UNAUDITED PRO FORMA CONDENSED FINANCIAL INFORMATIONEvans & Sutherland Computer Corp • August 11th, 2006 • Miscellaneous electrical machinery, equipment & supplies
On February 7, 2006, Evans & Sutherland Computer Corporation (the “Company”) entered into an asset purchase agreement (the “Asset Purchase Agreement”) with Rockwell Collins, Inc. pursuant to which the Company agreed to sell substantially all of the assets and certain liabilities (the “Asset Sale”) of its commercial and military simulation businesses and related service and support operations (collectively, the “Simulation Business”). The Asset Purchase Agreement provided that, upon the closing of the Asset Sale, the Company and an affiliate of Rockwell Collins would enter into a laser projection systems agreement (the “Laser Agreement”) pursuant to which the Company agreed to develop its laser projection systems for certain applications and grant exclusive and non-exclusive intellectual property licenses to such products in connection with the Simulation Business and certain related businesses of Rockwell Collins (the Asset Sale and the transactions contemplated by the Laser Agreement
