Micron Products, Inc. Awarded U.S. Patent
July 17 2018 - 9:28AM
Micron Products, Inc., a wholly owned subsidiary of Micron
Solutions, Inc. (NYSE American:MICR), (together “Micron” or “the
Company”) announces today that the Company has been notified by the
U.S. Patent and Trademark Office that the Company will be awarded a
patent for an invention which improves the high-low pressure system
in 40MM M212 casings used in military, law enforcement and other
markets. Under a multi-year exclusive supply agreement with
Security Devices International, Inc. (TSX-V:SDZ) (OTCQB:SDEV),
(“SDI”), the patent rights and obligations are shared
equally.
Salvatore Emma, President of Micron
Products commented, “Micron has been manufacturing 40 millimeter
casings for SDI with our patented pressure system which improves
the accuracy and velocity of projectiles using the 40mm casing. SDI
was the first company in the industry to adopt the improved system
and the results are impressive.”
Both the U.S. and foreign militaries have
started to use less lethal weapons as their missions have expanded
to include domestic crowd control as well as assisting and
supporting developing nation states. As the military is
tasked with interacting with civilian populations, the demand for
effective less-lethal weapons is growing exponentially.
Mr. Emma concluded, “We are delighted to be the
exclusive manufacturer to SDI and we are currently working with
them to develop new and innovative products for their markets.”
About Micron Products, Inc.
Micron Products, Inc., a wholly-owned subsidiary
of Micron Solutions, Inc., is a diversified contract manufacturing
organization that produces highly-engineered, innovative components
requiring precision machining and injection molding. The Company
also manufactures components, devices and equipment for military,
law enforcement, industrial, medical device and automotive
applications. In addition, the Company is a market leader in the
production and sale of silver/silver chloride coated and conductive
resin sensors used as consumable component parts in the manufacture
of integrated disposable electrophysiological sensors. The
Company’s strategy for growth is to build a best-in-class contract
manufacturer with a specialized focus on plastic injection molding
and highly-engineered medical devices and components requiring
precision machining.
The Company routinely posts news and other
important information on its websites:
http://www.micronproducts.com and
http://www.micronsolutionsinc.com.
Contact:
Mr. Salvatore Emma, Jr. President and
CEOhttp://www.micronproducts.com978-345-5000
About Security Devices International
SDI is a technology company specializing in the
areas of Military, Law Enforcement, Corrections, and Private
Security. The Company develops and manufactures innovative, less
lethal equipment and munitions.
Contact:
Mr. Paul
JensenPresidenthttp://www.securitydii.com 978-868-5011
Safe Harbor Statement
Forward-looking statements made herein are based
on current expectations of Micron Solutions, Inc. (“our” or the
“Company”) that involve a number of risks and uncertainties and
should not be considered as guarantees of future performance. The
factors that could cause actual results to differ materially
include our ability to obtain and retain order volumes from
customers who represent significant proportions of net sales; our
ability to maintain our pricing model, offset higher costs with
price increases and/or decrease our cost of sales; variability of
customer delivery requirements; the level of and ability to
generate sales of higher margin products and services; our ability
to manage our level of debt and provisions in the debt agreements
which could make the Company sensitive to the effects of economic
downturns and limit our ability to react to changes in the economy
or our industry; failure to comply with financial and other
covenants in our credit facility; reliance on revenues from exports
and impact on financial results due to economic uncertainty or
downturns in foreign markets; volatility in commodity and energy
prices and our ability to offset higher costs with price increases;
continued availability of supplies or materials used in
manufacturing at competitive prices; variations in the mix of
products sold; continued availability of supplies or materials used
in manufacturing at competitive prices; and the amount and timing
of investments in capital equipment, sales and marketing,
engineering and information technology resources. More
information about factors that potentially could affect the
Company's financial results is included in the Company's Annual
Report on Form 10-K and other filings with the Securities and
Exchange Commission.
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