lotron Corporation Merges With Varo, Inc.
Varo, Inc., Garland, Texas, has announced that it has signed an agreement in principle with lotron Corporation of Boston, Mass., providing for the merger of lotron with Varo.
lotron, located in Bedford, Mass., a Boston suburb, is a privately held, high technology company which was founded in 1969, and has developed and is manufacturing an integrated line of electronic navigation systems for oil tankers and other types of vessels.
Iotron's primary product is DIGIPLOT, a computerized collision avoidance radar system.
The system automatically acquires and continually plots the courses and relative positions of ships and other obstructions in a given area, and displays this information on the ship's bridge so that a course can be steered to avoid collisions. The recently enacted Port Safety and Tank Vessel Safety Act empowers the Secretary of Transportation to issue regulations requiring collision avoidance radar systems to be installed on all tankers and large vessels utilizing U.S.
waters. Two hundred sixty-seven DIGIPLOTS have been sold, which is approximately 40 percent of all such systems sold to date.
Other lotron products include DIGINAV, a computerized integrated navigation system which automates all navigation functions, including fixing the DIGIPILOT, an automatic steering system which minimizes fuel consumption.
DIGIDATA, an optional recorder, can be attached to the system to continuously record all navigation data for later analysis.
lotron sales for its fiscal year ended April 30, 1978 were approximately $5.4 million.
Headquartered in Garland, Texas, a Dallas suburb, Varo manufactures military night vision viewing systems, high voltage rectifiers and multipliers used in consumer and industrial electronic products, frequency control devices for the U.S. Navy, and marine searchlights. Varo sales for its fiscal year ended April 30, 1978 were approximately $79 million. Varo common shares are traded on both the New York and American Stock Exchanges.
Other stories from December 15, 1978 issue
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- J.J. Henry Co., Inc. Promotes Victor Chen page: 7
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- 1978 SNAME Annual Meeting Cites Role In Maritime Industry Progress page: 9
- American Bureau Of Shipping Moves Its Headquarters To 65 Broadway In New York City page: 11
- Ship Structure Committee Publishes Two Reports On Strength Of Materials page: 12
- Kenneth M. Jones Elected President Offshore Logistics, Inc. page: 12
- J. Ray McDermott & Co. Elects Eight Officers page: 13
- L N G - L P G Conference Set For Houston, Texas November 13-16, 1979 page: 13
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- General Dynamics7 Innovative Method Of Launching Submarines page: 17
- Seaward, Inc. Promotes Michael K. Kutzleb page: 18
- Union Mechling Corp. Names Ronald Olander page: 18
- Selby, Battersby & Co.'s N e w Flooring C o m b i n e s U n i q u e S a f e t y Features page: 19
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- J.J. Henry Co., Inc. Names Gerald Jones Manager Portsmouth, Va. Office page: 20
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- ITT Mackay Marine Hosts Product Display And Discussion On Key Marine Communication And Navigation Issues page: 25
- Pacific Northwest Section, SNAME, Holds Annual Meeting In Union, Washington page: 26
- SeaTec International Appoints Samuel Rugh page: 27
- London To Host Two-Day Conference On Ship Propulsion page: 27
- ASNE Long Beach-Greater Los Angeles Section Discusses Corrosion Protection And Control page: 30
- El Paso Savannah Christened At Avondale Shipyards In New Orleans Joins A Fleet Of Nine LNG Tankers page: 30
- Sixth International LNG Conference Invites Proposals For Papers page: 32
- Crowley Environmental Services Appoints Operations Supervisor page: 32
- SNAME California Sections Hold Annual Joint Meeting page: 32
- Fourth Chesapeake Sailing Yacht Symposium Set For January 20 page: 34
- Avondale Shipyards' New Pipe Fabricating Facility page: 34
- American Steamship Company Elects Three Executives To Vice Presidential Posts page: 37
- Zapata Commissions Latest Of Workboats Supporting Atlantic Coast Exploration page: 37
- New 500-Ton Crandall Railway Drydock For Fairhaven, Massachusetts page: 38
- SNAME Scholarships For Graduate And Undergraduate Levels page: 39
- lotron Corporation Merges With Varo, Inc. page: 40
- New England Sections Of ASNE And MTS Discuss Submersibles page: 41
- Peterson To Build Ferry For Washington Island Ferry Line page: 41
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- Joseph L. Waldvogel Joins Soros Associates page: 42
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