Schmitt Industries, Inc. Announces Appointment of Chairman of the Board of Directors
January 06 2017 - 2:00PM
Schmitt Industries, Inc. (NASDAQ:SMIT) (the “Company”) today
announced the appointment of Michael J. Ellsworth as the Chairman
of the Company's Board of Directors, effective January 5, 2017.
Mr. Ellsworth has served as a director of the Company since
April 2006. Mr. Ellsworth served as Chief Operating
Officer and advisor to the Board of Directors of ADE Corporation,
Westwood, Massachusetts (“ADE”), from 1993 to 1997. ADE is a
semiconductor metrology and instrumentation company. After
retirement from active management in 1997, he continued to serve as
a Vice President and an advisor to ADE’s Board of Directors until
2001. Mr. Ellsworth also served as President, CEO and
Director of Electro Scientific Industries from 1987 to
1992. Electro Scientific Industries is a microelectronics and
semiconductor capital equipment corporation. He is presently
Chairman of Motion Optics Corporation, a privately held
semiconductor equipment company, and also works as a consultant to
the semiconductor industry through his firm, Kinetic Technologies,
Inc. where he serves as the President.
About Schmitt Industries
Schmitt Industries, Inc. designs, manufactures and sells high
precision test and measurement products for two main business
segments: the Balancer segment and the Measurement segment. For the
Balancer segment, the Company designs, manufactures and sells
computer-controlled vibration detection, balancing and process
control systems for the worldwide machine tool industry,
particularly for grinding machines. For the Measurement segment,
the Company designs, manufactures and sells laser and white light
sensors for distance, dimensional and area measurement for a wide
variety of commercial applications, laser-based microroughness
measurement products for the semiconductor wafer and hard disk
drive industries and for other industrial applications, laser-based
surface analysis and measurement products for a variety of
scientific applications, and ultrasonic measurement products that
measure the fill levels of tanks holding propane, diesel and other
tank-based liquids and transmit that data via satellite to a secure
web site for display. The Company also provides sales and service
for Europe and Asia through its wholly owned subsidiary, Schmitt
Europe Limited (SEL), located in Coventry, England and through its
sales representative office located in Shanghai, China.
CORPORATE OFFICE: 2765 NW NICOLAI ST.●
PORTLAND, OREGON 97210 ● 503/227-7908 ●
FAX 503/223-1258
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