Interlink Press Release
Interlink Electronics, Inc. Announces $550,000 Add-On Order From Major Medical Equipment Manufacturer
May 4, 2023
INTERLINK ELECTRONICS, INC. ANNOUNCES $550,000 ADD-ON ORDER FROM MAJOR MEDICAL EQUIPMENT MANUFACTURER Expands Company’s Posi0on within the Medical Equipment Market May 4, 2023, 6:00 AM PDT IRVINE, CA – (Business Wire) - Interlink Electronics, Inc.
(NASDAQ: LINK), a world-leading trusted technology partner in the rapidly advancing world of human-machine interface devices, sensors, membrane switches and other cuKng-edge technologies, is pleased to announce that it has received a $550,000 add-on order for its force-sensing resistors from a global medical device company.
These sensors will be incorporated into the customer’s product as a key safety device. “We are delighted that our valued customer has placed this order,” said Steven Bronson, Interlink’s CEO, President and Chairman. “It validates our belief that our force-sensing resistor technology has an important role to play in the medical equipment field, and we conYnue to explore this and other markets.” About Interlink Electronics, Inc.
Interlink Electronics is a world-leading trusted technology partner in the rapidly advancing world of human-machine interface (HMI) devices, sensors, membrane switches and other cuKng-edge technologies. In addiYon to standard product offerings, Interlink uYlizes its experYse in materials science, manufacturing, firmware, and so_ware to produce in-house system soluYons for custom applicaYons.
For 38 years, Interlink has led the printed electronics industry to commercialize its patented Force Sensing Resistor® technology. It has supplied some of the world's top electronics manufacturers with intuiYve sensor and interface technologies.
It also has a proven track record of supplying technological soluYons for mission-criYcal applicaYons in a diverse range of markets - including medical, automoYve, consumer electronics, telecommunicaYons, and industrial control - providing standard and custom-designed sensors that give engineers the flexibility and funcYonality they seek in today's sophisYcated electronic devices.
Recent acquisiYons have expanded the Company’s porfolio of products and services into new areas.
SPEC Sensors and KWJ Engineering, purchased in December 2022, offer industry-leading design and manufacture of electrochemical gas-sensing technology for industry, community, health and home, providing custom soluYons, advanced sensors, innovaYve products and unique services with uses in fields such as carbon monoxide and ozone detecYon and air quality monitoring.
Calman Technology Limited, acquired in March 2023, brings over 25 years of experience in the design and manufacture of membrane keypads, graphic overlays and label product, with customers in fields such as medical devices and defense technologies and operaYons across the UK and Europe.
Interlink serves an internaYonal customer base from our corporate headquarters in Irvine, California; our Global Product Development and Materials Science Center and distribuYon and logisYcs center in Camarillo, California; our advanced printed-electronics manufacturing faciliYes in Shenzhen, China, and Irvine, Scotland; and our proprietary producYon and product development facility in Newark, California.
For more informaYon, please visit www.InterlinkElectronics.com. Company Contact Interlink Electronics, Inc. IR@iefsr.com Steven N. Bronson, CEO 805-623-4184 Forward-Looking Statements This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securi0es Li0ga0on Reform Act of 1995.
Forward-looking statements can be generally iden0fied by phrases such as “thinks,” “an0cipates,” “believes,” “es0mates,” “expects,” “intends,” “plans,” and similar words.
Forward-looking statements in this press include statements about our acquisi0on program, our projected annual revenue run rate, and the effects of recent acquisi0ons, including contribu0ons to our products, manufacturing opera0ons and the markets we serve.
Forward-looking statements are not guarantees of future performance and are inherently subject to uncertain0es and other factors which could cause actual results to differ materially from the forward- looking statement.
These statements are based upon, among other things, assump0ons made by, and informa0on currently available to, management, including management’s own knowledge and assessment of the company’s industry, R&D ini0a0ves, compe00on and capital requirements.
Other factors and uncertain0es that could affect the company’s forward-looking statements include, among other things, the following: our success in predic0ng new markets and the acceptance of our new products; efficient management of our infrastructure; the pace of technological developments and industry standards evolu0on and their effect on our target product and market choices; the effect of outsourcing technology development; changes in the ordering pa\erns of our customers; a decrease in the quality and/or reliability of our products; protec0on of our proprietary intellectual property; compe00on by alterna0ve sophis0cated as well as generic products; con0nued availability of raw materials for our products at compe00ve prices; disrup0ons in our manufacturing facili0es; risks of interna0onal sales and opera0ons including fluctua0ons in exchange rates; compliance with regulatory requirements applicable to our manufacturing opera0ons; and customer concentra0ons.
Addi0onal factors that could cause actual results to differ materially from those an0cipated by our forward-looking statements are under the cap0ons “Risk Factors” and “Management’s Discussion and Analysis of Financial Condi0on and Results of Opera0ons” in our most recent Annual Report (Form 10- K) or Quarterly Report (Form 10-Q) filed with the Securi0es and Exchange Commission.
Forward- looking statements are made as of the date of this release, and we expressly disclaim any obliga0on to publicly update or revise any forward-looking statements, whether as a result of new informa0on, future events or otherwise.
