Micron Solutions, Inc. Announces $1M Annual Contract Award from an innovation leader in the Defense Market
2019年9月25日 - 3:53AM
Micron Solutions, Inc. (NYSE American: MICR) (the “Company”), a
diversified contract manufacturing organization, through its
wholly-owned subsidiary, Micron Products, Inc., producing
highly-engineered, innovative components and assemblies requiring
precision machining and injection molding, announced today the
award of a $1 million annual contract from an innovation leader in
the defense market. This contract is the first of several purchase
orders for this 5-year program. Subsequent orders are expected to
increase in volume as the devices are deployed internationally.
Micron's team of engineers and manufacturing
experts have worked closely with our client to fortify the design
for function, manufacturability and cost for these high precision
optical components, which are designed to perform in very harsh
environments. Mike Simmons, SVP of Operations, noted, “This
contract is another example of how our vertical capabilities in
tool making, injection molding and machining allow us to
efficiently develop solutions for our clients quickly and cost
effectively.”
CEO Bill Laursen commented, "We are very excited
about this new program. As a USA manufacturer, there is nothing
better than knowing that the hard work of our team at Micron is
contributing to the safety and performance of troops in the
field."
About Micron Solutions,
Inc.
Micron Solutions, Inc., through its wholly-owned
subsidiary, Micron Products, Inc., is a diversified contract
manufacturing organization that produces highly-engineered,
innovative medical device components and assemblies requiring
precision machining and injection molding. The Company also
manufactures components, devices and equipment for military, law
enforcement, industrial and automotive applications. In addition,
the Company is a market leader in the production and sale of
silver/silver chloride coated and conductive resin sensors used as
consumable component parts in the manufacture of integrated
disposable electrophysiological sensors. The Company’s strategy for
growth is to build a best-in-class contract manufacturer with a
specialized focus on plastic injection molding and
highly-engineered medical devices and components requiring
precision machining.
The Company routinely posts news and other
important information on its websites:
http://www.micronsolutionsinc.com and
http://www.micronproducts.com
Safe Harbor Statement
Forward-looking statements made herein are based
on current expectations of Micron Solutions, Inc. (“our” or the
“Company”) that involve a number of risks and uncertainties and
should not be considered as guarantees of future performance. The
factors that could cause actual results to differ materially
include our ability to obtain and retain order volumes from
customers who represent significant proportions of net sales; our
ability to maintain our pricing model, offset higher costs with
price increases and/or decrease our cost of sales; variability of
customer delivery requirements; the level of and ability to
generate sales of higher margin products and services; our ability
to manage our level of debt and provisions in the debt agreements
which could make the Company sensitive to the effects of economic
downturns and limit our ability to react to changes in the economy
or our industry; failure to comply with financial and other
covenants in our credit facility; reliance on revenues from exports
and impact on financial results due to economic uncertainty or
downturns in foreign markets; volatility in commodity and energy
prices and our ability to offset higher costs with price increases;
continued availability of supplies or materials used in
manufacturing at competitive prices; variations in the mix of
products sold; continued availability of supplies or materials used
in manufacturing at competitive prices; and the amount and timing
of investments in capital equipment, sales and marketing,
engineering and information technology resources. More information
about factors that potentially could affect the Company's financial
results is included in the Company's Annual Report on Form 10-K and
other filings with the Securities and Exchange Commission.
For more information,
contact:
Bill Laursen Chief Executive Officer
978.345.5000
Micron Solutions (AMEX:MICR)
過去 株価チャート
から 6 2024 まで 7 2024
Micron Solutions (AMEX:MICR)
過去 株価チャート
から 7 2023 まで 7 2024