IRVINE, Calif. - Interlink Electronics, Inc. (NASDAQ:LINK), a recognized leader in sensor and printed electronics with a market capitalization of $54.85 million, has expanded its technological portfolio with the acquisition of UK-based Conductive Transfers Limited (CT) and its affiliate, Global Print Solutions Limited (GPS). According to InvestingPro data, the company maintains a strong financial position with more cash than debt and a healthy current ratio of 6.16x. This strategic move, announced today, includes the transfer of advanced patented processes for integrating electronics into textiles, enhancing Interlink's position in the burgeoning e-textiles market.
CT and GPS are known for their innovative solutions in wearable technology, servicing a diverse clientele in the apparel, healthcare, medical, and automotive sectors. This expansion comes as Interlink's stock has shown remarkable momentum, with InvestingPro data revealing a 49.39% price return over the past six months. Their patented technologies have been instrumental in developing functional e-textiles, including heaters for clothing and personal protective equipment, as well as electrodes for stroke rehabilitation. The acquisition also encompasses upcoming sensor technologies for pressure, temperature, humidity, and moisture applications, which have potential uses in hospital beds, diapers, and femtech products.
The acquired companies have demonstrated success with their award-winning technologies and manage all stages of development, from prototyping to production, in a modern 11,000 square foot facility near Sheffield, UK. Paul Brook, co-founder of CT and GPS, expressed enthusiasm about joining Interlink, citing the opportunity for global expansion.
Steven Bronson, CEO of Interlink Electronics, emphasized that the addition of CT and GPS aligns with Interlink's strategic direction to enhance its sensor and printed electronics offerings. He also highlighted the high-growth potential of the wearables and smart textiles market. While the company's gross profit margin stands at 41.82%, InvestingPro subscribers have access to over 10 additional exclusive insights about Interlink's financial health and growth prospects.
Interlink Electronics has nearly four decades of experience delivering critical technologies across various industries, including industrial, medical, consumer, and automotive. The company prides itself on its expertise in materials science, manufacturing, embedded electronics, firmware, and software, enabling the creation of customized solutions.
This acquisition is based on a press release statement and includes forward-looking statements, which are subject to uncertainties and factors that could cause actual results to differ from those projected. The integration of the acquired businesses, market acceptance of new products, and other risks are outlined in the company's public filings with the Securities and Exchange Commission.
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