Radstone Technology to acquire Octec Ltd.

JULY 13--Radstone Technology (www.radstone.co.uk) has agreed to acquire Octec Limited (Bracknell, UK), a privately held UK company that designs and markets rugged, real-time image-processing and video-tracking equipment to defense and aerospace customers.

Jul 13th, 2004

JULY 13--Radstone Technology (www.radstone.co.uk), a technology company and global provider of high-performance computer products and services, has agreed to acquire Octec Limited (Bracknell, UK), a privately held UK company that designs and markets rugged, real-time image-processing and video-tracking equipment to defense and aerospace customers. Octec's wide range of commercial off-the-shelf image processors and video trackers are integrated into electro-optical systems that operate in the full range of defense and aerospace environments including air-to-ground, ground-to-ground and naval applications.

Computer-controlled video target acquisition and tracking is also one of the key technologies enabling the shift by the military to "network-centric" warfare--and the increasing use of unmanned aerial vehicles that require intelligent and powerful video trackers to provide scene and target detection and tracking. Octec's core competency in image-processing and video-tracking software and algorithms is highly complementary to Radstone's computer hardware and subsystem expertise.

The acquisition will enable Radstone to supply a wider range of system solutions, including application software as well as hardware and operating systems, without competing with the full system offering of its customers.

For full details of the acquisition please visit www.londonstockexchange.com.

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