June 15, 2010 (FinancialWire) — Spectrum Control, Inc. (NASDAQ: SPEC), a designer and manufacturer of custom electronic products and systems, said that it has signed a definitive agreement to acquire substantially all of the assets and assume certain liabilities of Sage Laboratories, Inc., a wholly-owned subsidiary of Ceralta Technologies, Inc.

New Hampshire-based Sage Labs designs and manufactures custom RF and microwave components and subsystems including filters, diplexers, multiplexers, hybrids, and digital frequency discriminators.

The transaction is scheduled to close before the end of June.

Dick Southworth, Spectrum Control's CEO, said, "Sage Labs' subsystem product offerings and its suspended substrate stripline technology are natural complements to our current Microwave Components and Systems Business.”

A majority of Sage Labs' products are used in defense and aerospace applications, including missile defense systems, electronic warfare, military aircraft, and radar systems. Current annualized revenues of Sage Labs' products are around $12 million, according to Spectrum.

Pennsylvania-based Spectrum Control is engaged in the design, development and manufacture of custom electronic solutions for the defense, aerospace, communications, and medical industries worldwide.  

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