JMAR Acquires Continuum To Expand Motion-Control Product Line

JMAR Technologies, Inc. (San Diego), a growing provider of precision micro-technology products, has acquired Continuum Engineering, Inc. (Los Angeles), a privately owned supplier of precise, low-cost motion-control systems for the microelectronics industry.

The transaction was made for 92,160 unregistered shares of JMAR stock. The seller could receive additional shares of JMAR stock in the future if the company achieves certain performance goals.

With sales of more than $500,000 annually over the last several years, Continuum Engineering currently supplies precision motion control systems to a broad-range of manufacturers of precision microelectronics products, including JMAR. It was founded and owned by Steven Sarfati, a former distribution technical sales manager for Intel Corp.

Sarfati, holder of an optical measurement system technology patent, will join JMAR's precision systems division as manager of position and motion control products.

"The addition of Continuum Engineering to the JMAR family instantly expands our range of motion control products and at the same time positions us to address areas of the measurement and inspection equipment system market that previously were unavailable to us," says John Martinez, JMAR chairman and CEO.

"We will also benefit significantly from the proven expertise of Continuum's founder, Steven Sarfati, a recognized leader in the motion control equipment field, who will play a hands-on role in managing that area of our business," Martinez says.

For more information, call 619-535-1706.