Planar Systems has sold its electroluminescent (EL) display business to Beneq Oy.
The company will be working with Beneq after the
closing to ensure customers are fully supported in the transition.
Beneq Oy is a supplier of production and research equipment
for advanced thin film coatings.
"The sale of our EL
business to Beneq represents an important milestone in the execution of
our strategic plan. We were able to add cash to
our balance sheet and are now able to focus more
of our attention and resources on our digital signage and
interactive display product lines," said Gerry Perkel, president and CEO of Planar.