produces equipment that serves mission critical operational requirements as well as laboratory simulation, testing and training needs. KOR Electronics is solely focused in support of the defense and intelligence electronics markets. Founded in 1997, PDI has been a wholly owned subsidiary of Zanett Government Solutions. Based in Aurora, CO, with offices in California and Washington, DC, PDI provides innovative systems, software and mission engineering solutions to a variety of Intelligence Agencies, Department of Defense (DoD), and aerospace clients. The firm specializes in system design; architecture and integration; software development and implementation; and mission operations, analysis and support. PDI has direct experience in government and commercial satellite, DoD Intelligence Community, and IT infrastructure programs. Kevin Carnino, President and CEO of KOR Electronics, said, “We are extremely excited about this partnership with PDI, as it is a key step in the pursuit of our strategic vision. Both companies possess strengths in areas that complement each other’s primary markets. This union will allow us to create an elite fellowship, such that we can provide uniquely different solutions to our customers.” Mr. Doug Hartmann, President and CEO of Paragon Dynamics, said, “KOR’s acquisition of PDI will enable PDI to more clearly represent its business model as part of a DOD business strictly focusing on highly classified, mission critical Intel (IC) and Defense work. For further information about KOR Electronics contact us at KOR Electronics, 10855 Business Center Drive, Building A, Cypress, CA 90630 Tel.: (714)898-8200 or visit our web site at www.korelectronics.com |
18 September 2007 – KOR Electronics is pleased to announce that a specialized version of its popular Miniaturized Airborne 3-Bit DRFM system is deployed on the recently declared Initial Operational Capability (IOC) of the AN/ALQ-188(V)4 Electronic Attack Training Pod for the U.S. Air Force F-15 jet fighter. The AN/ALQ-188(V)4 pod provides generic capability to simulate enemy threat electronic countermeasures (ECM) for aircrew training and weapons evaluation. KOR Electronics supplied the Model 1275 DRFM to prime contractor Northrop Grumman’s Quick Reaction Capability (QRC) Team in support of this IOC effort. The AN/ALQ-188(V)4 IOC was conducted and executed by the 53rd Electronic Warfare Group at Warner Robins Air Force Base (WRAFB) in Georgia.
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NEW YORK, August 23, 2007
Inc. magazine today ranked KOR Electronics on its 26th annual Inc. 5000 list of the fastest-growing private companies in the U.S. Ranked number 69 in Top Companies in Defense Contractors,KOR Electronics achieved a sales growth of 65.1%.
“If you want to find out which companies are going to change the world, look at the Inc. 5000,” said Inc. Editor Jane Berentson. “These are the most innovative, dynamic, fast-growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can’t live without. The Inc. 5000 list is Inc. magazine’s tribute to American business ingenuity and ambition.”
Founded in 1986, KOR Electronics is a leading edge aerospace defense technology company providing domestic and foreign customers with advanced military electronics equipment and system solutions. Their products serve mission critical operational requirements as well as laboratory simulation, testing and training needs. KOR Electronics recognizes that maintaining relevance in the changing world of defense systems our products and services must continue to remain at the forefront of the evolving microwave, digital and software design trends. As key technologies progress the KOR Electronics technology team strives to stay ahead of the curve.
Complete information on this year’s Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc.com/inc5000.
About Inc. magazine:
Founded in 1979 and acquired in 2005 by Mansueto Ventures, LLC., Inc. magazine (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 681,421, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
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CYPRESS, CA, August 20, 2007
KOR Electronics shares Lockheed Martin's pride in recently delivering the 500th PAC-3 Missile to the U.S. Army.
KOR Electronics provides the production test sets for the PAC-3 missile seekers, and has been involved with the program since 1994. Currently, KOR Electronics is under contract to upgrade the production test sets with the latest signal generation technology in support of the continued success of the PAC-3 program.
PAC-3 Missiles have been delivered and deployed around the world with U.S. forces and U.S. allies, and is currently the world's only fielded pure kinetic energy air defense missile. The PAC-3 Missile was the first hit-to-kill interceptor produced by the U.S. Government.
"We are proud to be a part of this great program, protecting the United States and its allies from terrorism and oppression," said Kevin Carnino, CEO of KOR Electronics. The PAC-3 program has brought dependability and strength into the missile defense field. This is a landmark occasion for us all and a true testament to the hard work and dedication of the KOR Electronics team.
In 2004, 2005, 2006 and 2007 KOR Electronics was awarded Deloitte's Technology Fast 50 award. Based on a percentage growth, these awards indicate that KOR Electronics has been one of the 50 fastest growing technology companies in Orange County for four years running.
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KOR Electronics
10855 Business Center Dr. Building A
Cypress, California 90630 |
| Telephone: |
714 898 8200 |
| Fax: |
714 895 7526 |
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