VeEX, Sunrise Telecom Enter Asset Purchase Agreement
FREMONT, Calif. & SAN JOSE, Calif.--(BUSINESS WIRE)-- VeEX, Inc., a global leader in telecom and CATV test solutions, and Sunrise Telecom® Incorporated (OTC: SRTI), a market-leading provider of test, monitoring and workflow management solutions for cable, telecom, wireless operators, and equipment manufacturers, announced today that they have entered into a definitive agreement in which VeEX will acquire substantially all of the operating assets of Sunrise Telecom, including its product lines, trademarks, intellectual property and associated assets. Pending shareholder approval, the transaction is expected to be completed by the third quarter of 2013.
With the addition of the Sunrise Telecom operations, VeEX will accelerate its growth and strengthen its presence in the CATV and telecom markets.
Located in the heart of Silicon Valley, VeEX provides innovative test and measurement solutions for next-generation communication equipment and networks. Founded in 2006 by test and measurement industry veterans, VeEX builds products that blend advanced technology and vast technical expertise with the discerning measurement needs of customers. VeEX core expertise and product lines range from DSL, Broadband and Cable TV to Metro and Next Generation Transport Networks. The VeEX team brings simplicity to tomorrow's networks.
For more information, please visit www.veexinc.com.
About Sunrise Telecom Incorporated
Sunrise Telecom is a leader in test and measurement solutions for telecom, cable and wireless networks. The company's robust portfolio of feature-rich, easy-to-use products enables service providers to deliver premium voice, video, data and next-generation digital multimedia services quickly, reliably, and cost-effectively. Based in San Jose, California, Sunrise Telecom distributes its products through a direct sales force and global network of sales representatives and distributors. For more information, visit http://www.sunrisetelecom.com, or follow us on Facebook and Twitter.
Cyrille Morelle, 510.651.0500
Integrity Public Relations, Inc. for Sunrise Telecom
Ken Hagihara, 949.768.4423 ext. 801
Sunrise Telecom Incorporated
Steven Manuel, 408.363.8000
KEYWORDS: United States North America California
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