DarkPulse, Inc. to Acquire TJM Electronics West
DarkPulse, Inc. has officially signed an LOI to acquire TJM Electronics West. This strategic acquisition will help further advance DarkPulse’s R&D and manufacturing capabilities in Arizona. DarkPulse, Inc. uses advanced laser-based monitoring technology to provide rapid and accurate monitoring of temperatures, strains, and stresses. These specialties are highlighted when applied to live, dynamic critical infrastructure and structural monitoring. Their patented BOTDA dark-pulse sensor technology provides a data stream of critical metrics for assessing health and security of infrastructure.
TJM Electronics West, Inc. is an ISO9001 and AS9100 certified electronics and electro-mechanical assembly operation based in Arizona. They are an industry leader in comprehensive turnkey electronic contract manufacturing. Their Surface Mount Technology launched them to the forefront in 1999.
“Acquiring TJM will bring DarkPulse immediate expansion of our Research and Development capabilities including prototyping while allowing us to develop additional proprietary components and manufacture those components in house.” Said DarkPulse Chairman and CEO Dennis O’Leary, “The facility will also house a team dedicated to Aerospace and Robotics development.” He continued, “We expect that DarkPulse will be expanding our team in Arizona into the TJM facility in the coming days.”
Under the terms of the LOI , DarkPulse will acquire 100% of TJM for $450,000 in cash. The Company will invest additional resources for TJM’s ongoing operations and expansion of the business.
Are you developing new software for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.
