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X-Ray Optical bids for cash.
By Kevin Harlin, Times Union, Albany, N.Y. Knight Ridder/Tribune Business News
Jan. 27--TROY, N.Y. -- X-Ray Optical Systems Inc. spent six straight years making a profit selling its lenses for industrial X-ray equipment.
Then, three years ago, it changed course.
The small company started adapting its technology to X-ray machines that could look into the chemical structure of substances. By 2003, it was making machines measuring the sulfur in diesel gasoline, helping refineries to meet the much lower levels mandated by the federal government by 2006.
Sales of those $55,000 to $85,000 units are expected by next year to give the company …
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