Rakon Confirms Sale of France Property
29 March 2018
RAKON LIMITED (NZX: RAK)
Rakon today announces the sale of its Argenteuil, France property for a total consideration of EUR 2.7 million, before costs.
Argenteuil had previously been the main operational site for the manufacture of discrete OCXOs, which in recent years has shifted to Centum Rakon India. The property sale has been achieved following a lengthy re-zoning process.
Rakon in Discussions for Buy-out of Centum Rakon India
27 February 2018
Rakon today announces that it is in advanced discussions with Centum Electronics Limited (“Centum”) to buy out their 51% shareholding in the India based company Centum Rakon India Private Limited (“CRI”) (“proposed transaction”). Rakon today has a 49% shareholding in CRI, the operation of which is a core part of Rakon’s manufacturing strategy.
Rakon releases small form factor OCSOs for instrumentation, RADAR and electronic defense systems
Rakon has released new Oven Controlled SAW Oscillators in a miniature 25.4 x 22 x 12.7 mm SMD package, currently available in 400MHz, 500MHz, 600MHz, 800MHz, 1GHz and 1.2GHz and all designed to be soldered by reflow.
This product series is designed for ground-based and shipboard RADAR, test equipment, and airborne systems where size and weight are critical.
Rakon HY2018 Result Announcement & Investor Presentation
16 November 2017
Rakon Limited (RAK) released its preliminary result announcement for the half year ended 30 September 2017 to the market at around 9.00am on Thursday 16 November 2017. This was followed by a presentation by management at 11.00am by teleconference.