Activist Investing LLC Announces 5.7% Ownership Interest in Electro-Sensors, Inc.
January 14 2022 - 8:30AM
Activist Investing LLC (together with its affiliates, “Activist
Investing” or “we”), today announced the acquisition of
approximately 5.7% of the outstanding shares of Electro-Sensors,
Inc. (NASDAQ: ELSE) (“ELSE” or the “Company”). David Elliot Lazar,
Chief Executive Officer of Activist Investing, issued the following
statement:
“We are pleased to announce our significant
investment in ELSE given the meaningful opportunity we believe the
Company represents and are eager to begin working with the Board of
Directors and management to actively explore potential strategic
options to drive shareholder value.”
About Activist
InvestingActivist Investing LLC is an investment fund
specializing in reverse merger and other event-driven
opportunities. Its CEO, David E. Lazar, brings domestic and
international experience in operations, accounting, audit
preparation, due diligence, capital restructuring, debt financing,
and mergers and acquisitions.
Investor Contact
Information:David E.
Lazardavid@activistinvestingllc.comAbout Electro-Sensors,
Inc.Electro-Sensors, Inc. is an industry leading designer
and manufacturer of rugged and reliable machine monitoring sensors
and wireless/wired hazard monitoring systems applied across
multiple industries and applications. These products improve
processes by protecting people, safeguarding systems, reducing
downtime, and preventing waste. Most standard products ship within
one to two days and have an industry-leading 5-year warranty.
Electro-Sensors is proud to be an ISO9001:2015 quality certified
company and is committed to providing excellent customer service
and technical support. Founded in 1968 and located in Minnetonka,
Minnesota, Electro-Sensors provides its loyal customers with
reliable products that improve safety and help plants operate with
greater efficiency, productivity and control.
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