Knowles Corporation (NYSE: KN), a market leader and global supplier of advanced micro-acoustic, specialty components, and human interface solutions announced today that it will debut as a standalone, publicly-traded company following its spin-off from Dover Corporation (NYSE: DOV). The company’s common stock will begin trading “regular way” on the New York Stock Exchange (NYSE) under the symbol “KN” on March 3, 2014.
“Today marks the beginning of an exciting new chapter in Knowles’ more than 65-year history,” said Jeffrey S. Niew, Knowles’ president and chief executive officer. “As an independent public company, we now have the opportunity to leverage our long-established heritage of innovation and proven performance. Based on technology that enhances people’s ability to communicate with each other, we strive to continuously reinvent our industry, design solutions that address the needs of the ever-changing world, and enrich the human experience. We are truly excited about our prospects and know that we will continue to serve our customers and our new shareholders very well.”
As part of today’s announcement, Knowles also revealed the company’s new brand identity, including a refreshed logo. Knowles is the No. 1 global supplier of microphones, one of the top three suppliers of speakers and receivers, No. 1 global supplier of hearing aid solutions, and a global supplier of precision devices. The identity celebrates the company’s reputation as a pioneer in acoustics and commitment to improve the quality of audio – continuously pushing boundaries, driving the industry forward and enabling consumers to experience “life above the noise”.
“Becoming independent is a pivotal moment for Knowles. We are committed to helping our customers realize, appreciate and value the marvels of sound sensory solutions,” said Niew. “We believe the momentum in our businesses will drive our continued success, in particular the significant growth in the mobile device market coupled with our commitment to product innovation, operational excellence and the strength of our people globally.”