Valpey Fisher Corporation & Precise Time And Frequency, Inc. Announce Global Sales & Distribution Agreement
Valpey Fisher Corporation ( NASDAQ: VPF), and Precise Time and Frequency, Inc. (PTF) today jointly announced an agreement in which PTF products will be sold and distributed worldwide by Valpey Fisher -- expanding its line of high performance integrated products for timing and frequency control. Terms of the agreement were not announced.
A privately-held company, Precise Time and Frequency, Inc. will continue to be active in the design, engineering, and manufacture of its frequency, time, GPS and switch products. New products will continue to be developed with input from new and existing customers.
Through this agreement, Valpey Fisher will productize the line of PTF products and market them under the Valpey Fisher brand. Products will be sold and distributed through the direct and indirect global sales channels of Valpey Fisher.
Over the next 60 days, PTF products will be integrated into the Valpey Fisher product family through creation of new product classifications, models and product numbering, and the integration of the products into Valpey Fisher’s product literature, websites, and catalogs.“Our products are the ‘ heartbeat’ of many of today’s systems used in commercial and military applications,” said David Briggs, CEO, Precise Time and Frequency, Inc. “Leveraging Valpey Fisher’s extensive sales network will enable PTF to make our leading edge technologies available to a much broader marketplace.” “Our alliance with Precise Time and Frequency is a ‘win-win’ combination that unites best of breed technology and talent with strong global sales, marketing, and support infrastructure,” said Michael Ferrantino, President and CEO, Valpey Fisher Corporation. “While our companies have previously operated as separate entities, both share a common commitment to delivering high performance in mission critical applications at affordable prices. Valpey Fisher looks forward to working closely with the PTF team and building value for both of our companies, our stakeholders and our customers.”
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