Cantronic Systems is re-organizing its products into two divisions: Thermography and Security/Night Vision.
The acquisition by Cantronic Systems, Inc. of QWIP Systems (the Canadian parent of QWIPTECH in the U.S.) has been completed. Both companies are publicly traded in Canada.
QWIPTECH is seeking to broaden its presence in the infrared market from just being a supplier of QWIP FPAs. The company has signed a contract with Mectron to provide enhanced infrared detector assemblies for the seekers of Sidewinder air-to-air missiles.
Cantronic Systems, Inc. has agreed to merge with QWIP Systems (the Canadian company which is the parent of QWIPTECH in the U.S.) Both companies are publicly traded in Canada.