In March 2001, Jaycor was acquired by Titan Systems. With plant and facilities in several states, Jaycor provides services to government and commercial clients. Since the end of the cold war in 1990, the Company has diversifed and implemented a strategy of building shareholder value by commercializing dual-use technologies originally developed under government funding. The first such product was a line of high-speed host bus adapters used to connect work stations and large storage arrays in Storage Area Networks (SANs) using the Fibre Channel standard with speeds up to 2 gigabits per second. In early 1997 the Company reorganized, creating Jaymark as a holding company, JNI, as a separate subsidiary with the mission to become the leading provider of Fibre Channel hardware and software products, and Jaycor as a subsidiary to continue the government services business. Shortly thereafter, California Tube Laboratory, Inc. (CTL), a company that manufactures and rebuilds electron power tubes for both government and industrial clients, was acquired as a wholly owned subsidiary. In October 1999, JNI was spun out as a public company 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 Companys ESOP, and Jaymark was dissolved.The Company continues to operate under the name Jaycor, now focused on both the core government business and the further commercialization of dual use technologies. The PepperBall(tm) line of nonlethal products has been selected for commercialization, and another entity, Jaycor Tactical Systems has been created to supply of nonlethal weapons for use by the police and corrections for compliance, and by the public at large for home defense.
