RF Industries Ltd., announced that it acquired on September 1, 2007, for cash and equity consideration valued at approximately $700,000, the assets of RadioMobile Inc., a privately held San Diego, California-based supplier and system integrator of custom wireless data and transceiver products. Radio Mobile revenue exceeds $700,000 since January 2007.
"RadioMobile has a five-year history supplying "End-to-End" mobile management solutions over wireless networks. This acquisition, combined Neulink's industry leading modem products, enables RFI to enter and successfully compete in the design and marketing of mobile wireless communications systems. We are delighted that Jim Moore, Radio Mobile's principal officer with 30 years experience in wireless systems development with companies like Federal Express and Qualcomm, will join RFI as president and general manager of our RadioMobile Division," said Howard Hill, president of RF Industries.
Jim Moore, president of RadioMobile said, "I feel very good about this acquisition. RF Industries has the depth and resources to enable RadioMobile's growth to the next level. From the small municipality to the largest of enterprises, wireless customers are demanding cost effective solutions to improve user safety, productivity and response time. RadioMobile, in combination with the technologies of RFI's NeuLink Division, will be able to field products that are in sync and provide a broad range of systems solutions to the challenging wireless market."