Mikron Infrared (NASDAQ:MIKR)
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From Jun 2019 to Jun 2024
Mikron Infrared, Inc. (NASD:MIKR) announced today that
its wholly owned subsidiary, IMPAC Infrared GmbH, has acquired all of
the share capital of Kleiber Infrared GmbH for cash consideration in
an undisclosed amount. Kleiber, which is located in Saalfeld, Germany,
specializes in the manufacture of infrared pyrometers for temperature
measurement of fast processes at high speeds involving response times
as quick as 10 microseconds, and is the predominant supplier in that
market niche. Typical applications include the laser market for
material processing and testing.
Rolf Breternitz, Managing Director of Mikron's European
operations, stated that, "the acquisition of Kleiber expands the
addressable application base for Mikron Group products. Furthermore,
the development team at Kleiber has unique design expertise that can
be extrapolated to other group products."
Gerry Posner, Mikron's CEO remarked that, "the inclusion of
Kleiber in the Mikron Infrared family follows our philosophy of making
acquisitions in niche areas which expand our product portfolio. As
with our previous acquisitions, we believe the strength of our
distribution channel will enable us to grow the sales base of Kleiber
products significantly."
About Mikron Infrared, Inc.
Mikron Infrared, Inc., founded in 1969, is a developer,
manufacturer and marketer of infrared non-contact temperature
measurement devices, temperature sensors, calibration sources and
thermal imaging systems. Its executive offices and manufacturing
facilities are located at 16 Thornton Road, Oakland, NJ (Tel. No.
201-405-0900).
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Those
statements include but are not limited to statements regarding our
business and acquisition strategies, marketing assumptions, product
development, plans concerning the commercialization of products, risks
associated with demand for and market acceptance of existing and newly
developed products as to which we have made significant investments,
general economic and industry conditions; competitive products and
pricing pressures and increased pricing pressures from our customers.
Such statements are not guarantees of future performance. They are
subject to certain risks, uncertainties and assumptions that are
difficult to predict, and that could cause actual results to differ
materially from those included in the forward-looking statements.
Factors that could affect the company's actual results include but are
not limited to the risks discussed in the company's Annual Report on
Form 10-KSB for the year ended October 31, 2005. Readers are cautioned
not to place undue reliance on these forward-looking statements, which
speak only as of the date of this release. The company undertakes no
obligation to update publicly any forward-looking statements to
reflect the occurrence of unanticipated events.