IRVINE,
Calif., Dec. 19, 2024 /PRNewswire/ -- Interlink
Electronics, Inc. (Nasdaq: LINK), a leading provider of sensor and
printed electronics solutions, is pleased to announce the
acquisition of the businesses of UK-based Conductive Transfers
Limited ("CT") and its affiliate, Global Print Solutions Limited
("GPS").
In addition to valuable printing equipment, Interlink is
acquiring CT's and GPS's innovative patented processes for the
integration of electronics with textiles, resulting in functional
e-textiles and wearable technology. CT and GPS boast a successful
track record with their award-winning patented technologies,
serving customers across various sectors, including apparel,
healthcare, medical, and automotive. Their product offerings
include heaters for clothing and personal protective equipment, as
well as Functional Electrical Stimulation electrodes designed for
the rehabilitation of stroke patients. Products in development
include sensors for pressure, temperature, humidity, and moisture,
which can be used in hospital beds, diapers, and femtech
applications. Additionally, they are involved in exciting projects
within the automotive industry that utilize their proprietary
pressure sensors and efficient ElastaTherm® heaters. Every stage of
development, from prototype to production, is managed from a
state-of-the-art 11,000 square foot facility located near
Sheffield, UK.
"We are excited to be part of the Interlink organization, which
provides us with the resources to significantly expand our customer
base worldwide," stated Paul Brook,
co-founder of CT and GPS.
"The acquisition of CT's and GPS's businesses fits perfectly
with our strategy to enhance our offerings and capabilities in the
realm of sensors and printed electronics," said Steven Bronson, CEO of Interlink Electronics. He
further emphasized that "the opportunities in wearables and smart
textiles represent a high-growth market."
About Interlink Electronics, Inc.
Interlink
Electronics is a leading provider of sensors and printed electronic
solutions, boasting nearly 40 years of success in delivering
mission-critical technologies across diverse markets. Our blue-chip
customers benefit from our robust instruments and printed
electronics solutions, which span various markets including
industrial, medical, consumer, and automotive. Our expertise in
materials science, manufacturing, embedded electronics, firmware,
and software enables us to create custom solutions tailored to our
customers' unique needs
(www.interlinkelectronics.com).
Forward Looking Statements
This release contains "forward-looking statements" within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements can be
generally identified by phrases such as "thinks," "anticipates,"
"believes," "estimates," "expects," "intends," "plans,"
"prospective" and similar words. Forward-looking statements in this
press release include statements about CT's and GPS's products
under development and new market initiatives. Forward-looking
statements are not guarantees of future performance and are
inherently subject to uncertainties and other factors which could
cause actual results to differ materially from the forward-looking
statement. These statements are based upon, among other things,
assumptions made by, and information currently available to,
management, including management's own knowledge and assessment of
CT's and GPS's industry, R&D initiatives, competition and
capital requirements. Other factors and uncertainties that could
affect the company's forward-looking statements include, among
other things, the following: our ability to integrate the acquired
businesses with our existing operations; our success in predicting
new markets and the acceptance of our new products; efficient
management of our infrastructure; the pace of technological
developments and industry standards evolution and their effect on
our target product and market choices; the effect of outsourcing
technology development; changes in the ordering patterns of our
customers; a decrease in the quality and/or reliability of our
products; protection of our proprietary intellectual property;
competition by alternative sophisticated as well as generic
products; continued availability of raw materials for our products
at competitive prices; disruptions in our manufacturing facilities;
risks of international sales and operations including fluctuations
in exchange rates; compliance with regulatory requirements
applicable to our manufacturing operations; and customer
concentrations. Additional factors that could cause actual results
to differ materially from those anticipated by our forward-looking
statements are under the captions "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" in our most recent Annual Report (Form 10-K) or
Quarterly Report (Form 10-Q) filed with the Securities and Exchange
Commission. Forward-looking statements are made as of the date of
this release, and we expressly disclaim any obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
Contact:
Interlink Electronics, Inc.
IR@iefsr.com
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SOURCE Interlink Electronics