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Investor Information |
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Welcome to the investor information section of our web site. Schmitt Industries'
stock is traded under the symbol SMIT
on the NASDAQ/CM exchange. If you are new to Schmitt you will find
a brief overview of our company and our products below. We also have our
2009 Annual Report (PDF),
in its entirety, available online.
If you cannot find what you are looking for on our web site or if you would
like additional information about Schmitt please contact us by calling investor relations at (503) 227-7908 or by filling out our contact us
form.
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About the Company |
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Schmitt Industries, Inc. is a Portland, Oregon-based Company that develops
and markets high-tech equipment essential to a variety of manufacturing processes.
Schmitt's balancing equipment keeps precision machine tools operating at peak
efficiency, while its innovative laser measurement systems help ensure that computer
chips and hard disks are free from defects. With an expanding international presence,
the company markets its products to a worldwide customer base that reads like
a "Who's who" of global industry.
For an overview of Schmitt Industries history, please see Intro to Schmitt in
our Corporate info section of this site. |
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Global Growth Strategy
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Schmitt has established sales offices in England, managed by a dedicated Europe sales manager. We have
been working in China since 1994 and have established a focused
distribution network which is actively managed by a dedicated Schmitt
sales manager.
Schmitt has developed a strong market presence
throughout the European Community and Asia with these moves, which
offers the company attractive growth potential.
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Balancing Equipment for Precision Machine Tools |
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Schmitt Balancing Systems are utilized throughout the world by such industrial
giants as Boeing, General Motors, Ford, Mercedes Benz and Daewoo. These innovative
systems are used to keep precision rotating devices, such as grinding wheels,
fans and turbines, operating at optimum efficiency. Productivity and cost savings
can be substantial: One customer reported that Schmitt's equipment reduced downtime
for balancing from 90 minutes to 15 minutes a day. |
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Precise Laser Measurement for Computer Makers |
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Another wholly owned subsidiary is Schmitt Measurement Systems. This divisions
core product, the TMS 2000RC, uses reflected laser light to measure the surface
smoothness of substrates, the basic material for computer chips, as well as disks
for hard drives. Schmitt's equipment allows manufacturers to catch substandard
parts quickly and correct manufacturing processes before too many defective parts
are produced. Schmitt's laser-scanning technology has been purchased in quantity
and accepted by such industry powerhouses as Hitachi/IBM, HMT, Komag and Seagate.
Computers are becoming exponentially more powerful and complex. Over the last
25 years, the computing power of microprocessor chips, the heart of PCs, has increased
almost 50 percent per year. By the year 2006, Intel projects that its semiconductor
chips will contain between 300 million and 500 million transistors compared with
3.5 million transistors today. As a result, tolerances in manufacturing are becoming
even more exacting. Surface texture must be smoother and freer of defects than
was even imaginable just a few years ago. Schmitt's precise laser measurement
systems, which measure in 10ths of angstroms, help ensure that semiconductors
and computer hard disks meet these demanding quality standards. One angstrom is four-billionths
of an inch.
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