Micron Products, Inc. wins multi-year purchase commitment for components used by the U.S. Armed Forces
23 Juli 2018 - 9:22PM
Micron Products, Inc., a wholly owned subsidiary of Micron
Solutions, Inc.(NYSE American:MICR), (together “Micron” or “the
Company”) ”) announced today that the Company has received a
purchase commitment for several thousand sets of molded and
machined components used in production of the U.S.-Military’s next
generation thermal weapon sights from Kopin Corporation
(NASDAQ:KOPN), (“Kopin”) the largest U.S. developer of display
systems for wearable technologies and military
applications.
Mr. Salvatore Emma, President and CEO of Micron
Products, commented, “Micron and Kopin have a long and successful
history of working together to manufacture very sophisticated
machined and plastic injection molded products. This partnership,
our qualifications, our commitment to quality and to the success of
our customer, helped to make Micron a manufacturer of choice.
Micron’s unique ability to near-net mold and finish machine the
components made from highly engineered resins helps our customers
compress delivery lead time and costs.” Mr. Emma
concluded, “We are delighted to be the selected manufacturer to
Kopin for this important production opportunity and we look forward
to working with them to develop new products for future
programs.”
The Company expects this to be a multi-million dollar program
which is anticipated to last over several years.
About Micron Products, Inc.
Micron Products, Inc., a wholly-owned subsidiary
of Micron Solutions, Inc., is a diversified contract manufacturing
organization that produces highly-engineered, innovative components
requiring precision machining and injection molding. The Company
also manufactures components, devices and equipment for military,
law enforcement, industrial, medical device 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.micronproducts.com and
http://www.micronsolutionsinc.com.
Contact:
Mr. Salvatore Emma, Jr. President and
CEOhttp://www.micronproducts.com978-345-5000
About Kopin Corporation
Kopin Corporation is a leading developer of
innovative wearable computing technologies and solutions. Kopin’s
technology portfolio includes ultra-small transmissive, reflective
and emissive displays, optics, speech enhancement technology,
software, low-power ASICs, and ergonomically designed smart headset
concept systems. Kopin’s proprietary components and technology are
protected by more than 300 global patents and patents pending. For
more information, please visit Kopin’s website at
www.kopin.com.
Contact: Kopin Corporation Richard
Sneider, 508-870-5959 Treasurer and Chief Financial Officer
Richard_Sneider@kopin.com or Market Street Partners Joann
Horne, 415-445-3233 JHorne@marketstreetpartners.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.
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