Nikko Materials to license TCR product to Gould Management Group

Nikko Materials Company, Ltd. announced it will license technology for its TCR embedded resistor product to a management group from its Gould Electronics subsidiary. The group is headed by David P. Burgess, current president of Gould Electronics.

Nikko Materials has previously announced plans to close its Chandler, AZ, manufacturing facility and U.S. headquarters by April 2006.

The new company will be formed in the first quarter of 2006. Machinery and laboratory equipment used to support the TCR product will be relocated from the current Gould foil factory to a new site in the Chandler area. Burgess said, "We are currently manufacturing and selling TCR embedded resistor foil to our customers and our plans call for little or no disruption in our supply capability during the short time needed to relocate to our new facility. The new company will retain several key personnel who contributed to the development of patented technology supporting the embedded resistor product."

Burgess said, "The new company will retain a collaborative relationship with Nikko Materials. Nikko has a strong technical base in metals and sputtering targets, which will be vital in the development of new resistor products."

Additional details regarding the TCR product can be found on the Gould Electronics web site www.gould.com.