CPI International, Inc. was incorporated in November 2003 in Delaware under the name CPI Acquisition Corp. and was wholly-owned at that time by a private equity firm. In January 2004, CPI Acquisition Corp. acquired the business of Communications & Power Industries Holding Corporation and later changed its name to CPI Holdco, Inc. In January 2006, CPI Holdco, Inc. changed its name to CPI International, Inc. CPI International, Inc. is the parent company of Communications & Power Industries, Inc.
When was CPI founded?
In 1948, Russell and Sigurd Varian founded Varian Associates, Inc. and introduced the klystron as its first commercial product. Their first products became the progenitors of Communications & Power Industries' current product lines. Over time, Varian Associates developed new devices and uses for its products, including applications for the radar, electronic warfare, communications, medical, industrial and scientific markets. In 1995, a private equity firm, together with members of management, purchased the electron devices business from Varian Associates and formed Communications & Power Industries.
What does CPI do?
CPI International, Inc. is the parent company of Communications & Power Industries, Inc., a leading provider of microwave, radio frequency, power and control solutions for critical defense, communications, medical, scientific and other applications. Communications & Power Industries, Inc. develops, manufactures and distributes products used to generate, amplify and transmit high-power/high-frequency microwave and radio frequency signals and/or provide power and control for various applications. End-use applications of these systems include the transmission of radar signals for navigation and location; transmission of deception signals for electronic countermeasures; transmission and amplification of voice, data and video signals for broadcasting, Internet and other types of commercial and military communications; providing power and control for medical diagnostic imaging; generating microwave energy for radiation therapy in the treatment of cancer and for various industrial and scientific applications.
Who are CPI's customers?
CPI sells its products to both government and commercial customers, original equipment manufacturers (OEMs) and end-users, and its products are sold in more than 85 countries, primarily through an internal sales force and, in certain circumstances, through external sales forces and distributors. Communications & Power Industries' products are used in several industries and end markets, including the radar, electronic warfare, communications, medical, industrial and scientific markets.
What are CPI's products?
CPI has an extensive portfolio of more than 4,500 products that includes a wide range of microwave and power grid vacuum electron devices (VEDs), solid state devices and products such as satellite communications amplifier subsystems; radar and electronic warfare subsystems and integrated microwave assemblies; medical x-ray generators, control and display systems; modulators and transmitters; as well as various electronic power supply and control subsystems. Additionally, Communications & Power Industries has developed complementary, more highly-integrated subsystems that contain additional integrated components for medical imaging and satellite communications applications. Typically, CPI's products are used to generate or amplify various forms of electromagnetic energy; direct, measure and control electromagnetic energy; and/or provide and control the voltages and currents that power devices which generate electromagnetic energy.
Where are CPI's headquarters?
CPI International is headquartered in Palo Alto, Calif. CPI has manufacturing facilities in Palo Alto, Calif.; Woodland, Calif.; Camarillo, Calif.; Beverly, Mass.; and Georgetown, Ontario, Canada; and sales and service centers in more than 40 locations worldwide.
Who are the members of CPI's Board?
For a listing of the board of directors of CPI International, click here.
Who are the members of CPI's senior management?
For a listing of the management of CPI International, click here.
When was CPI's initial public offering?
CPI International went public on April 28, 2006. CPI International is listed on the Nasdaq Global Market under the symbol "CPII."
How many employees does CPI have?
As of September 28, 2007, CPI International had approximately 1,700 employees.
How can I buy CPI stock?
Please contact a registered stock brokerage firm. CPI does not offer a direct stock purchase plan.
Who is CPI's transfer agent?
CPI International's transfer agent is BNY Mellon Shareowner Services. There are several ways to contact BNY Mellon Shareowner Services:
BNY Mellon Shareowner Services
Shareholder Relations Department
P.O. Box 11258
Church Street Station
New York, NY 10286
CPI International's outside legal counsel is Irell & Manella LLP.
Who are CPI's independent public accountants?
CPI International's independent public accountants are KPMG LLP.
Does CPI pay dividends?
No. CPI expects to retain any future profits for use in the operation and expansion of its business, and does not anticipate paying any cash dividends in the foreseeable future.
When does CPI's fiscal year end?
CPI International's fiscal year end is the Friday nearest September 30.
How many shares of CPI common stock are authorized?
CPI International has 90 million shares of common stock authorized.
How many shares of CPI common stock are issued and outstanding?
As of November 29, 2007, there are 16,382,656 shares of CPI International's common stock issued and outstanding.
How do I obtain copies of CPI's financial information?
You can review and download the following financial information for CPI directly from this site:
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