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The
Applied Technologies Division was founded in 1975 as Jaycor,
Inc., an employee-owned, advanced-technology company providing
services to government and commercial clients. During the
first 15 years, Jaycor focused on activities supporting the
defense of the country against strategic nuclear attack. At
the end of the cold war in 1990, the Company began to diversify,
and at the same time implemented a strategy of building shareholder
value by commercializing dual-use technologies originally
developed under government funding.
The first product selected
for commercialization was a line of high-speed host bus adapters
used to connect workstations and large storage arrays in Storage
Area Networks (SANs) using the Fibre Channel standard with
speeds up to 2 gigabits per second. In early 1997 the Company
reorganized, creating Jaymark as a holding company, JNI, as
a separate subsidiary with the mission to become the leading
provider of Fibre Channel hardware and software products,
and Jaycor as a subsidiary to continue the government services
business. Shortly thereafter, California Tube Laboratory,
Inc. (CTL), a company that manufactures and rebuilds electron
power tubes for both government and industrial clients, was
acquired as a wholly owned subsidiary.
In
October 1999, JNI was spun out as a public company in one
of the most successful IPOs in San Diego history, with Jaymark
retaining approximately 62% of the outstanding JNI stock.
The Company was reorganized once again in July of 2000, whereby
the JNI stock held by Jaymark was distributed to shareholders,
Jaycor and CTL were purchased by the Company’s ESOP,
and Jaymark was dissolved.
The
second commercialization effort began as a division of Jaycor
in 1999, and was spun out as a separate company, Jaycor Tactical
Systems (JTS), in October 2000. JTS was created with the mission
of developing, manufacturing, and marketing goods and services
to assist law enforcement and corrections departments gain
compliance with no lethal weapons, and to assist the general
public with self defense. JTS’s first products were
a line of Pepperball launchers and projectiles for use
by law enforcement and corrections departments. JTS, now known
as PepperBall Technologies, is planning to develop additional
products for use by the public at large.
In
January of 2002, Jaycor entered into a merger agreement with
The Titan Corporation, a public company headquartered in San
Diego. The merger was consummated on March 21, 2002, and effective
that date Jaycor became a wholly owned subsidiary of Titan
Corporation. The corporate cultures of both Titan and Jaycor
focused on growing the core defense business, while at the
same time commercializing selected defense technologies.
After
the merger, Jaycor became known as The Advanced Technologies
Group, headed by Mike Bell, under The Applied Technologies
Sector, headed by Tony Frederickson. About a year later, L-3
Communications acquired The Titan Corporation. The collective
defense and research technologies of Jaycor, combined with
L-3's existing capabilities, results in a well-rounded and
diversified defense and technology company, with unparalleled
capabilities.
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