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March 7, 2005 |
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| The PTR Group and Ultrasonic Fluid Technologies Merge Defense Business Areas |
| Merger Creates New Division Focused On Defense Systems |
Ashburn, VA, March 7, 2005 - The PTR Group, a recognized leader in embedded systems development, engineering services and training, and Ultrasonic Fluid Technologies (UFT) of Rockwall, TX have agreed to merge UFT's Defense Systems business unit into the PTR Group. The resultant organization will be the Defense Systems Division of The PTR Group and will be based in Rockwall, TX with T. Keith Buchanan as the Division Manager.
The merger formalizes a long standing relationship between the two companies which have been working jointly on a number of projects over the last several years. UFT will continue to exist but will focus exclusively on their technology development efforts. The new division will continue to support and service UFT's existing defense customers as well as PTR's defense customers.
"This marriage has been in the works for some time and is representative of the common objectives, experience and expertise we have had with UFT," said Todd Brackett, President/CEO of The PTR Group. "The union will allow us to now pursue new customers and larger opportunities for ourselves, and other teaming partners. I am very excited about our prospects in the near future."
About The PTR Group
The PTR Group is an experienced team of technical professionals specializing in embedded and real-time systems solutions and services. These services include hardware and software development, prototype development, consulting and training exclusively for the needs of the embedded and real-time markets. Our engineers average over 16 years of experience in embedded and real-time development. Headquartered in Northern Virginia, the crossroads of the Internet, the company is privately held by the founders and employees. For more information about The PTR Group, please visit www.ThePTRGroup.com, email info@ThePTRGroup.com or call 703.858.4723.
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