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Thursday, Mar 28, 2024

Satellite Communications Firm Now Owned by AML

Amplifier manufacturer AML Communications Inc. acquired the remaining 49 percent in shares of its subsidiary Mica-Tech Inc. Camarillo-based AML purchased a majority share in the company in April. Mica-Tech designs and manufacturers satellite communications systems for the electric power grid. AML bought out the remaining Mica-Tech shares in preparation for entering the demand response market, a program in which businesses reduce power use during peak periods. The buy out was an opportunity for AML shareholders and steps are being taken to bolster Mica-Tech’s financial and management structure.

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