COOKEVILLE – Research Electronics International LLC (REI) announced today that it has entered into an agreement with HEICO Corporation (NYSE:HEI) (NYSE:HEI.A) that makes HEICO a significant stakeholder in the company.
HEICO Corporation is a successful and growing technology-driven aerospace, industrial, defense and electronics company. For more than 60 years, HEICO has thrived by providing customers with innovative and cost-saving products and services.
HEICO’s products are found on large commercial aircraft, regional, business and military aircraft, as well as on a large variety of industrial turbines, targeting systems, missiles and electro-optical devices. More information about HEICO is available at their website http://www.heico.com.
REI’s position as the leading provider of Technical Surveillance Countermeasures products throughout the world has strengthened in recent years and is expected to continue this trend.
REI owners are taking steps to further safeguard the company’s stability by taking on an established investment stakeholder. REI was founded in 1983 by Bruce Barsumian, in Cookeville. In 1995, Barsumian formed a partnership with Tom Jones (General Manager) to help manage and grow the company. Under their leadership, the company has flourished providing information security products to a world-wide market.
REI’s products are the result of a unique business model that incorporates in-house engineering development, manufacturing, sales and marketing, purchasing and administration. An international network of resellers provides sales distribution around the globe. REI products include:
· OSCOR Spectrum Analyzer for analyzing the RF spectrum
· TALAN Telephone and Line Analyzer for testing telephones and wiring
· ORION Non-Linear Junction Detector for locating hidden electronics
· ANDRE Advanced Near-field Detection Receiver, a broadband receiver for locating transmitters
Jones and Barsumian will retain ownership and leadership roles in the company. There are no expected changes to the company’s operations or staffing.
About Research Electronics International
REI has been designing and manufacturing technical security equipment to protect against illicit information theft and corporate espionage for more than 35 years. REI is recognized as an industry leader by corporations, law enforcement agencies, and government agencies for technical security equipment. REI’s corporate offices, R&D, manufacturing facilities, and training center are located in Tennessee USA, with an extensive global network of resellers and distribution partners. For more information call +1 (931) 537-6032 or visit www.reiusa.net.
