AMOT Allied Motion Technologies Inc

Allied Motion Technologies Inc. (NASDAQ:AMOT), a global designer and manufacturer of motion control products, announced that Kevin McNicholas has joined the Company as Vice President of Sales.  Mr. McNicholas, who brings more than 30 years of sales, marketing and executive leadership in machine automation and motion control, will unite the regional sales and target market sales functions to create a combined, global sales organization and market channel strategy for driving sales growth.  He will oversee Allied Motion’s regional sales teams and market managers while maximizing the capabilities of the Company’s three strategically-placed Solution Centers in Europe, North America and Asia.  The Solution Centers apply the Company’s wide breadth of drive, control, gearing, motor and feedback technologies to create cost effective, custom-engineered motion control solutions for customers.   

Dick Warzala, Chairman and CEO commented, “Allied Motion is fortunate to bring on board a senior sales executive with Kevin’s breadth of experience and track record of success in the motion control industry.  His objectives are to create an integrated sales organization and develop a market channel strategy that will expand our reach and capture market share.  We are confident that Kevin will add significant value as we advance our efforts to become a leading global provider of motion solutions.”

Mr. McNicholas most recently was managing partner of Integr-i-motion, a consulting firm providing support to large motion companies on projects relating to new product introduction, market expansion and sales distribution network initiatives.  Earlier in his career, he served as the Automation Group Vice President of Sales and Marketing at Parker Hannifin where he was responsible for the development and implementation of a sales engineering team and distribution network.  Mr. McNicholas holds a Bachelor of Science in Economics and Business from Rockford University.  He has been a member of the Board of Directors of the Motion Control and Motor Association.

About Allied Motion Technologies Inc.

Allied Motion (NASDAQ:AMOT), designs, manufactures and sells precision and specialty motion control components and systems used in a broad range of industries within our major served markets, which include the Vehicle, Medical, Electronics, Industrial, and Aerospace and Defense.  The Company is headquartered in Amherst, NY, has global operations and sells into markets across the United States, Canada, South America, Europe and Asia.

Allied Motion is focused exclusively on motion control applications and is known worldwide for its expertise in electro-magnetic, mechanical and electronic motion technology.  Its products include brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gear motors, gearing, modular digital servo drives, motion controllers, incremental and absolute optical encoders, and other associated motion control-related products.  The Company’s growth strategy is focused on becoming the motion solution leader in its selected target markets by leveraging its “technology/know how” to develop integrated solutions that utilize multiple Allied Motion technologies to “change the game” and create increased value solutions for its customers.

The Company routinely posts news and other important information on its website at http://alliedmotion.com.

Safe Harbor Statement

The statements in this press release that relate to future plans, events or performance are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward‑looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance, or achievements, and may contain the word “believe,” “anticipate,” “expect,” “project,” “intend,” “will continue,” “will likely result,” “should” or words or phrases of similar meaning.  Forward‑looking statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from the expected results described in the forward‑looking statements.  The risks and uncertainties include those associated with: the domestic and foreign general business and economic conditions in the markets we serve, including political and currency risks and adverse changes in local legal and regulatory environments; the introduction of new technologies and the impact of competitive products; the ability to protect the Company’s intellectual property; our ability to sustain, manage or forecast its growth and product acceptance to accurately align capacity with demand; the continued success of our customers and the ability to realize the full amounts reflected in our order backlog as revenue; the loss of significant customers or the enforceability of the Company’s contracts in connection with a merger, acquisition, disposition, bankruptcy, or otherwise; our ability to meet the technical specifications of our customers; the performance of subcontractors or suppliers and the continued availability of parts and components; changes in government regulations; the availability of financing and our access to capital markets, borrowings, or financial transactions to hedge certain risks; the ability to attract and retain qualified personnel who can design new applications and products for the motion industry; the ability to implement our corporate strategies designed for growth and improvement in profits including to identify and consummate favorable acquisitions to support external growth and the development of new technologies; the ability to successfully integrate an acquired business into our business model without substantial costs, delays, or problems; our the ability to control costs, including the establishment and operation of low cost region manufacturing and component sourcing capabilities; and other risks and uncertainties detailed from time to time in the Company’s SEC filings.  Actual results, events and performance may differ materially.  Readers are cautioned not to place undue reliance on these forward‑looking statements as a prediction of actual results.  Any forward-looking statement speaks only as of the date on which it is made. New risks and uncertainties arise over time, and it is not possible for us to predict the occurrence of those matters or the manner in which they may affect us. The Company has no obligation or intent to release publicly any revisions to any forward looking statements, whether as a result of new information, future events, or otherwise.

 

Company Contact:
Sue Chiarmonte
Allied Motion Technologies Inc. 
Phone:  716-242-8634 x602 
Email:  sue.chiarmonte@alliedmotion.com

Investor Contact:
Deborah K. Pawlowski
Kei Advisors LLC
Phone:  716-843-3908
Email:  dpawlowski@keiadvisors.com