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DULUTH, Minn., Feb. 27, 2014 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq:IKNX), a Duluth-based imaging technology company, announced a Distribution Agreement with JDS Industries, the leading product supplier to the awards and recognition industry.
With fourteen distribution centers throughout the United States and a decades-long reputation for consistent delivery, exceptional customer service and a diverse product offering, JDS is uniquely positioned to avail IKONICS Imaging products to geographical markets traditionally outside the focus of IKONICS Imaging, including those customers JDS has been supplying for years.
JDS Industries owner, Scott Sletten, described the partnership as "an excellent fit," acknowledging that the addition of the IKONICS Imaging product roster to his inventory is a significant opportunity for his own business development and that of his long-standing customers.
"Our customers tend to be very entrepreneurial," Sletten said. "Our ability to offer the world's finest sandcarving equipment, photoresist films and other products will be very well received—they're always looking for new streams of revenue and the IKONICS Imaging line is exactly that."
Peter Norman, Corporate Accounts Manager at IKONICS Imaging, was similarly enthusiastic. "We know our product line is the best in the world and that JDS has distribution capabilities that are unsurpassed, so combining our efforts in this way is sort of a natural evolution of both businesses."
The companies will collaborate in their promotional efforts in trade publications and at trade shows.
This press release contains forward-looking statements regarding sales, gross profits, net earnings, balance sheet position, industry trends and new products, technologies and businesses initiatives that involve risks and uncertainties. The Company's actual results could differ materially as a result of downturns in the aerospace industry, unexpected production delays by the Company's customers, lack of acceptance of new products and technologies, introduction of new products or technologies by competitors, the effects of federal budget sequestration, domestic and global economic conditions, inherent risk and uncertainty in the protection of intellectual property rights, the ability to control operating costs without impacting growth as well as the factors described in the Company's Forms 10-K, and 10-Q, and other reports on file with the SEC.