This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Key Technology Announces Significant Order From Leading Agricultural Company

WALLA WALLA, Wash., Dec. 13, 2012 (GLOBE NEWSWIRE) -- Key Technology, Inc. (Nasdaq:KTEC), a worldwide leader and full-solutions provider in the design and manufacture of process automation systems, today announced it has entered into an agreement valued at approximately $5 million to supply optical sorting solutions to a Fortune 500 provider of agricultural products. Shipments of the new order are expected to begin in January and conclude by the end of March.

Jack Ehren, President and Chief Executive Officer commented, "This order is a result of the successful installation and operation of our systems in multiple plants with this same customer during the past season, totaling approximately $4 million. We are gratified that we have the opportunity to partner with this customer again in achieving their goal to provide quality agricultural products."

Key Technology's Veo™ Optical Sorters, equipped with advanced cameras and image processing, are used to inspect and sort ears of seed corn. The Veo can be viewed sorting seed corn by visiting the following link:

About Key Technology

Key Technology, Inc., headquartered in Walla Walla, Washington, is a worldwide leader in the design and manufacture of process automation systems for the food processing, industrial and pharmaceutical markets. The Company's products integrate electro-optical inspection and sorting, specialized conveying and product preparation equipment, which allows processors to improve quality, increase yield and reduce cost. Key has manufacturing facilities in Washington, Oregon, and the Netherlands, and worldwide sales and service coverage.

This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements in this release address future financial and operating results.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,078.31 -53.55 -0.31%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,815.7310 -22.9120 -0.47%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs