Subsidiary Divested
IRVINE —
Laser manufacturer Trimedyne Inc. said Monday that it has completed the sale of its 90% owned subsidiary Poly-Optical Products Inc. for cash to privately held Remote Source Lighting International Inc., in Raleigh, N.C.
Trimedyne expects to record a gain of about $700,000 in the current quarter as a result of the sale.
Poly-Optical manufactures plastic fiber-optic devices in the automotive, industrial and medical fields.
