Schmitt Industries Announces Relaunch of Xact Website
April 16 2019 - 8:30AM
Schmitt Industries, Inc. (NASDAQ: SMIT) today announced the
relaunch of the Xact® website.
Xact, part of the Schmitt Industries family of products,
provides industry-leading remote tank monitoring for fuel
distributors. Its products include satellite-based systems that
provide reliable service in remote locations and ultrasonic tank
monitoring sensors for accurate level reporting for tanks of all
sizes. By being able to monitor any tank, anywhere, Xact plays an
important role in fuel monitoring and logistics, saving customers
time and money. The relaunch of the Xact website reflects the
company’s commitment to applying its engineering expertise to
provide Internet of Things based solutions the fuel industry.
“Our customers and partners rely on our products and services to
fill their coverage gaps in remote and harsh regions as well as
provide industry leading accuracy through our ultrasonic monitors
for tanks of all sizes,” said Michael R. Zapata, Executive Chairman
and President of Schmitt. “We look forward to partnering with the
industry to round out their solution offerings with our Xact
products.”
XACT: http://www.xact-data.com/
About Schmitt Industries
Schmitt Industries, Inc. (“Schmitt” or the “Company”) designs,
manufactures and sells high precision test and measurement
products, solutions and services through our SBS®, Acuity® and
Xact® product lines, which are reported in two business segments:
the Balancer segment and the Measurement segment. Through our SBS
product line within 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 SBS 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. In the
Measurement segment, the Company has two core product lines:
Acuity, which consists of sales of laser and white light sensor
distance measurement and dimensional sizing products, and Xact,
which includes ultrasonic-based remote tank monitoring products and
related monitoring revenues for markets in the Internet of Things
environment. The Xact products measure the fill levels of tanks
holding propane, diesel and other tank-based liquids and the
related monitoring services, which includes transmission of fill
data from the tanks via satellite to a secure web site for
display.
For more information contact: Matt Harvey, Xact Project
Manager (503) 595-4293
Photos accompanying this announcement are available at:
http://www.globenewswire.com/NewsRoom/AttachmentNg/7feb1242-9273-4b6a-936b-766a765c2383
http://www.globenewswire.com/NewsRoom/AttachmentNg/2a80ae1f-afda-4954-b945-03ffa38b9fdc
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