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SDIX™ (NASDAQ: SDIX), recently announced that it has successfully completed its previously announced sale of the assets of its water quality division to Modern Water plc for $4.5 million. Modern Water acquired the division’s intellectual property, current inventory and commercial contracts, as well as its equipment and staff.



Francis DiNuzzo, SDIX’s President and CEO, commented, “We are pleased to complete the sale of our Water Quality business to Modern Water. This divestiture is consistent with our corporate strategy and enables us to focus further on our core businesses, particularly our Life Science business where we are expanding the development efforts on our next generation proprietary GAT technology. The net cash from this sale strengthens our balance sheet and provides additional resources for key investments.”

Read full article at: http://stock-pr.com/?p=20924




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