Wegener Corp.’s board of directors has formed a committee of independent directors to consider strategic and financial alternatives to boost shareholder value, the company announced March 13.

The company has retained Near Earth LLC to evaluate alternatives including technology licensing agreements; product development and marketing arrangements, joint ventures or strategic partnerships; strategic acquisitions, mergers or other business combinations; or a merger or sale of all or part of the company.

Wegener expects not to disclose developments until completion of the review and the board’s decision regarding any plan or transaction.