Wangtek Inc., a Simi Valley-based manufacturer of information storage systems for computers, announced the signing of contracts that will bring it more than $6 million over the next two years for its cartridge tape drives.
Wangtek is selling its tape drives to Apollo Computer of Chelmsford, Mass., and Altos Computer Systems of San Jose. Deliveries began in April, said Whitney G. Lynn, vice president for marketing.
Wangtek, which had 1984 sales of slightly more than $6 million, is growing rapidly, Lynn said. “We are succeeding and growing where our competitors are in trouble,” Lynn said.
Lynn attributed the company’s success to the -inch data cartridge tape drives that Wangtek makes. The drives are used as back-up storage systems for fixed disk drives in microcomputer systems.
About 200 people work for Wangtek in Simi Valley, and Lynn says the company is hiring additional staff members. Wangtek is an 81%-owned subsidiary of Rexon Inc. of Culver City.
Massachusetts Firm Buys Out 3DBM Systems
The assets of 3DBM Systems Inc. of Westlake Village have been purchased by Epsco Inc. of Westwood, Mass. Both companies make high-power microwave amplifiers and other radio components for the government and for defense contractors. No purchase price was disclosed.
3DBM Systems will be absorbed into Epsco and will not retain its name, an Epsco spokeswoman said.
3DBM Systems employs 40 people, and will be hiring more soon, Herbert Berger, 3DBM Systems president, said.
3DBM Gould and 3DBM Microwave, related companies also based in Westlake Village, are unaffected by the purchase, Berger said.