IRVINE,
Calif., March 1, 2024 /PRNewswire/ -- Interlink
Electronics, Inc. (Nasdaq: LINK) (the "Company"), a world-leading
provider of sensors and printed electronic solutions that support a
wide range of applications, including Human-Machine Interface
("HMI") devices and IoT solutions, today announced that it will
issue a 50% common stock dividend on March
22, 2024 to its stockholders of record as of March 11, 2024 (the "Stock Dividend").
The Stock Dividend will affect all stockholders
uniformly and will not alter any stockholder's percentage interest
in the Company's equity, except to the extent that the Stock
Dividend results in a stockholder owning a fractional share. No
fractional shares will be issued in connection with the Stock
Dividend. Rather, stockholders who would otherwise be entitled to
receive a fractional share instead will become entitled to receive
one (1) share in lieu thereof.
All convertible and exercisable securities of the
Company outstanding immediately prior to the Stock Dividend will be
appropriately adjusted by multiplying the number of shares of
common stock into which the convertible or exercisable securities
are convertible or exercisable by 1.5 and dividing the conversion
or exercise price thereof by 1.5.
Upon completion of the dividend, the outstanding
shares of Interlink's common stock will increase to approximately
9,860,355, based on the number of shares outstanding as of
March 11, 2024.
Stockholders with shares in brokerage accounts
should direct any questions concerning the Stock Dividend to their
broker; all other stockholders may direct questions to the
Company's transfer agent, Computershare, at (800) 962-4284.
About Interlink Electronics, Inc.
Interlink Electronics is a world-leading provider
of sensors and printed electronic solutions that support a wide
range of applications, including Human-Machine Interface ("HMI")
devices and IoT solutions, utilizing our expertise in materials
science, manufacturing, firmware and software to produce in-house
system solutions for custom specifications. We have a proven track
record of supplying mission-critical technological solutions in
diverse markets including medical devices, automotive, gas
detection and environmental quality monitoring, oil and gas and
general industrial, and consumer electronics, providing standard
and custom-designed sensors that provide the flexibility and
functionality needed for today's sophisticated applications.
The Company's products and solutions currently
focus on three main fields:
- For nearly 40 years, the Company has led the printed
electronics industry in commercializing its patented Force Sensing
Resistor® technology, which offers pressure and position sensing
and rugged capabilities in a very wide range of temperatures. Our
piezoelectric film sensors offer strain, bend and vibration sensing
and can be used on curved surfaces, while our advanced matrix
sensor solutions offer multiple touch capabilities. We supply some
of the world's top electronics manufacturers with intuitive sensor
and interface technologies for use in advanced applications such as
medical robotics and vehicle collision detection.
- Our Gas and Environmental Sensors division has over 25 years of
experience in cutting-edge design and manufacture of
electrochemical gas-sensing technology for industry, community,
health and home. We provide advanced sensor solutions, precision
sensing instruments, and custom engineering services for detecting
gases such as carbon monoxide, ozone, hydrogen, NOX gases and
ammonia, for transdermal alcohol detection and for air quality
monitoring. Our innovative printed sensor design enables
high-sensitivity, low-power and cost-effective solutions for broad
adoption in the rapidly growing IOT market.
- Our Calman Technology subsidiary brings over 25 years of
experience in the design and manufacture of membrane keypads,
graphic overlays and industrial label products. We offer IP-rated
digital and hybrid printed devices featuring integrated
backlighting and shielding and printed electronics with advanced
materials ink printing. Calman has customers in fields such as
medical devices and defense technologies and gives the Company a
base in Europe.
We serve our international customer base from our
corporate headquarters in Irvine,
California; our Global Product Development and Materials
Science Center and distribution and logistics center in
Camarillo, California; our
advanced printed-electronics manufacturing facilities in
Shenzhen, China, and Irvine, Scotland; and our proprietary gas-sensor
production and product development facility in Newark, California.
For more information, please visit
InterlinkElectronics.com.
Forward-Looking Statements
This release contains "forward-looking
statements" within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements can be generally identified by phrases such as "thinks,"
"anticipates," "believes," "estimates," "expects," "intends,"
"plans," and similar words. Forward-looking statements in this
press release include statements about our products, operations and
the markets we serve. Forward-looking statements are not guarantees
of future performance and are inherently subject to uncertainties
and other factors which could cause actual results to differ
materially from the forward-looking statement. These statements are
based upon, among other things, assumptions made by, and
information currently available to, management, including
management's own knowledge and assessment of the company's
industry, R&D initiatives, competition and capital
requirements. Other factors and uncertainties that could affect the
company's forward-looking statements include, among other things,
the following: our success in predicting new markets and the
acceptance of our new products; efficient management of our
infrastructure; the pace of technological developments and industry
standards evolution and their effect on our target product and
market choices; the effect of outsourcing technology development;
changes in the ordering patterns of our customers; a decrease in
the quality and/or reliability of our products; protection of our
proprietary intellectual property; competition by alternative
sophisticated as well as generic products; continued availability
of raw materials for our products at competitive prices;
disruptions in our manufacturing facilities; risks of international
sales and operations including fluctuations in exchange rates;
compliance with regulatory requirements applicable to our
manufacturing operations; and customer concentrations. Additional
factors that could cause actual results to differ materially from
those anticipated by our forward-looking statements are under the
captions "Risk Factors" and "Management's Discussion and Analysis
of Financial Condition and Results of Operations" in our most
recent Annual Report (Form 10-K) or Quarterly Report (Form 10-Q)
filed with the Securities and Exchange Commission. Forward-looking
statements are made as of the date of this release, and we
expressly disclaim any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact:
Interlink Electronics, Inc.
IR@iefsr.com
Steven N. Bronson, CEO
805-623-4184
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SOURCE Interlink Electronics