For Immediate Release Contact: Jeremy Milner
401-862-9422
jeremy@jeremymilner.com

Jill Burnie
617-375-4217
jill.burnie@morgankeegan.com
...........................................................................................................
EF Johnson Technologies Has Divested 3e Technologies International to Ultra Electronics

February 2, 2011 - EF Johnson Technologies, a portfolio company of Francisco Partners, has announced the completion of the divestiture of 3e Technologies International, Inc. (“3eTI”) to Ultra Electronics (LSE:ULE). 3eTI is a leading provider of secure wireless networking products and solutions for the military, government, industrial and smart grid markets. The transaction adds 3eTI’s highly differentiated range of solutions to Ultra’s portfolio of specialist capabilities related to secure networking, communication and cyber security.

About 3eTI

3eTI is a leading provider of secure WLAN and wireless mesh networks, sensor networks, cyber security technologies and wireless perimeter security solutions. 3eTI’s technologies are deployed for a range of applications, including military base security, onboard military ship communications, rapidly deployable public safety communications and advanced metering

infrastructure for smart grid programs. The Company’s technologies are critical to the growing market for secure wireless networking and communications. 3eTI’s technologies are used by the U.S. Department of Defense, domestic and foreign governmental agencies, and commercial customers. infrastructure for smart grid programs. The Company’s technologies are critical to the growing market for secure wireless networking and communications.
 
About EF Johnson Technologies

EF Johnson Technologies provides secure communications solutions to mission-critical organizations. EF Johnson’s products are marketed under the EF Johnson and Transcrypt International brand names and include two-way radios, infrastructure systems and voice encryption modules for all brands of analog two-way radios. The Company’s customers include first responders in public safety and public service, federal and local governments, and industrial organizations.

About Ultra Electronics

Ultra Electronics is an international group of businesses specializing in providing electronic and electro-mechanical products and software systems for international defense, security, transport and energy markets. The group has over 45 years of experience as a supplier of technically advanced products for civil and military applications. Ultra has over 130 distinct market or technology niches within its 24 businesses. Ultra employs more than 4,000 people in North America, the UK and Australia.

 
 About Morgan Keegan
 
Morgan Keegan, a full-service brokerage and investment banking firm, has more than 4,100 employees in 300 offices across the country. The firm’s Investment Banking division provides comprehensive merger and acquisition advisory, public equity and private capital services to public and private middle-market companies as well as private equity groups. Industry sectors include:
  • Transportation & Logistics
  • Industrial
  • Consumer
  • Energy
  • Security & Defense
  • Financial Services
  • Healthcare
  • Technology
  • Real Estate


 

 

 
© 2010 Morgan Keegan & Co.
Investment services are provided through Morgan Keegan & Company, Inc., member FINRA and SIPC. Securities and insurance products sold through Morgan Keegan are not FDIC insured, not a deposit, not an obligation of or guaranteed by any bank, or any government agency, and may lose value.