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Stock Market & Financial Investment News

News Breaks
June 13, 2014
06:02 EDTSWKStanley Security transfers Sonitrol product development to 3xLOGIC
Stanley Security, a division of Stanley Black & Decker, and 3xLOGIC announced a definitive agreement where 3xLOGIC will assume ownership of research and development, technical support and certain marketing activities for products developed under the Sonitrol brand. The focus of the transaction will be to bring the combined strengths of 3xLOGIC and StanleySecurity to the development and delivery of innovative Sonitrol-branded products. In addition 3xLOGIC will take ownership of the operations at the Orlando, Florida, Sonitrol facility. The agreements forming the relationship went into effect as of June 1.
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