News
FOR IMMEDIATE RELEASE
Mobility Electronics Completes Sale of PCI Expansion and Docking Assets
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--April 18, 2007--Mobility Electronics, Inc. (NASDAQ: MOBE), a leading provider of innovative portable power and computing solutions, announced today the completion of the sale of substantially all of the assets of its PCI expansion and docking business. The hard assets of the business were sold to Mission Technology Group and the intellectual property assets were sold to a third-party in separate transactions. Details of the transactions were announced on February 22, 2007.
Mission Technology Group will continue to operate out of San Diego and service all of the expansion and docking customers. More information can be found on Mission Technology Group at www.magma.com.
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