Presstek to Sell Lasertel Subsidiary for $10 Million

“This sale to Selex S&AS will place Lasertel into a large organization whose core business is closely aligned with Lasertel’s mission,” said Presstek Chairman, President and Chief Executive Officer, Jeff Jacobson. At the same time, it allows Presstek to focus on its core business and further reduce its debt. While selling Lasertel has been a key objective during the past year, we needed to ensure that we received an appropriate value for Lasertel. We are pleased that we are able to accomplish that with this sale.”