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About the Advanced Technologies
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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 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. The collective defense and research technologies of Jaycor, combined with Titan's existing capabilities, results in a well-rounded and diversified defense and technology company, with unparalleled capabilities. The Website for The Titan Corporation can be found at www.titan.com. |
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