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STRAN Technologies Acquires Shane Industries

Connecticut-Based Connectivity Solutions Company Purchases Harsh Environment Cable Reel Manufacturer

NAUGATUCK, CT--(Marketwired - January 10, 2014) - STRAN Technologies announced it has acquired SHANE INDUSTRIES, a leading manufacturer of cable reels. The defense, telecommunication, and broadcast sectors are some of many that rely on the tried and tested design of Shane reels. The acquisition will combine Shane Industries' well established cable reel design and manufacturing operations with STRAN Technologies' expertise in fiber optic and copper cable assembly design and production.

STRAN's product line is now augmented with a wide range of robust, customizable cable reels for dependable use and long life in demanding applications. Shane metal reels are known for performance and reliability in harsh environments such as high and low temperature applications. Custom fiber optic, copper, and hybrid connector-equipped cable assemblies can now be supplied to order on rugged cable reels to suit nearly any purpose.

"Bringing Shane Industries on board enables STRAN to better serve key industries and significantly expand our offering of turn-key fiber optic and copper cable assemblies for our customers," said STRAN Technologies owner Jim Stranberg. "Shane Industries has a 30 year history of manufacturing exceptional reels for military applications and the value proposition for our customers was considered highly in the acquisition."

About STRAN Technologies: STRAN Technologies is a leading manufacturer of interconnect technology that utilizes innovative design, production and testing processes to provide superior connectivity solutions. Since its founding in 1997, STRAN has produced robust fiber optic products designed to perform in the world's most unforgiving environments. STRAN supports connectivity infrastructure for the defense and commercial sectors that power the world's economy, including naval shipboard, military tactical, oil and gas, wind power, and commercial networking applications. The company is headquartered in Naugatuck, Connecticut, with a second manufacturing plant and warehouse in Houston, Texas. Shane Industries will continue to operate as a subsidiary of STRAN Technologies.

For more information, visit www.strantech.com.

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