APT acquires GHz Technology — Advanced Power Technology, (APT), Bend, OR, announces the acquisition of the business and assets of GHz Technology, Santa Clara, CA, including about $7.9 million net cash, for about $13.5 million and 1.5 million shares of APT common stock. APT will also issue options to purchase about 0.7 million shares of APT for GHz stock options and for the retention of key GHz employees.
Tropian signs MACNICA rep sales force in Japan — Tropian, Cupertino, CA, announces that it has expanded its representative sales force in the key Asia Pacific market. Tropian entered into an agreement with manufacturer representative Brilliant Technologies Company, a division company of MACNICA, Yokohama, Japan. The objective is to help increase visibility and sales of Tropian's TimeStar chipset.