St. Louis, Missouri, USA – March 2, 2012 – Laird Technologies, Inc., a global technology company focused on providing components and solutions that protect electronic devices from electromagnetic interference and heat, and that enable connectivity through wireless applications and antenna systems, today announced its acquisition of Microwave Materials Group ("MMG"), the holding company of Emerson & Cuming Microwave Products ("Emerson & Cuming"). For the year ended 31 December 2011, Emerson & Cuming’s revenues were €16.3. Revenues in 2011 increased over the previous year by 20%.
The purchase enhances Laird Technologies’ EMI solutions product offering with the addition of ECCOSORB®, ECCOSTOCK®, ECCOSHIELD® and ECCOPAD®. These established product brands will continue to increase Laird Technologies’ customer base in the wireless and satellite communications, military and aerospace, automotive, RFID and medical markets.
Electronic devices are always evolving into smaller, more powerful products so the shielding requirements continue to change,” said Michael Sutsko, President of Laird Technologies Performance Materials Division. "MMG broadens the range of products we can offer our existing customers as well as expands our customer base."
Emerson & Cuming is a global leader in the development and manufacture of microwave absorbing materials, low-loss dielectrics and electrically conductive shielding materials combining that absorber technology with a wide range of capabilities, in-depth knowledge of materials science, chemistry, microwave theory, and measurement techniques coupled with modern R&D laboratories , to offer high quality leading edge products and customized solutions.
"Laird Technologies already has a strong position in the field of EMI solutions and the addition Emerson & Cuming’s engineering and technology expertise as well their established product brands, allows us to build on our existing EMI business," said Naoto Mizuta, Vice President and General Manager of Laird Technologies’ EMI Solutions business unit.
"Safe Harbor" Statement
Under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to business conditions and the amount of growth in the computer industry and general economy, competitive factors, and other risks detailed from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-K and its quarterly reports on Forms 10-Q. The Company does not undertake any obligation to update forward-looking statements. All trademarks and brand names are the property of their respective companies.
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