October 10th, 2002.

I-Bus announced today that a group of senior managers had successfully purchased the computing business from Maxwell Technologies, and will operate it as a group of independent companies in Europe and the United States.

The company's New President Dr. Johni Chan will be based in San Diego, California at the Electrical Design center. The US Sales and Marketing efforts continue at the Atascadero, California facilities. John Weller and Alain Arnaud, will continue to run the Sales and Operations in Europe.
Says Dr. Chan " I-Bus will concentrate on designing and developing High Availability computing platforms for use in mission-critical applications, and will be committing significant investment into the ongoing R&D of a range of High Availability solutions " .

OEM customers will benefit from the commitment to in-house system design and chassis manufacturing using the latest 3D modeling software, and CNC manufacturing techniques, enabling rapid development of customized solutions from concept to completion. Manufacturing continues in the UK at the European Headquarters in Tangmere, West Sussex.

I-Bus will continue to focus its efforts on delivering a range of scalable solutions for its OEM customers, and expand its third party alliances with enabling technology partners. It will also be expanding its current services offering to deliver a total customer support program which includes approvals certification, revision control, product branding and a complete program for product life cycle, maintenance and service support.
This puts I-Bus in a unique position within the market, with in-house system design, engineering and chassis manufacture all located under one roof, enabling rapid prototyping and testing of solutions tailored to each customer's specific requirements.