RCS Purchases Assets of AeroTech, Inc. and ISP, Inc. April 5, 2004 Web posted at: 12:35 PM EDT
Cedar City, UT (ROL Newswire) -- RCS Rocket Motor Components (RCS), Inc. is pleased to announce that it has purchased the intellectual and physical assets of AeroTech, Inc. and Industrial Solid Propulsion (ISP), Inc. at an auction held in U.S. Bankruptcy court in Las Vegas on April2, 2004.
After the closing of the sale no later than April 19, 2004, the AeroTech and ISP corporate shells will be liquidated and all future AeroTech and ISP business will be transacted through RCS. RCS will market the existing AeroTech and ISP product lines under the "AeroTech Consumer Aerospace", "Econojet", "Industrial Solid Propulsion" and "ISP" trade names.
RCS plans to continue the manufacturing and shipment of AeroTech and ISP products with no interruption. Additional employees are being hired and production rates will be accelerated to help provide for increased product demand anticipated during the 2004 flying season.
All company phone numbers, websites and email addresses will remain the same for the time being.
Source: RCS Rocket Motor Components (RCS), Inc.