Quantegy Nearly Back On Track

Opelika, AL (March 7, 2005)--Updating last month's news that Quantegy would be "coming back," the company president and COO Richard Lindenmuth had more good news to report at the beginning of this month. "We have hired some ex-employees as contractors to start up production. We are beginning with audio products--406, 456 and then next week 499 and GP9--since that is where the highest demand is showing," says Lindenmuth. "We will continue to ship products that are being built out of Work-in-Process (we have shipped all the GP9 that was work in process). The new products should begin shipping by the end of March."
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Opelika, AL (March 7, 2005)--Updating last month's news that Quantegy would be "coming back," the company president and COO Richard Lindenmuth had more good news to report at the beginning of this month. "We have hired some ex-employees as contractors to start up production. We are beginning with audio products--406, 456 and then next week 499 and GP9--since that is where the highest demand is showing," said Lindenmuth. "We will continue to ship products that are being built out of Work-in-Process (we have shipped all the GP9 that was work in process). The new products should begin shipping by the end of March."

As for the company's future, Lindenmuth assured a firm foundation will be back in place very soon. "The bid procedure to sell the company has been approved by the Court," he noted. "There is a reasonable chance that we will be sold and the new company will be operating in early April." With the industry in a panic over the threat of no more tape when Quantegy announced it was closing its plant in early January, forces quickly mobilized to ensure the survival of the format.

Lindenmuth added, "Andrew Kautz and the SPARS Board have been very helpful in working with us to provide opportunities for SPARS members to call in and order tape."

Kautz commented, "Our goal has been to get analog tape back in the pipeline as quickly as possible, keeping tape available and affordable as a creative tool for our profession. We also want to be supportive of Quantegy, a company that has been a vital part of our industry for many years. They have provided not only tape, but also moral support and a sense of community in our charitable events and conferences. In this trying time, we want to show them that the recording community and specifically professional recording studios across the country, care about their company and want to ensure that they remain a viable part of our industry."

Quantegy
www.quantegy.com