Incom Announces Acquisition of Paradigm Optics

Incom, manufacturer of fused fiber optic components, announced that it has acquired Paradigm Optics, a manufacturer of polymer fiber optic devices located in Vancouver, Washington. The acquisition includes all intellectual property related to the manufacture and sale of polymer structures as well as all physical assets and capital equipment. Paradigm Optics President & CEO Mr. David Welker will remain as Director of Polymer Products, continuing to oversee all activities at the Washington-based property, reporting in to Mr. Michael Detarando, President & CEO of Incom. Financial details of the transaction were not disclosed.

Mr. Anthony M. Detarando, Chairman of Incom, stated, "The purchase of Paradigm Optics represents INCOM's continued investment and commitment to providing the most advanced fused fiber optic technology available to our customers. Paradigm's polymer fiber optic technology, in particular, will allow INCOM to further service the needs of the homeland security marketplace with biometric identity solutions specifically in the area of ultrasonic fingerprinting; and, we can now service the display industry with polymer-based image guides and transfer devices that enable seamless and dynamic digital displays with tactile feedback."

Mr. Welker added, "We're thrilled to be part of the Incom family, and look forward to contributing to the innovative and state-of-the-art work they have done in manufacturing fiber optics products for scientific, medical, defense and life science applications over the past 40 years."

Incom reported that they expected the folding of Paradigm Optics into Incom's operation to be completely transparent to customers and employees alike.