Cheyenne, Wyoming, April 16, 2018: The Board of Directors of Argus Worldwide Corp, (www.argusworldwide.com), a diversified US based operating company, reported today that it has signed a Memorandum of Understanding with Tejovat Technologies Pvt Ltd, (www.tejovat.com) an India based electronics engineering firm with extensive experience in designing, developing and marketing innovative smart digital electronics products for domestic, commercial and industrial use in global markets. It is anticipated that a definitive purchase agreement will be signed within 30-45 days.
According to Argus Chairman and CEO, Michael S Wexler, “The pending acquisition of Tejovat Technologies will mark a significant milestone for our company in bringing to Argus a talent bed of engineering skills and technical know-how that will give our Company a strong footing in the burgeoning ‘smart’ home market; And equally important, it will add significant technical resources in the digital internet space to fortify and accelerate the build out of our Cyber Junky aggregator that will enhance the digital experience on desktop and mobile platforms.”
Tejovat Technologies Pvt Ltd, was established in 2015 and is headquartered in Pune, India.
Tejovat is a leading consumer electronics company, engaged in the field of design, development, manufacturing, marketing and servicing of smart home products, tablets and mobile phones.
The Tejovat technical team has broad experience working on cutting-edge products and technologies for various domains including but not limited to ASIC/FPGA, Hardware, Firmware, Software, Mechanical design, development and verification. The Company’s Quality engineering team uses best in class knowledge and training in testing hardware and software products along with the necessary certifications in the field of medical and consumer electronics.
Argus Worldwide Corp is a diversified operating company engaged in the development or acquisition of corporate properties in ‘go to’ business segments including but not limited to digital/internet products and services and health industries such as generic pharmaceuticals. The Company maintains its registered corporate office in Cheyenne, Wyoming and has affiliated offices in Ottawa, Canada; Warsaw, Poland; and Amsterdam, The Netherlands. Shares of Argus Worldwide Corp. are traded on the US OTC Markets; Pink Current (symbol: ARGW).
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