Presstek to Sell Lasertel Subsidiary for $10 Million

Lasertel develops and manufactures high-powered laser diodes for a variety of industries, including graphic arts. Presstek uses these laser diodes in its Presstek DI® digital offset presses and the Dimension Excel Series of computer-to-plate systems.

In addition to the sale price and the transfer of Presstek-specific inventory, Selex S&AS will assume the current lease on the Lasertel property in Tucson, AZ. A supply agreement will also be entered into that will provide the currently utilized laser diode product to Presstek at existing prices for a two year period.