BHTC is a key investor in the Industrial Zone Sofia-Bozhurishte.
aThe first stage of our investment was implemented successfully and we have reached the stage of production,a said BHTC Managing Director Andreas Teuner.
BHTC will be moving from its current location in Plymouth to a dedicated stand-alone building on the Behr America headquarters campus.
Moving into our own building is a significant step forward in our operations," said Joseph Schuck, BHTC general manager.
Since BHTC opened its Plymouth center three years ago, it has established itself as a highly-respected HVAC control and sensor supplier in the North American market.
BHTC uses a number of tools in its development process, including hardware-in-the-loop (HIL), human-machine interface (HMI) modeling and multiple computer-aided design (CAD) formats.
It is anticipated that the common stock of BHTC will be traded on the Nasdaq National Market under the symbol "BFIT," and that "when issued," trading may commence a few days before the distribution.
Certificates for the new BHTC common stock are expected to be mailed to stockholders on or about January 5, 1996.
all of the issued and outstanding stock of BHTC
owned by the
The spin-off is expected to be accomplished by distributing all of the stock of BHTC
to the Company's stockholders and BHTC
's management and employee related plans.
This January, in 15 cities nationwide, the Step Reebok Instructor Training Team will simultaneously train corps of BHTC instructors on how to safely and effectively bring Step Reebok into their classrooms.
All 310 BHTCs will become Official Step Reebok Centers as of February 1992.