BNET Industries
Market Cap:$10.1M
Last Fiscal Year Sales:$11.4M
- Public
- US
Dow Jones Description
Schmitt Industries designs, manufactures and markets distinct types of precision manufacturing process measurement and control systems. SBS automatic balancing systems for rotating machinery are used by many of the world s leading automotive, aerospace and bearing manufacturers. The non-contact measurement laser systems that SMS manufactures and produces, are targeted to high-tech manufacturers worldwide and ensure that silicon wafers and computer hard disks meet exacting standards for surface microroughness. The company currently has employees at its European sales office in Coventry, England. In the U.S. a number of regional sales managers are employed, and the bulk of employees are at the corporate headquarters in Portland, Oregon. The company s mission is to provide the best possible products and quality for its customers, to provide challenging and rewarding employee opportunities and to provide the greatest possible return to shareholders. Schmitt Industries Inc. is a certified ISO-9001 compliant company.
Number of Employees 40
Peer Companies
NAICS Code Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables: 334513
Recent Events
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Schmitt Industries buys Optical Dimensions
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Schmitt Industries reports net loss for fiscal Q1 2010
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Schmitt Industries Introduces New SB-5500 Balancer Control Panel
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Monitoring System measures propane tank fill levels.
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Schmitt Industries Announces Fourth Quarter and Fiscal Year 2009 Operating Results
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Schmitt names Fitzhenry president
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Schmitt Industries Hires James Fitzhenry As President - Quick Facts
News & Analysis
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schmitt industries inc. - All News and Analysis
Schmitt Recognized in Deloitte 2006 Pacific Northwest Fast 50
- 2006-10-19
PORTLAND, Ore. -- Schmitt Industries, Inc. (NASDAQ:SMIT) is pleased to announce that Schmitt has been named to Deloitte's 2006 Pacific Northwest Technology Fast 50, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in Washington, Oregon and Idaho by Deloitte & Touche USA LLP, one...
Schmitt Industries, Inc. Announces Annual Meeting Date
- 2002-11-01
PORTLAND, Ore.--BUSINESS WIRE--Aug. 27, 1999-- Schmitt Industries, Inc. (Nasdaq:SMIT) announced today that its Annual Meeting of Shareholders of the Company will be held on Friday, October 8, 1999, at 3:00 p.m. local time, at the Company's headquarters at 2765 N.W. Nicolai St., Portland, Oregon. The shareholders will be...
Schmitt Industries, Inc. Board Delays Possible Reverse Stock Split
- 2000-08-01
Business Editors PORTLAND, Ore.--BUSINESS WIRE--Oct. 9, 2001 Schmitt Industries, Inc. (NASDAQ:SMIT) received shareholder approval on October 5, 2001 that empowered its Board of Directors to implement a reverse stock split designed to increase the price of its common stock and thereby meet NASDAQ's continued listing requirements. Recent...
Schmitt Industries, Inc. Announces Change in Annual Meeting Date
- 1999-09-15
PORTLAND, Ore.--BUSINESS WIRE--Sept. 15, 1999-- Schmitt Industries, Inc. (Nasdaq:SMIT) announced today that its Annual Meeting of Shareholders of the Company has been changed to Friday, October 29, 1999 at 3:00 p.m. local time, at the Company's headquarters at 2765 N.W. Nicolai St., Portland, Oregon. The shareholders will be...
Schmitt Industries, Inc. Announces Agreement to Acquire 12,080,000 Shares Common Stock of Air Packaging Technologies, Inc
- 1998-12-10
PORTLAND, Ore.--BUSINESS WIRE--Dec. 10, 1998--Schmitt Industries, Inc. (Nasdaq:SMIT) is pleased to announce that it has entered into agreements to acquire a total of 12,080,000 shares common stock of Air Packaging Technologies, Inc. APTI from foreign investors in exchange for 560,000 newly issued shares of Schmitt common stock. The Schmitt...
Schmitt Industries, Inc. Announces Stock Repurchase
- 1998-07-29
PORTLAND, Ore.--BUSINESS WIRE--July 29, 1998--Schmitt Industries, Inc. (NASDAQ:SMIT) today announces that its Board of Directors has reconfirmed its previous authorization for a Company stock repurchase program.Under the program, the Company may repurchase up to 250,000 of its shares in the open market at times and prices determined by management."We believe...
Schmitt Industries, Inc. Announces Successful Testing of SB-4500 Dynamic Balancer Controller
- 1998-06-16
PORTLAND, Ore.--BUSINESS WIRE--June 16, 1998--Schmitt Industries, Inc. (NASDAQ:SMIT) is pleased to announce the successful testing of its new SB-4500 Dynamic Balancer Controller.This advanced, high-speed controller is a technological breakthrough that allows faster balancing at lower balancer levels and also has multiple task controlling capabilities.Wayne A. Case, President and CEO of...
Schmitt Industries Inc. announces annual general meeting
- 1996-09-20
PORTLAND, Ore.--BUSINESS WIRE--Sept. 20, 1996--The annual shareholders' meeting for Schmitt Industries Inc. will be held on Oct. 25, 1996, at 3 p.m. local time at the company's headquarters at 2765 N.W. Nicolai St., Portland.The record date for the meeting is Sept. 9, 1996. The purposes of the meeting are...
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