Posted in | Business | Fibers

APA Optics Sells Certain Assets to PNE

APA Optics, a developer and manufacturer of fibre optic communications have sold certain assets associated to its discontinued optics segment to PNE Inc for an undisclosed amount.

As part of the purchase agreement, PNE will sublease a small portion of APA’s Blaine facility for up to one year for the purposes of manufacturing optics with the purchased assets.

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