News

Hunkar Technologies, Inc. announced today that its Gateway Precision Technologies, LLC subsidiary “Gateway” has acquired Xycorp, Inc., ”Xycorp”, in an asset purchase transaction. Gateway, a rapidly growing custom automated machinery engineering and manufacturing company, specializes in the production of precision machinery solutions and automated systems dedicated to EPS cutting, shaping, forming, recycling and related applications.

Xycorp, located in Palm Springs, California and founded in 1979, is a manufacturer of standard EPS cutting equipment, targeted largely for the value contractor market. Mr. Greg Good, Xycorp CEO, is joining Gateway as Manager of the Xycorp Product Line. Manufacturing of the Xycorp product line will be moved to Gateway’s facilities in the greater Cincinnati area as soon as practical.

Rob Thiemann, Gateway General Manager stated”All of us at Gateway are pleased to have Greg Good and all the key employees of Xycorp joining our team. Together we will strive to continue to deliver comprehensive product selections, cost effective engineering solutions and related resources to the diverse market bases we serve. It is our expectation that Xycorp clients will immediately benefit from enhanced support resources well as access to new productivity tools and profit improvement solutions developed and supported by Gateway and other business units of Hunkar Technologies. A few of these solutions include: robotic material handling; vision inspection; label application; barcode RF and RFID scanning, printing and warehouse management systems; and inkjet applications.” Mr. Greg Good added” I am truly excited about joining with Gateway, particularly because of the wonderful opportunities it will provide my long time Xycorp customers to become even more successful and profitable. By Gateway acquiring us, Xycorp customers will now have access to products and services that will help them lower labor costs, minimize waste, improve quality and develop critical production information for best practices analysis. My customers can be assured they will continue to receive the same or better level of service that have grown to expect from Xycorp!”

For more information please contact:

Gateway- Mr. Rob Thiemann General Manager 859-431-0060 rthiemann@gatewaypt.com

Xycorp- Mr. Greg Good Xycorp Product Manager 951-318-9179 ggood@xycorpinc.com