Schmitt Industries Announces Promotion and Expansion Plans for Schmitt Europe Limited
February 18 2019 - 8:30AM
Schmitt Industries, Inc. (NASDAQ: SMIT) today announced promotion
and expansion plans for Schmitt Europe Limited (SEL), which will
further position the company with its focus on the European
grinding market.
Tim Wood has accepted the role of SEL General Manager. Mr.
Wood is a chartered mechanical engineer and has worked with SEL
since 2001 as an International Sales Manager. With this
promotion, Mr. Wood will be responsible for working with the entire
European team to ensure a focused and successful direction. He will
also provide support for SEL key accounts and assume an
instrumental role in directing engineering priorities.
The Company has also committed resources to fund the addition of
an application engineer in Europe to further support the innovative
European grinding market.
“In furtherance of our continued SBS focus, we are pleased to
announce the promotion of Tim Wood and the pending addition of an
application engineer,” said Michael R. Zapata, Executive Chairman
and President of Schmitt. “Together, with the SEL and full Schmitt
team, we look forward to expanding and enhancing our service of the
European grinding market.”
About Schmitt Industries
Schmitt Industries, Inc. (the Company) 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. 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. For the Measurement Segment, the
Company has two core product lines: the Acuity® product line, which
consists of sales of laser and white light sensor distance
measurement and dimensional sizing products; and the Xact® product
line, which consists of sales of remote tank monitoring products
that measure the fill levels of tanks holding propane, diesel and
other tank-based liquids and revenues from the related monitoring
services associated with the transmission of data from the tanks to
a secure web site.
For more information contact: Ann M. Ferguson, CFO and
Treasurer, (503) 227-7908
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