Kimball Electronics Forms Strategic Partnership with XStream Systems.JASPER, Ind. -- Kimball Electronics Group, Inc., through its related subsidiaries, announced today that the company has entered into an agreement with XStream Systems XStream Systems Inc is a US-based company which develops x-ray based identification equipment for research and pharmaceutical industry applications. The company is named after the stream of photons emitted from an x-ray source. , Inc. to manufacture their XT250 Material Identification System. Kimball Electronics Group, Inc., a subsidiary of Kimball International Kimball International, Inc. NASDAQ: KBALB is a manufacturer of furniture and industrial electronics. Founded by W.W. Kimball in 1857 as a piano dealership, it was discontinued after 1996 but remains one of America's oldest and most distinguished keyboard instrument , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :KBALB), is a global contract electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). (EMS) company that specializes in durable electronics with applications in the public safety, automotive, medical, and industrial controls industries. XStream Systems, Inc. is a company that designs and sells next-generation material identification equipment for verification and detection of substances as wide-ranging as illicit drugs illicit drug Street drug, see there , pharmaceuticals, chemicals, and food products. Don Charron, President, Kimball Electronics Group, stated, "We are excited about being the strategic manufacturing partner for XStream, and we believe that their newly developed and patented Energy-Dispersive X-Ray Diffraction (EDXRD) technology will quickly establish them as a market leader." Brian Mayo, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , XStream Systems, said, "Kimball's commitment to be both a business partner as well as a supplier is very important to XStream and we look forward to a long lasting relationship." Jim Thyen, President and CEO of Kimball International, Inc., said, "XStream Systems, Inc. has developed a unique, innovative product providing a valuable service for the public safety in our communities. We are honored to be chosen as the preferred supplier and to have earned the opportunity this brings for growth and diversification." Under the terms of the agreement, Kimball Electronics will assemble, test, service, and repair the XT250 x-ray system in their Jasper, Indiana Jasper is a city in Dubois County, Indiana, United States. The population was 12,100 at the 2000 census. The city has been the county seat of Dubois CountyGR6, since 1830, succeeding Portersville. facility, with first production units shipping later this year. About Kimball Electronics: Kimball Electronics Group is well recognized for its excellent quality, reliability and innovative service. The September 2005 issue of "Electronic Business" magazine ranked Kimball Electronics as #26 among the global Top 100 Contract Manufacturers. In June 2005, "Electronics Supply & Manufacturing" magazine rated Kimball Electronics #20 among the Top 50 Electronics Manufacturing Services Companies. Kimball Electronics Group has manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. in the U.S., Mexico, Thailand, Poland, Wales Wales, Welsh Cymru, western peninsula and political division (principality) of Great Britain (1991 pop. 2,798,200), 8,016 sq mi (20,761 sq km), west of England; politically united with England since 1536. The capital is Cardiff. , Ireland, and a soon to be completed new facility in China. About XStream Systems, Inc.: XStream Systems, Inc., founded in 2004, is headquartered in Vero Beach, Florida Vero Beach is a city in Indian River County, Florida, USA. According to the U.S. Census Bureau's 2006 estimates, the city had a population of 19,916.[2] It is the county seat of Indian River CountyGR6. . The company's products are based on a technology called Energy-Dispersive X-Ray Diffraction (EDXRD), that can be used to quickly identify unknown substances based on their crystalline structure. This highly sensitive Adj. 1. highly sensitive - readily affected by various agents; "a highly sensitive explosive is easily exploded by a shock"; "a sensitive colloid is readily coagulated" technology was previously available only in expensive, large-scale systems used at major research centers. The company plans to bring material identification capabilities within reach of nearly any organization, with easy-to-use, affordable products. To learn more about XSTREAM SYSTEMS, Inc., visit the Company's website on the Internet at: www.xstreamsystems.net About Kimball International: Recognized with a reputation for excellence, Kimball International is committed to a high performance culture that values personal and organizational commitment In the study of organizational behavior and Industrial/Organizational Psychology, organizational commitment is, in a general sense, the employee's psychological attachment to the organization. to quality, reliability, value, speed, and ethical behavior. Kimball employees know they are part of a corporate culture that builds success for customers while enabling employees to share in the company's success through personal, professional and financial growth. Kimball International, Inc. (NASDAQ:KBALB) provides a variety of products from its two business segments: the Furniture and Cabinets segment and the Electronic Contract Assemblies segment. The Electronic Contract Assemblies segment provides engineering and manufacturing services which utilize common production and support capabilities to a variety of industries globally. The Furniture and Cabinets segment provides furniture for the office and hospitality industries, sold under the Company's family of brand names. The Furniture and Cabinets segment also provides engineering and manufacturing services which utilize common production and support capabilities on a contract basis to customers primarily in the residential furniture and cabinets industry. To learn more about Kimball International, Inc., visit the Company's website on the Internet at: www.kimball.com "Kimball International ... We Build Success!" |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion