Sunday, October 29, 2006

Koor Considers Sale of Telrad Networks

Koor Industries announced the receipt of a number of inquiries from various entities interested in acquiring its holdings (61%) in its subsidiary, Telrad Networks. No decisions have been announced.

Telrad provides a family of products for Next Generation Networks (NGN), WiFi mesh, and FMC. The company also provides system integration, maintenance and ongoing upgrades of systems. Telrad, which was founded in 1951, is based in Israel.