IRVINE, Calif. , July 6, 2022 /PRNewswire/ -- Interlink Electronics, Inc. (NASDAQ: LINK), a full-service technology partner and global leader in printed electronics and sensor technologies, is pleased to announce the following updates on several key technology deployments and successes that Interlink has delivered:
Successful integration of its FSR technology in a new application by a Tier One Automotive Supplier for a major OEM. First production shipped in 1st half of 2022.
Collaboration on a second generation sensor with a major medical equipment manufacturer who has already integrated Interlink sensors in their robotic-assisted surgery platform solution. This enhanced solution is expected to ship in 2023.
Successful development of a sensor solution as part an infusion medical device system used to deliver fluids into a patient's body in a controlled manner. First production parts are expected to ship in the current quarter.
Interlink continues to work with customers at the leading edge of technology, having recently received an initial mass production order for over $400,000 of products from a leading supplier of VR hardware, which is scheduled to ship over the next 120 days.
Interlink's ability to work closely with customers has allowed it to successfully develop and integrate sensors into a new Smart Mattress Application with first production parts expected to ship in the current quarter.
"We believe these successes reinforce the momentum from our previous and current investments in both our team and our product/technology capabilities," stated Steven N. Bronson , CEO of Intelink Electronics, Inc. "We also look forward to broadening our sensor technology portfolio with the launch of our Piezoelectric sensor line in the 4th quarter of 2022," Mr. Bronson added.
Interlink Electronics is a full-service technology partner and leading provider of sensing and human-machine interface (HMI) solutions. Since introducing the Force Sensing Resistor (FSR®) to market 37 years ago, Interlink has maintained a track record of innovation and manufacturing excellence supported by its vertically-integrated, in-house capabilities. Interlink has made significant investments in R&D and product development, demonstrating its commitment to diversifying its product line, expanding into new markets, and growing its global partner channels. Focused on expanding as a diversified high-growth technology and industrial leader, Interlink is pursuing acquisitions within the following four sectors: Sensors, Test & Measurement, Engineering Services, and Specialty Components/Solutions Manufacturers. For more information, please visit InterlinkElectronics.com .
This release contains forward-looking statements. Forward-looking statements include, but are not limited to, the timing of product shipments and are generally identified by phrases such as "thinks," "anticipates," "believes," "estimates," "expects," "intends," "plans," and similar words. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. These statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the company's industry, the timing of orders for company products, R&D initiatives, competition and capital requirements. Other factors and uncertainties that could affect the company's forward-looking statements include, among other things, the following: our success in predicting new markets and the acceptance of our new products; efficient management of our infrastructure; the pace of technological developments and industry standards evolution and their effect on our target product and market choices; the effect of outsourcing technology development; changes in the ordering patterns of our customers; a decrease in the quality and/or reliability of our products; protection of our proprietary intellectual property; competition by alternative sophisticated as well as generic products; continued availability of raw materials for our products at competitive prices; disruptions in our manufacturing facilities; risks of international sales and operations including fluctuations in exchange rates; compliance with regulatory requirements applicable to our manufacturing operations; and customer concentrations. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report (Form 10-K) or Quarterly Report (Form 10-Q) filed with the Securities and Exchange Commission. Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Interlink Electronics, Inc. IR@iefsr.com Steven N. Bronson , CEO 805-623-4184
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