Scientific Technologies (NASDAQ:STIZ)
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From Jun 2019 to Jun 2024
Scientific Technologies, Inc. ("STI") (NASDAQ:STIZ), the
leading North American provider of automation safeguarding solutions,
has entered into a new distribution agreement with Motion Industries.
One of North America's leading distributors of industrial maintenance,
repair and operation (MRO) replacement parts, Motion Industries has
been authorized to represent STI's complete family of machine safety
products, machine guarding evaluation, safeguarding and press control
integration services throughout the United States and Canada. The
addition of Motion Industries will nearly double the number of North
American distributor locations selling STI's automation safety
products to customers in various industries such as automotive, food
processing, chemical, wood and lumber, pulp and paper, steel, oil and
gas.
"We are delighted to be affiliated with one of the premier
industrial automation distributors in North America," said James A.
Lazzara, Senior Vice President of Sales for STI. "Motion Industries
has a skilled sales force and excellent customer relationships. Their
proven ability to penetrate the end user marketplace, coupled with our
comprehensive line of automation safety products and safety
integration services and our commitment to making people safe and
productive, should prove to be a win-win relationship, particularly
helping STI reach the MRO end-user business."
About STI
Scientific Technologies, Inc. (STI) is a North American leading
provider of automation safeguarding products and services through its
Safety Products Group. STI's Optical Sensor Division (OSD) provides
safety products that are used to protect workers around machinery,
automated equipment and industrial robots. Our products serve a wide
variety of applications and markets, including semiconductor,
automotive, electronics manufacturing, packaging and consumer markets.
STI's Machine Services Division (MSD) provides safety services
such as: safeguarding equipment installations, machine safety
assessments, and the design and custom fabrication of guarding
solutions. MSD specializes in machinery services including the repair,
relocation, installation and service of fabricating machinery. MSD
serves customers in a variety of industries, including metal
fabrication, aerospace, electronics, building materials, automotive
and food processing.
Forward-Looking Statements
Certain statements in this press release, including statements
regarding market penetration and product distribution and sales, are
forward-looking statements that are subject to risks and
uncertainties. These risks and uncertainties, which could cause STI's
results to differ materially from the forward-looking statements,
include general economic conditions; declining market demand;
alternative products in our markets; potential problems with our
products; changes in regulations relating to our products; and the
other risks detailed from time to time in STI's Securities and
Exchange Commission filings and reports, including STI's annual report
filed on Form 10-K and quarterly reports filed on Form 10-Q.
For more information contact Scientific Technologies, Inc., 6550
Dumbarton Circle, Fremont, CA 94555; 1-800-479-3658; 510-608-3400;
fax: 510-744-1442; sales@sti.com; www.sti.com.