Allied Motion Receives $6.8 Million Order for Defense Market
October 04 2017 - 06:30AM
Business Wire
Allied Motion Technologies Inc. (NASDAQ:AMOT), a designer and
manufacturer that sells precision motion control products and
solutions to the global market, announced that it received a $6.8
million order for motors and other related products to control
azimuth and elevation on a defense application. Revenue will be
equally spread out over a three-year period at an estimated average
of $2.2 million to $2.3 million per year.
“We have long provided products and solutions to the Defense
industry that meet advanced and high assurance requirements,” said
Dick Warzala, Chairman and CEO of Allied Motion. “This application
win further strengthens our Defense market position and
demonstrates the markets’ acceptance of our solutions that can
provide vital performance on precision market applications.”
Production is expected to start in the latter part of the 2017
fourth quarter and be at full production levels within the first
quarter of 2018.
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 Vehicle, Medical, Aerospace & Defense, and
Industrial/Electronics. 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 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 precision motion
solutions that utilize multiple Allied Motion technologies to
“change the game” and create higher value solutions for its
customers. The Company routinely posts news and other important
information on its website at http://www.alliedmotion.com/.
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version on businesswire.com: http://www.businesswire.com/news/home/20171004005428/en/
Company:Allied Motion Technologies Inc.Sue Chiarmonte,
716-242-8634
x602sue.chiarmonte@alliedmotion.comorInvestors:Kei Advisors
LLCDeborah K. Pawlowski, 716-843-3908dpawlowski@keiadvisors.com
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