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AMVC |
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Additionally, the Company has retained a financial advisor to evaluate
long-term financing and alternative strategies related to the Series B
Convertible Preferred Stock issued in connection with the AMVC merger,
which becomes redeemable by holders in July 2002. Van Voorhis, who was
appointed to the Key Technology Board of Directors in July 2000 as a
result of the AMVC acquisition, resigned as a director effective August
31, 2001. The development cycle for this product
was the fastest in Key's history for a system as advanced as Optyx
and demonstrates the synergy we gained by merging with AMVC," said
Madsen. |
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