FOR IMMEDIATE RELEASE
News from Blazie Engineering
News from Telesensory Corporation
Contacts:
Blazie Engineering Telesensory Corporation
Bryan Blazie: 410-893-9333 Judy Rawlings: 408-616-8700, ext.3600
Blazie Engineering to Acquire Telesensory's Computer Access Products group
Forest Hill, MD and Sunnyvale, CA - June 18, 1998 -
Blazie Engineering and Telesensory Corporation jointly announced the
planned
acquisition by Blazie Engineering of Telesensory Corporation's Computer
Access Products (CAP) group. This product group includes the Power
Braille
family of refreshable Braille displays, and distribution of related
hardware
and software products. The transaction is scheduled to close in July
1998.
Both companies are major developers, manufacturers and distributors of
assistive and adaptive devices for people who are visually impaired around
the world. This transaction will provide a win-win situation for the
companies and their customers. Deane Blazie, President and founder of
Blazie Engineering stated that this "represents an outstanding opportunity
for our company to rapidly expand its very successful line of Braille
equipment by adding the Power Braille family of Braille displays." Blazie
Engineering will continue its focus on providing state-of-the-art Braille
equipment to the worldwide blind community, in addition to improving
tactile
access to the Graphical User Interface of the twenty-first century.
This transaction will also allow Telesensory to centralize its efforts on
its core business. Larry Israel, Telesensory's chairman, president and
chief executive officer, stated that this will allow the company to
penetrate other under-served markets with their Video Magnifier and OCR
Reading Machines. These are especially popular among the older population
still eager to preserve an independent and active life style.
The Companies
Blazie Engineering, headquartered in Forest Hill, Maryland, is best known
for its award-winning Braille 'N Speak. The company got its start in
1986
when it introduced the Braille 'N Speak at the National Federation of the
Blind Convention in 1987, and has since become the leading manufacturer of
note-takers for the blind. Some of Blazie's more popular and resourceful
products include the Type 'n Speak, the Braille Lite and the Braille
Lite40. For the past 11 years, Blazie Engineering has enjoyed providing
innovative computer technology, which gives a new level of freedom and
independence to blind people around the world.
Telesensory Corporation, headquartered in Sunnyvale, California is a Xerox
strategic partner serving those with visual needs. Telesensory develops,
markets, and distributes assistive technology for individuals who are
blind
or visually impaired. Founded in 1970 by Stanford University faculty, the
company introduced the Optacon (Optical to Tactile Converter) in 1971, the
first product which permitted blind people to have access to printed
materials, and later pioneered many other significant technological
advances
in this industry. In addition to its manufacturing and product
development
facility in Sunnyvale, California, the company has sales offices in London
and Paris.
Telesensory is a registered trademark of Telesensory Corporation.
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