Creos International suspends shares

X-ray generator developer Creos International of Fife, Scotland, has been encountering financial problems of late. The company last month requested that its shares be suspended from trading on the Alternative Investment Market of the U.K. while it “considers its financial position.” The company has closed its subsidiary, Creos Limited, and is seeking the appointment of a provisional liquidator.

The company’s compact x-ray generator technology will live on, however. In December, Creos Limited’s U.S. subsidiary, Creos Inc., sold its business and assets to Colorado businessman Peter Cooper, who founded a new, private company, Creos Technologies of Englewood, CO. Creos Technologies employs 33 people and manufactures the high-powered, high-frequency x-ray generators initially developed by Creos International (SCAN 7/13/94). Creos International holds a residual interest in the new company.