Friday 19 January 2018

​FORWARD INDUSTRIES ACQUIRES INTELLIGENT PRODUCT SOLUTIONS

WEST PALM BEACH, Fla. and HAUPPAUGE, N.Y., Jan 19 (Bernama-GLOBE NEWSWIRE) -- Forward Industries (NASDAQ:FORD) today announced the acquisition of Intelligent Product Solutions (IPS), an industry leading product design and development company based in Long Island, New York for a material consideration comprising of cash, equity, and contingent earn outs.

IPS clients include leading brands in consumer electronics, medical devices, enterprise and security solution providers and Internet of Things connected solutions, including Google, Physio Control, PepsiCo, Motorola, ABInBev, Zebra and Charity Water.  

http://mrem.bernama.com/viewsm.php?idm=30969

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