Allied Motion Technologies Inc. (NASDAQ: AMOT) today announced that effective on June 1, 2012, GMA, a leading Canadian and Upstate New York manufacturer’s representative company and Allied Motion Technologies have entered into an agreement under which GMA will promote and sell Allied Motion’s products throughout its area of coverage.
In business since 1982, GMA has grown to represent more than twenty manufacturers of electronic components and assemblies. With five offices spread throughout Canada and a sixth office in Rochester, New York, GMA has over twenty sales engineers who already have established contacts and relationships with existing customers in their served markets. These contacts will provide Allied Motion with valuable exposure to customers and markets that have requirements for the type of motion control solutions that Allied Motion offers and it is expected to provide excellent growth opportunities for both companies in the future.
Allied Motion is a global company headquartered in the U.S. that is focused exclusively on serving the motion control market. Allied Motion designs and manufactures motor and electronic motion control products for a broad range of industries in the commercial, industrial, electronic instrumentation and aerospace and defense sectors.
Allied Motion’s products include brush and brushless DC motors, brushless torque motors, coreless DC motors, integrated brushless motor-drives, gearmotors, servo drives, motion controllers, and optical encoders.For further information, contact either: GMA7050 Bramalea Road, Unit 27AMississauga, Ontario L5S 1T1 http://gmarep.com/index.html Ken Wyman, VPAllied Motion Technologies455 Commerce Dr, Ste 5Amherst, NY 142281-716-242-7535 http://www.alliedmotion.com The statements in this press release that relate to future plans, events or performance are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance, or achievements, and may contain the word “believe,” “anticipate,” “expect,” “project,” “intend,” “will continue,” “will likely result,” “should” or words or phrases of similar meaning. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results of the Company to differ materially from the forward-looking statements. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements as a prediction of actual results. The Company has no obligation or intent to release publicly any revisions to any forward looking statements, whether as a result of new information, future events, or otherwise.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV