MARCH 8--PixeLINK (Ottawa, Canada; www.pixelink.com), a manufacturer of digital cameras for industrial and scientific applications, will emerge from bankruptcy protection in April 2006. In a brief meeting on March 2, PixeLINK's creditors voted unanimously in favor of its restructuring proposal, clearing the way for the company to exit from bankruptcy protection. "The company will fully emerge once the necessary filings are made with the courts on April 20," said Michael McKay, the new president of PixeLINK. "The filings are simply a formality."
The restructured company will have little debt and low overhead costs. "Looking ahead, we will be able to reassert our position in the industrial and scientific camera market," says McKay. "We will be more competitive with an improved cost structure and better able to provide quality products and services to our customers."
The company's product line includes a family of digital cameras that enable end users and OEMs to exploit the simplicity and usefulness of digital imaging technology. Targeted at the life-sciences and industrial markets, PixeLINK products are designed with a specific focus on microscopy and machine vision.