Allied Motion Receives $6.8 Million Order for Defense Market
Amherst, N.Y. - Allied Motion Technologies Inc. (NASDAQ:AMOT), a designer and manufacturer that sells precision motion control products and solutions to the global market, announced that it received a $6.8 million order for motors and other related products to control azimuth and elevation on a defense application. Revenue will be equally spread out over a three-year period at an estimated average of $2.2 million to $2.3 million per year.
“We have long provided products and solutions to the Defense industry that meet advanced and high assurance requirements,” said Dick Warzala, Chairman and CEO of Allied Motion. “This application win further strengthens our Defense market position and demonstrates the markets’ acceptance of our solutions that can provide vital performance on precision market applications.”
Production is expected to start in the latter part of the 2017 fourth quarter and be at full production levels within the first quarter of 2018.
About Allied Motion Technologies Inc.
Allied Motion (NASDAQ: AMOT) designs, manufactures and sells precision and specialty motion control components and systems used in a broad range of industries within our major served markets, which include Vehicle, Medical, Aerospace & Defense, and Industrial/Electronics. The Company is headquartered in Amherst, NY, has global operations and sells into markets across the United States, Canada, South America, Europe and Asia.
Allied Motion is focused on motion control applications and is known worldwide for its expertise in electro-magnetic, mechanical and electronic motion technology. Its products include brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gear motors, gearing, modular digital servo drives, motion controllers, incremental and absolute optical encoders, and other associated motion control-related products.
The Company’s growth strategy is focused on becoming the motion solution leader in its selected target markets by leveraging its “technology/know how” to develop integrated precision motion solutions that utilize multiple Allied Motion technologies to “change the game” and create higher value solutions for its customers. The Company routinely posts news and other important information on its website at http://www.alliedmotion.com/.