ESPEC Corp. Closes Acquisition of Qualmark Corporation
DENVER, Dec. 28, 2015 /PRNewswire/ -- Qualmark Corporation ("Qualmark") announced today that pursuant to overwhelming shareholder approval, it has completed the merger announced on November 13, 2015 and has been acquired by ESPEC Corp., a Japanese corporation. The all cash transaction will result in each holder of Qualmark common stock as of the closing date having the right to receive $1.016349 per share.
Andy Drenick, Chief Executive Officer of Qualmark, said, "We are pleased to have achieved liquidity for our shareholders while maintaining relationships important to customers, employees, channel partners and vendors."
Shortly, each shareholder will be receiving a letter of transmittal from Computershare, Qualmark's stock transfer and paying agent. The letter will provide shareholders with specific instructions on the procedure to exchange their shares for cash. Please follow the instructions in the letter and direct any questions to:
Computershare Trust Company at:
About Qualmark Corporation
Qualmark Corporation has been one of the leading manufacturers of accelerated reliability test equipment worldwide since pioneering the technology in the early 1990s. Its patented HALT (Highly Accelerated Life Test) and HASS (Highly Accelerated Stress Screen) chamber systems are recognized as one of the fastest and most effective disciplines for design reliability testing and production screening for electronics and electro-mechanical equipment. Qualmark is the knowledge leader in accelerated stress testing methods with over 4,500 HALT/HASS tests conducted in Qualmark's lab facilities and worldwide installations of over 1200 systems in 33 countries in such diverse industries such as Aerospace, Consumer Electronics, Enterprise Systems, Medical, Sustainable Energy and Telecommunications.
Anthony Garcia, CPA, CGMA
VP of Finance
10390 E. 48th Ave.
Denver, CO 80238 USA
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SOURCE Qualmark Corporation