Flashgate Acquires Assets of 3-Axis Manufacturing

3-Axis specializes in Precision CNC Manufacturing

SURREY, BC – Dec 30th, 2016 – Flashgate Technology Inc. is pleased to announce the completion of the acquisition of the assets of 3-Axis Manufacturing, a provider of precision CNC manufacturing of a variety of materials including wood, acrylic, carbon fibre and exotic plastics. 3-Axis is located in Surrey, BC and the assets acquired include all machinery, equipment, design catalogs, customer lists and inventory.

“The acquisition of these assets gives Flashgate the ability to cost effectively and rapidly prototype new systems and designs for our core business of delivering combined next generation anti-theft, digital-out-of-home advertising and customer data analytics systems into the front entrances of retail stores,” stated Greg Watkin, CEO of Flashgate. “Additionally, these assets will allow us to deliver our production ready final products at lower cost, faster and with better quality than having them produced overseas. Producing here has the added bonus of our patent pending intellectual property not being out of our control at any point in the production cycle. Furthermore, we intend to utilize the extra production time not used by Flashgate to continue to service 3-Axis’ existing customers. This acquisition will be instantly accretive to our earnings.”

The assets of 3-Axis will be incorporated into Flashgate Technology Inc.’s wholly owned manufacturing subsidiary, FG Manufacturing. Besides being responsible for the rapid prototyping of Flashgate system designs and the production of final Flashgate products, FG Manufacturing will be tasked with continuing to service existing 3-Axis customers and grow the precision CNC business.

About Flashgate – Flashgate is transforming the entrance of retailers into analytics and digital signage portals. Flashgate has developed Patent Pending technology to combine RF and RFID product detection systems with advertising display screens and data collection technologies. The Company’s products are deployed at the front entrances of retailers across North America to deliver superior capabilities for retailers and leading product brands. Flashgate is leading the migration to a new way of doing business for the loss prevention, Digital Out Of Home advertising and customer data collection industries. For more information please visit www.flashgate.ca  

The information contained herein is subject to change without notice. Flashgate Technology Inc shall not be liable for technical or editorial errors or omissions contained herein.