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SEO sells off more assets, relocates.
ORLANDO, FL -- Schwartz Electro-Optics (Orlando, FL), which has been in Chapter 11 bankruptcy reorganization since laser May, has now sold off most of its assets and relocated to new offices in the Central Florida Research Park, adjacent to the University of Central Florida (see OER, June 1, 2003).
The company put its laser-based tollway reading technology, known as AutoSense, up for sale at ah auction in early November; this follows the sale of its military training business, which accounted for about 80% of its business, to OSI Systems for $3.6 million in cash last September. Earlier this year, SEO sold its diode-laser business, Applied Optronics (South …
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