Datrontech and the Memory Corporation are to join forces to create a company to sell Dram memory.
The joint venture, called Dtec Memory Corporation Limited, starts operations this Sunday, with Memory holding a 51 per cent stake and Datrontech 49 per cent.
Andrew MacKenzie, who was director of memory sales at Datrontech, has been appointed managing director of the joint venture.
Memory has a proprietary method of enabling defective Dram to be recovered and fixed. Although the method was greeted with great enthusiasm by the market when it was first announced, shares in the company have languished for some time and stood at 23p this morning.
The deal will mean the end of the relationship between Roy Taylor and John Byrne, directors of Vanguard, and Memory. Taylor and Byrne were joint managing directors of VCM, which linked to Memory.
Taylor said: ?In the past, John and I had an involvement for a separate business called VCM. But over the past 18 months, Vanguard has taken up much more of our time and attention. It was inevitable that we would have parted company after this joint venture.?
Taylor and Byrne are now joint managing directors for the European agency of large Taiwanese company Vanguard, which manufactures memory products.
Mark Mulford, the chief executive of Datrontech, said: ?DMC will complement our existing memory business and will use Datrontech?s infrastructure and staff to promote our current memory products to new markets.?
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