Megtec Purchases Intellectual Assets of former Ross Air Systems
Ross Air Systems originally filed for Chapter 11 bankruptcy in May 28, 2008, and the case was later converted to a Chapter 7 liquidation filing on December 15, 2008. The company's assets were then scheduled for auction based on a December 31, 2008, ruling from the U.S. Bankruptcy court.
The purchase includes Ross Air Systems' intellectual property only and does not include the employees; inventories; in-process contracts; physical property such as buildings; or any liabilities for any of the existing installed base (inclusive of any warranty obligations).
For information regarding products and services offered by Megtec in support of the former Ross Air Systems' products, contact Jason Nowak at email@example.com or (920) 337-1500, ext. 3619.