Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion,”
“Allied” or the “Company”), a global designer and manufacturer of
precision and specialty controlled motion products and solutions,
announced that it has realigned and expanded its organization
structure to strengthen its ability to create innovative solutions
and provide for greater scalability for growth in the future.
Dick Warzala, Chairman, President and CEO, commented, “Allied
Motion has realized more than 60% growth over the last five years.
The structural modifications we are making, which are consistent
with and in support of our long-term strategy, are a step change in
the organization that positions us to continue to build on that
success in the future. It is also gratifying to note that all of
the promotions were made from personnel within the Company, further
demonstrating our ability to internally develop the talent
necessary for the future growth of Allied.”
The company has named three individuals, Ashish Bendre
(Germantown, WI), Robert Maida (Amherst, NY) and Helmut
Pirthauer (Kelheim, Germany) to lead a re-aligned business unit
and group structure to improve operating efficiencies and expand
growth opportunities in the future. Each group will include
vertical/geographic market expansion and complementary technology
offerings to promote more complete system solutions. The groups are
fully aligned with the Corporate Strategy and “One Allied” approach
to leverage the complete range of resources and capabilities of the
Company, including the existing core Technology/Production Units
and the various sales and support channels to market.
Acquisitions and strategic partnerships will continue to be an
integral part of Allied’s long term strategy and Steve
Warzala (Amherst, NY), will lead the efforts to identify,
nurture and develop the relationships necessary to ensure a strong
pipeline of future opportunities. Allied Motion has demonstrated
its ability to successfully integrate strategically aligned and
complementary companies to meet its long-term strategic goals. This
newly created position will ensure a continued and strong emphasis
of expansion for the future.
To drive organic growth, Allied is further expanding its Global
Engineering Team (“GET”) beyond its current electronics
capabilities to also include electromagnetic and mechanical
capabilities consistent with the goal to provide more complete
system solutions. Under the leadership of Ken May (Amherst,
NY), GET will further engage the strong engineering capabilities
throughout the Company and will increasingly utilize advanced
simulation and modeling capabilities to streamline and accelerate
the development process. This will ensure that more complete and
advanced system technology solutions are being developed to meet
the emerging needs of our target markets and customers.
Lastly, Allied Systematic Tools (AST), is core to the culture of
the Company and helps drive continuous improvements in Quality,
Delivery, Cost and Innovation. Geoff Rondeau (Amherst, NY),
will now lead the efforts within Allied to ensure AST is being
fully utilized and applied throughout the Company. AST is essential
to driving continuous improvement in operating efficiencies and
accelerating the Growth and Innovation initiatives that empowers
Allied to continue to exceed the market growth rates of its served
Target Markets.
Mr. Warzala concluded, “In summary, our new structure:
- Creates new business groups to leverage technologies and
geographies,
- Adds a business development role to accelerate growth,
- Expands the Global Engineering Team capabilities to further
system solutions, and
- Emphasizes AST’s focus to improve efficiencies and drive growth
and innovation.
Our new structure crosses geographic and technology boundaries
and creates greater cohesion across the organization. The new
structure also broadens our leadership pool and creates more
opportunities for personal growth in the Company. Allied has grown
to a size where broader leadership is needed to maintain our
momentum. This realignment further allows me to focus more intently
on strategic initiatives to drive increased shareholder value and
to ensure we meet the long-term goals and objectives of the
Company.”
About Allied Motion Technologies Inc.
Allied Motion (Nasdaq: AMOT) designs, manufactures and sells
precision and specialty controlled motion products and solutions
used in a broad range of industries within our major served
markets, which include Vehicle, Medical, Aerospace & Defense,
and Industrial. Headquartered in Amherst, NY, the Company has
global operations and sells into markets across the United States,
Canada, South America, Europe and Asia.
Allied Motion is focused on controlled motion applications and
is known worldwide for its expertise in electro-magnetic,
mechanical and electronic motion technology. Its products include
brush and brushless DC motors, brushless servo and torque motors,
coreless DC motors, integrated brushless motor-drives, gear motors,
gearing, modular digital servo drives, motion controllers,
incremental and absolute optical encoders, active (electronic) and
passive (magnetic) filters for power quality and harmonic issues,
and other controlled motion-related products.
The Company’s growth strategy is focused on being the controlled
motion solutions leader in its selected target markets by
leveraging its “technology/know how” to develop integrated
precision solutions that utilize multiple Allied Motion
technologies to “change the game” and create higher value solutions
for its customers. The Company routinely posts news and other
important information on its website at
http://www.alliedmotion.com/.
Safe Harbor Statement
The statements in this news release that relate to future plans,
events or performance are “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate, or imply future
results, performance, or achievements. Examples of forward-looking
statements include, among others, statements the Company makes
regarding expected operating results, anticipated levels of capital
expenditures, the Company’s belief that it has sufficient liquidity
to fund its business operations, and expectations with respect to
the conversion of backlog to sales. Forward-looking statements are
neither historical facts nor assurances of future performance.
Instead, they are based only on the Company’s current beliefs,
expectations, and assumptions regarding the future of the Company’s
business, future plans and strategies, projections, anticipated
events and trends, the economy and other future conditions. Because
forward-looking statements relate to the future, they are subject
to inherent uncertainties, risks and changes in circumstances that
are difficult to predict and many of which are outside of the
Company’s control. The Company’s actual results and financial
condition may differ materially from those indicated in the
forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements. Important factors that could
cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, general economic and business conditions,
conditions affecting the industries served by the Company and its
subsidiaries, conditions affecting the Company's customers and
suppliers, competitor responses to the Company's products and
services, the overall market acceptance of such products and
services, the effectiveness of the restructuring of its business,
the effectiveness of AST, the pace of bookings relative to
shipments, the ability to expand into new markets and geographic
regions, the success in acquiring new business, the impact of
changes in income tax rates or policies, the severity, magnitude
and duration of the COVID-19 pandemic, including impacts of the
pandemic and of businesses’ and governments’ responses to the
pandemic on our operations and personnel, and on commercial
activity and demand across our and our customers’ businesses, and
on global supply chains; the inability to predict the extent to
which the COVID-19 pandemic and related impacts will continue to
adversely impact our business operations, financial performance,
results of operations, financial position, the prices of our
securities and the achievement of our strategic objectives and
other factors disclosed in the Company's periodic reports filed
with the Securities and Exchange Commission. Any forward-looking
statement speaks only as of the date on which it is made. New risks
and uncertainties arise over time, and it is not possible for us to
predict the occurrence of those matters or the manner in which they
may affect us. The Company has no obligation or intent to release
publicly any revisions to any forward looking statements, whether
as a result of new information, future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20200727005760/en/
Investor: Deborah K. Pawlowski Kei Advisors LLC Phone:
716-843-3908 Email: dpawlowski@keiadvisors.com
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