Per the agreement, INTEK shareholders will receive newly issued [...]]]> Lexon Technologies Inc., a manufacturer of recycles toner for laser printers, fax and multi-function copiers, today announced it has signed a Letter of Intent with INTEK America Inc., a manufacturer of energy efficient paper shredders and toner cartridges and various other “eco-friendly” products under the GoECOlife™ brand.

Per the agreement, INTEK shareholders will receive newly issued shares of Lexon, representing an 80 percent ownership over the combined entity, over which INTEK will assume operating and managerial control.

INTEK is a large-scale manufacturer/distributor of consumer branded products. The company distributes the products through big box retail and dealer channels in the United States, Europe and Asia, with plans to target Australia and New Zealand.

INTEK introduced the first commercial and personal “green” paper shredders under the GoECOlife™ brand. The company’s GoECOlife™ remanufactured toner cartridge line is scheduled to launch in the next two months, followed by several additional products currently in development or pending throughout 2011.

Via:  ibtimes.com