Waytronx and DC motor manufacturer, MicroMo, agree to sell and distribute revolutionary AMT encoder
TUALATIN, Ore., June 16 /PRNewswire-FirstCall/ -- Waytronx, Inc.
(OTCBulletinBoard: WYNX)
, a leading provider of openly licensable advanced systems cooling solutions and its wholly owned subsidiary, CUI, INC., a provider of electromechanical components, following up on its announcement last month regarding its exclusive worldwide licensing agreement for the sale and distribution of the industry changing AMT encoder technology, today announced that their AMT Series modular encoder is now being carried by MicroMo Electronics, Inc., the North American distributor for the Faulhaber Group.
The AMT utilizes Waytronx's proprietary capacitive technology, which holds numerous advantages over the optical technology typically used in today's modular encoders. The AMT's design allows users to select from a range of resolutions via an on-board dip switch, creating flexibility for companies utilizing multiple encoders in their applications. Additionally, common problems associated with optical encoders, including fragility of the optical disk, LED burn-out, limited temperature range, and high current consumption are eliminated by capacitive technology.
The AMT has been paired with several MicroMo DC motors ranging from 22 to 32 mm diameters and is being sold by MicroMo as a value added package. Dodd Disler, MicroMo's Vice President and Chief Operating Officer observes that Waytronx "provides a competitive encoder solution using unique technology. This provides another great tool for MicroMo to integrate into our custom motion solutions and value added drive systems."
Matt McKenzie CUI's President states, "MicroMo is an industry leader in its space and CUI greatly values their partnership."
According to Waytronx's President & CEO, William Clough, "This relationship with MicroMo and its parent company, the Faulhaber Group, is yet another example of our commitment to acquire and commercialize proprietary technologies; develop strategic relationships; and continue to migrate to a pure technology/licensing platform."
"This agreement demonstrates the continuing value of the CUI acquisition," explained Clough. "By transitioning to a technology based business model using CUI's infra-structure, we believe that our organic growth, as well as our shareholder value will continue to increase," Clough concluded.
About Waytronx, Inc.
Waytronx, Inc. has pioneered and is commercializing innovative thermal management solutions capable of revolutionizing the semiconductor, solar and electronic packaging industries, among others. Utilizing its patented WayCool(TM) hybrid mesh architecture, Waytronx can enhance system performance and remove thermal barriers caused by "microwarming" in today's advanced computing devices. The Company's proprietary central and graphics processor solutions, solar energy cooling solutions and power supply cooling solutions deliver more cost effective and efficient thermal management to the industry. Waytronx changed its name from OnScreen Technologies in December 2007. Waytronx acquired CUI, Inc. in May 2008. For more information, please visit www.waytronx.com.
About CUI, Inc.
CUI, Inc. is a solutions provider of electromechanical components and industrial controls for OEM manufacturing. Since its inception in 1989, CUI has been delivering quality products, extensive application solutions, and superior personal service. CUI's solid customer commitment and honest corporate message are a hallmark in the industry. CUI is a wholly-owned subsidiary of Waytronx, Inc. For more information, please visit www.cui.com.
To learn more please visit: www.micromo.com or www.amtencoder.com.
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the company and its operations, are included in certain forms the company has filed with the Securities and Exchange Commission.
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Website: http://www.waytronx.com