Major investment in DAP Technologies

DAP Technologies, manufacturer of handheld computers, has announced that Neptune Technology Group Inc. has acquired a controlling interest in DAP through the purchase of the majority of DAP’s ordinary shares. At the same time the newly-constituted board has decided to introduce a major investment plan in DAP, which will be staggered over the next three years.

Neptune offers a full line of metering products and meter reading systems to water utilities throughout North America, offering a fully integrated migration path for its utility customers based on its ProRead absolute encoder technology. Together DAP and Neptune plan to position DAP as a world leader in a fully rugged mobile computing industry. DAP will have access to larger resources to develop its markets and introduce innovative products with greater speed.