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Meyer Suozzi Represents Intelligent Product Solutions in Sale of Business

Intelligent Product Solutions, Inc. (IPS), a Hauppauge product design firm, was acquired by Forward Industries, Inc., a public NASDAQ-listed company based in Florida. Richard Eisenberg, Of Counsel to Meyer Suozzi, represented IPS in the transaction including the negotiation and closing of the acquisition. IPS was purchased in a cash, stock and debt deal that was worth up to $7 million.