The company, based in Edmonton, Canada, announced this week that it is set to emerge from creditor protection in August 2013. On July 9th, 2013, Micralyne held a vote with its creditors on the plan to emerge from creditor protection and the company's creditors reportedly voted overwhelmingly in support of the plan. This sets the stage for court approval of Micralyne's plan for emergence for next week. The action to seek protection in March 2012 was intended to protect the company's existing customer base, new customers, vendors and employees as Micralyne worked to overcome some business pressures created from a significant contraction of revenues. We spoke briefly with Mike Ciprick, Micralyne's acting president and CEO.
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