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Interlink Electronics, Inc. (Nasdaq: LINK) today announced that it has acquired the businesses of Space Sensors and KWJ Engineering (“SPEC/KWJ”), two industry-leading designers and manufacturers of gas, air and environmental quality sensors for approx. $2 million.
Interlink Chairman, President and CEO Steven N. “We are excited to add Exclusivity and KWJ to Interlink’s already robust sensor portfolio and capabilities,” said Bronson. “We view this as the first of many acquisitions that will enable Interlink to build a world-class diversified portfolio of cutting-edge sensor technologies.”
SPEC/KWJ brings with it a multi-decade portfolio of gas sensor intellectual property as well as a skilled engineering and product development team. SPEC/KWJ’s trailing twelve month revenue through November 2022 was over $4 million.
“This acquisition meaningfully advances Interlink’s resources and product offering, gives us a significant presence in Silicon Valley and adds engineering talent and intellectual property in gas and air quality sensing that is difficult to replicate,” Mr. Bronson he said.
Ed Stetter, Spec and KWJ CEO, said, “Our team is very excited to join the Interlink family, and we look forward to building on our history and leveraging Interlink’s expertise and global reach to expand our markets and our product portfolio. Looking forward to expanding the offerings.”
forward-looking statements
This release contains forward looking statements. Forward-looking statements include, but are not limited to, the Company’s views on future acquisitions and expansion of markets and product offerings, and generally “thinks,” “anticipates,” “believes,” “estimates,” Identified by phrases such as “expect,” “intend,” “plan,” and similar words. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors that could cause actual results to differ materially from forward-looking statements. These statements are based on assumptions made by management and information currently available, including, among other things, management’s own knowledge and assessment of the company’s industry, R&D initiatives, competition and capital requirements. Other factors and uncertainties that may affect the company’s forward-looking statements include, among other things, the following: our success in forecasting new markets and the acceptance of our new products; efficient management of our infrastructure; the pace of technological advances and industry standards development and their impact on our target product and market choices; impact of outsourcing technology development; changes in the ordering patterns of our customers; reduction in the quality and/or reliability of our products; protect our proprietary intellectual property; competition by alternative refined as well as generic products; continuous availability of raw materials for our products at competitive prices; disruption of our manufacturing facilities; the risks of international sales and operations, including fluctuations in exchange rates; compliance with regulatory requirements applicable to our manufacturing operations; and customer concentration. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are discussed in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Annual Report (Form 10). are under the title. -K) or the Quarterly Report (Form 10-Q) filed with the Securities and Exchange Commission. Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future whether as a result of events of or otherwise.
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