Mikron Infrared, Inc. Announces Acquisition of Kleiber Infrared GmbH.OAKLAND, N.J. -- Mikron mi·kron n. Variant of micron. Infrared, Inc. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). :MIKR) announced today that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , IMPAC IMPAC International Merchant Purchase Authorization Card IMPAC Intersegmental Major Preparation Articulated Curriculum IMPAC Information for Management, Planning, Analysis, and Coordination (National Institutes of Health) 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 pre·dom·i·nant adj. 1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant. 2. 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 Reachable. When something is addressable, it can be identified and manipulated independently of its surroundings. For example, screen pixels and RAM memory are addressable. Each of the screen's picture elements can be individually turned on and off, and each of the memory's bytes can be 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 (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. 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 calibration /cal·i·bra·tion/ (kal?i-bra´shun) determination of the accuracy of an instrument, usually by measurement of its variation from a standard, to ascertain necessary correction factors. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
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