News
Woodside Capital Partners Advises Pelikon on
Its Sale to MFLEX
December 11, 2008, Palo Alto, CA: Woodside Capital Partners LLC is pleased to announce that it acted as financial advisor to UK-based Pelikon, a privately-held technology company focused on the development of printed segmented electroluminescent (pSELTM) displays and keypads. Consideration for the transaction includes a purchase price of approximately $10.7 million, payable by two-year promissory notes. In addition, contingent consideration of up to $9.43 million is payable by MFLEX if certain unit sales milestones, incorporating Pelikon display technology, are achieved in calendar years 2009 and 2010.
About MFLEX:
MFLEX (www.mflex.com) is a global provider of high-quality, technologically advanced flexible printed circuit and value-added component assembly solutions to the electronics industry. The company is one of a limited number of manufacturers that provide a seamless, integrated end-to-end flexible printed circuit solution for customers, ranging from design and application engineering, prototyping and high-volume manufacturing to turnkey component assembly and testing. MFLEX targets its solutions within the electronics market and, in particular, focuses on applications where flexible printed circuits are the enabling technology in achieving a desired size, shape, weight or functionality of an electronic device. Current applications for the company's products include mobile phones and smart mobile devices, medical devices, computer/data storage, portable bar code scanners and other handheld consumer electronic devices. MFLEX's common stock is quoted on the Nasdaq Global Select Market under the symbol MFLX.
About Pelikon:
Pelikon (www.pelikon.com ), is headquartered in London and currently has 22 full time employees. Pelikon's proprietary flexible display technology is used to create reconfigurable, or "morphing," keypads that provide tactile feedback to the user of products such as smart mobile devices, home appliances and control panels, among others. With mobile phone applications, for example, the visible keypad will reconfigure itself depending upon whether the user is texting, calling, listening to music, or taking a picture. Users only view the controls relevant to the task in which they are engaged, making complex devices easy to use and multiple features easy to access.
About Woodside Capital
Woodside Capital Partners LLC is an investment banking firm with offices in Silicon Valley and London specializing in M&A for emerging growth technology companies. All securities activities are conducted exclusively through 3C-WC Partners, LLC, a registered broker-dealer and member of SIPC(www.sipc.org ) and FINRA(www.finra.org). Woodside Capital Partners, LLC and 3C-WC Partners, LLC are affiliated companies. More information is available at www.woodsidecap.com or by calling 1.650.980.5006.