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Written by / Agency / Source: LORD MicroStrain

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Lord Corporation Signs Agreement to Acquire Microstrain, Inc. - MicroStrain, Inc. of Williston, Vt. is pleased to announce it has agreed to the terms of a business acquisition of its assets by LORD Corporation, headquartered in Cary, N.C - LORD.com / MicroStrain.com
Lord Corporation Signs Agreement to Acquire Microstrain, Inc.

 

NewswireToday - /newswire/ - Williston, VT, United States, 2012/08/21 - MicroStrain, Inc. of Williston, Vt. is pleased to announce it has agreed to the terms of a business acquisition of its assets by LORD Corporation, headquartered in Cary, N.C - LORD.com / MicroStrain.com.

   
 
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“We’ve worked on a number of innovative joint development projects with LORD for several years now,” said Steve Arms, founder and CEO of MicroStrain. “Our organizations are well aligned, both from a strategic and a cultural perspective, and we’re excited to have access to the broad range of scientific, engineering, and marketing expertise that has made LORD so successful for more than 85 years. LORD is committed to growing the MicroStrain workforce, which shall remain in Vermont as its Sensing Systems business.

MicroStrain will continue to serve its existing customer base and markets while simultaneously working to embed its inertial and energy harvesting wireless sensors into LORD vibration control products. These components, with embedded sensors and intelligence, will push time synchronized data to the internet via MicroStrain's SensorCloud services. This will enable fleet operators to aggregate critical operational data from a wide variety of platforms, including fixed- and rotary-wing aircraft, maritime vessels, heavy equipment, and advanced industrial processes. The new sensing systems will reduce maintenance costs, increase mission readiness, and enhance safety

“The joining of LORD vibration and motion control products with the MicroStrain sensor system will enable the next generation of smarter machines, aircraft, and industrial processes,” said Arms.

MICROSTRAIN (microstrain.com) is a Vermont corporation which specializes in combining micro-sensors with embedded processors to autonomously track operational usage and to navigate and control unmanned systems.

LORD (lord.com) is a diversified technology company specializing in adhesive, coating, and motion management technologies to provide enhanced performance in aerospace, defense, automotive and industrial applications. LORD operates technology centers and manufacturing locations around the world and has more than 2,800 employees.

Contact:
Jill Mastrangelo, Gibbs & Soell Public Relations
P: +1 919 870 5718 - E: jmastrangelo[.]gibbs-soell.com.

 
 
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Written by / Agency / Source: LORD MicroStrain

 
 

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Lord Corporation Signs Agreement to Acquire Microstrain, Inc.

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MicroStrain, Inc. | LORD
Publisher Contact: Press Office - MicroStrain.com 
+1 802-862-6629 sales[.]microstrain.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any LORD MicroStrain securities in any jurisdiction including any other companies listed or named in this release.

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