Carlsbad, CA – May 2nd, 2016 - PARPRO, a full service Embedded Design Solutions and Manufacturing Services company, today announced that the recently acquired Cal Quality Electronics (CQE) will be named PARPRO Technologies, Inc (PTI). The name change is part of the rebranding initiative to better align this business entity with PARPRO’s corporate strategy.
PARPRO Corp's strategic vision is to create best-in-class solutions that provide customers with value differentiated systems in the aerospace, medical, gaming, industrial and communication industries within a vertically integrated organization. The acquisition of CQE creates a global company that will be able to offer a truly faster more flexible, one stop shop, providing OEM customers with the highest quality technology products and services at virtually any volume and with any sourcing strategy.
"While our company name is changing, all core elements of the organization will remain the same. PARPRO Technologies will continue to provide our customers and partners with the same high quality service they have come to know, while being mindful to make the transition as seamless as possible.” said Sunil Kumar, Chief Executive Officer, PTI.
“Changing the name to PARPRO Technologies formalizes the shift into PARPRO’s corporate strategy and brings PARPRO Technologies into the organizations fold. We believe the name PTI better represents future business opportunities as we introduce new services and capabilities.” says Thomas Sparrvik, Chief Executive Officer, PARPRO.
In addition, PARPRO’s engineering and design business unit located in Carlsbad, CA, known as PARPRO Embedded Systems, will become a department of PTI and the Engineering and Design Center for all other PARPRO locations.
PARPRO is a full service design & manufacturing company with an emphasis on ODM solutions. We offer a comprehensive engineering-rich hardware systems with low-to-high volume manufacturing and integration/test capabilities, and pride ourselves on delivering simple to complex solutions making our manufacturing offerings competitive at virtually any volume and with any sourcing strategy. We serve customers in the aerospace, gaming, telecommunications and industrial markets providing time savings and cost optimization by minimizing margin stacks throughout the value chain.
PARPRO is a public company traded on the Taiwan stock exchange – PARPRO (4916:TW). For more information on investor relations reporting and regulatory information – please click here. For more information, press only: Justine Uyemura (760) 931-7800 - email@example.com