Coorstek gets invision tech pac

Citation

(2002), "Coorstek gets invision tech pac", Microelectronics International, Vol. 19 No. 2. https://doi.org/10.1108/mi.2002.21819bab.011

Coorstek gets invision tech pac

Coorstek gets invision tech pac

Keywords: InVision Technologies Inc, CoorsTek

(BUSINESS WIRE) – InVision Technologies, Inc. has signed a letter of intent with CoorsTek, Inc. for CoorsTek to become a contract manufacturing partner to support the expansion of production capacity of InVision's CTX brand explosives detection systems (EDS). Under the letter of intent, CoorsTek will also manage InVision's supply chain related to its CTX 2500 and CTX 5500DS systems, whether manufactured by CoorsTek or otherwise.

Under the terms of the letter of intent, the parties will negotiate a definitive agreement under which CoorsTek will perform certain manufacturing and assembly services on a subcontract basis in support of the previously announced order from the Transportation Security Administration (TSA) for InVision models CTX 2500 and CTX 5500DS automated explosives detection systems. CoorsTek will manufacture components and assemble the EDS systems in two facilities located less than five miles from InVision's headquarters. Personnel training and facility ramp-up have begun, along with steps to establish materials management systems. Quantity production is expected to begin after these steps are accomplished. If the parties fail to negotiate a definitive agreement, then InVision will reimburse CoorsTek for costs incurred in connection with this ramp-up.