Koden America Inc., a subsidiary of Koden Electronics Co. Ltd. in Japan, has sold the SI-TEX brand to NSME, Inc. of Riverhead, N.Y.
Under the terms of the sale, NSME will be responsible for the sales of all current SI-TEX products, and all warranties and repairs of currently supported SI-TEX equipment. NSME also plans to introduce a number of new products under the SI-TEX brand in the near future.
NSME is a group of industry veterans and international OEMs that previously supplied most of the products sold under the SI-TEX brand. Ted Bodtmann, a longtime Koden America employee, will be the president of NSME.
"SI-TEX has had a long history of bringing unique, reliable, affordable and innovative marine electronics products to the North American market. We will continue this tradition and look forward to introducing many new products soon," Bodtmann said in a statement.
"Koden America plans to concentrate on the commercial market, delivering industry leading products for riverboats, tugs, workboats, commercial fishing and government vessels," said Steve Sato, president of Koden America, in a statement.