Advisory: Reno Sub-Systems Completes Asset Sale of Flow Technology

Advisory: Reno Sub-Systems Completes Asset Sale of Flow Technology

Reno’s gas flow technology portfolio and patents are transferred as part of a now-finalized asset purchase agreement

 

Reno Sub-Systems (Reno), a developer of high performance radio frequency (RF) matching networks, RF power generators and gas flow management systems for semiconductor manufacturing, today announced the asset sale of its flow technology portfolio, including accompanying engineering designs and intellectual property to an undisclosed large semiconductor sub-systems supplier already operating in the gas management sector.

 

The divestiture of this technology is part of Reno’s overall strategy to better leverage its core competency and focus its investment on next generation RF capabilities.

 

As part of the agreement, Reno will be removing references to gas flow technologies and associated patents from its website. All Reno employees assigned to this technology will transfer to the new company as a result of the asset purchase. A press release will follow with further details surrounding the transfer of technology and the acquiring company.