About Schmitt Industries, Inc
Schmitt Industries, Inc., together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide. The company’s Balancer segment offers computer-controlled vibration detection, balancing, and process control systems. Its products comprise SB-5500, an optional acoustic emission monitoring system (AEMS) control card to monitor the AE signals generated on the grinding machine; process control cards to provide enhanced control of the grinding process; SB-2000, a compact manual balancing system; and AE-1000, an AE control platform, which reduces air machine grinding time under the Schmitt Dynamic Balance System brand name. This segment sells its products to end user operators, as well as manufacturers of grinding machines for automotive, industrial, aerospace, and medical industries through independent manufacturers’ representatives and distributors. Its Measurement segment provides laser and confocal chromatic white light sensors for distance, measurement, and dimensional sizing products under the Acuity brand name for various application, including manufacturing, lumber production, steel casting, glass and paper production, medical imaging, crane control and micron-level part, and surface inspection; and ultrasonic measurement products that measure the levels of liquid tanks and transmit that data through satellite to a secure Website for display, as well as remote tank monitoring products under the Xact brand name. Schmitt Industries, Inc. was founded in 1984 and is based in Portland, Oregon. Address: 2765 NW Nicolai Street, Portland, OR, United States, 97210
Schmitt Industries, Inc News and around…
Latest news about Schmitt Industries, Inc (SMIT) common stock and company :
Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") announced that it has entered into a letter of intent to sell all assets related to its Xact business line. This potential transaction is subject to several contingencies, including the negotiation and execution of definitive transaction agreement, the completion of due diligence to the satisfaction of the acquirer and Company board approval.
Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") today announced its results for the third quarter of fiscal year 2022. In addition, the Company announced its intention to focus on Ample Hills Creamery ("Ample Hills") as its core business. This focus will enable Schmitt to accelerate its Ample Hills growth strategy while saving costs and focusing resources on Ample Hills as an independent company.
Gainers Schmitt Industries (NASDAQ:SMIT) stock increased by 10.8% to $4.79 during Friday's regular session. The ...
Acreage Holdings, Inc. (CSE: ACRG.A.U) (CSE: ACRG.B.U) (OTCQX: ACRHF) (OTCQX: ACRDF) appointed Steve Strom to its board of ...
Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) today highlighted steps to enhance the composition of its board of directors following the closing of the proposed merger with Pineapple Energy LLC (“Pineapple”). Following the completion of the proposed merger with Pineapple, CSI will be renamed “Pineapple Holdings, Inc.” (“Pineapple Holdings”), will trade under the new Nasdaq ticker symbol “PEGY,” and will be focused on the growing home solar industry, primarily operating through its Hawaii Energy Connection and E-Gear subsidiary businesses.
--Two New Appointments Rounds Out Board to Seven Members— --New Appointments Add More Financing and Solar Expertise— --Merger Vote Scheduled for March 16, 2022-- MINNEAPOLIS, Feb. 14, 2022 (GLOBE NEWSWIRE) -- Pineapple Energy LLC (“Pineapple”), today announced two additional appointments to its anticipated post-merger Board of Directors. The new directors bring significant experience in financing and residential solar, further preparing Pineapple for post-merger life as a publicly traded company
Schmitt Industries' (NASDAQ: SMIT) Acuity Laser is excited to announce the new 8-inch Touch Panel Display. Building upon the technology from our previous 7-inch version, the 8-inch Touch Panel Display comes with fully revamped 2.0 software, the ability to communicate with up to 6 Acuity sensors, a full suite of connection ports, and the ability to easily perform sophisticated measurement applications such as plane analysis, thickness measurement, and more.
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Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") today announced its operating results for the fiscal quarter ended November 30, 2021. The operating results for the three and six months ended November 30, 2021 and 2020 include financial results from Schmitt's July 9, 2020 acquisition of Ample Hills Creamery ("Ample Hills").
Schmitt Industries, Inc. (NASDAQ: SMIT) today announced its Xact™ Tank Monitoring Solutions ("Xact") business line, a leading provider of satellite-connected gauge and ultrasonic readers in the Internet of Things ("IoT") environment, is releasing a new tank monitoring device, the XR-C (Xact Reader – Cellular). The new XR-C expands Xact's existing Satellite product line to include Cat M bands, and NBIOT when present. It also comes with multiple power accessories for extended battery life, includi
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Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") reminds its shareholders that Schmitt's 2021 annual meeting (the "Annual Meeting") will be held on December 10, 2021, at 10:30 a.m. Eastern Time, at Ample Hills Creamery in Redhook, Brooklyn at 421 Van Brunt St, Brooklyn, New York, 11231. Following the Annual Meeting, the Company will host an update for shareholders, during which Schmitt management will provide an update regarding Schmitt's businesses. The update will be availa
NEW YORK, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Activist Investing LLC (together with its affiliates, “Activist Investing” or “we”), today announced the acquisition of approximately 9.9% of the outstanding shares of Schmitt Industries, Inc. (NASDAQ: SMIT) (“Schmitt” or the “Company”). David Elliot Lazar, Chief Executive Officer of Activist Investing, issued the following statement: “We are pleased to announce our significant investment in Schmitt given the meaningful opportunity we believe the Compa
Schmitt Industries, Inc. (NASDAQ: SMIT) today announced the sale of the 28th Street building for $5.1 million with net proceeds of $4.7 million. The transaction was funded and closed on November 10, 2021 following a 21-day review process and 3 day close.
Schmitt Industries' (NASDAQ: SMIT) Acuity Laser is proud to announce the AR2700 High-Speed Long-Range Sensor, their highest speed long range sensor to date. This ultra-compact rangefinder is eye-safe and can measure natural targets up to 70 meters away or to retroreflective targets 270 meters away.
Schmitt Industries, Inc. (NASDAQ: SMIT) today announced the appointment of Alex Zyngier as the fifth member of the Company's Board of Directors (the "Board") effective October 22, 2021. Mr. Zyngier is an "independent director" according to the rules of the Securities and Exchange Commission and The NASDAQ Stock Market and his appointment creates a majority of independent directors on the Board in compliance with NASDAQ requirements.
Gainers SGOCO Group (NASDAQ:SGOC) stock rose 6.59% to $6.95 during Wednesday's after-market session. This security traded at a ...
Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") today announced its operating results for the fiscal quarter ended August 31, 2021. The operating results for the three months ended August 31, 2021 and August 30, 2020 include financial results from Schmitt's July 9, 2020 acquisition of Ample Hills Creamery ("Ample Hills").
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Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") today announced its operating results for the fiscal year ended May 31, 2021.
Schmitt Industries Inc. (NASDAQ: SMIT) is pleased to announce the release of a new product, the AS2100 Accurate Distance Sensor. Coming from the company's long-range sensor group, the AS2100 is an improved replacement product for the now retired AR2000.
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Schmitt Industries, Inc (SMIT) is a NASDAQ Common Stock listed in Common Stock, Scientific & Technical Instruments, Technology