Allied Motion Announces Robert P. Maida’s Retirement

AMHERST, N.Y.--(BUSINESS WIRE)-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that Robert P. Maida, Senior Vice President and Group President, will retire September 30, 2023 after more than 10 years with the Company. Upon his retirement, Mr. Maida will serve in an advisory role to the CEO.

Dick Warzala, Chairman and CEO, commented, “For more than a decade, Rob has been a great partner to me and has played an instrumental role in helping shape and build Allied into the global, controlled motion solution provider we are today. Rob has held various key leadership positions and roles within Allied and perhaps most significantly, has always been recognized as a team player by all within the company. On behalf of the entire Allied Motion family, we thank Rob for his dedication, insight and leadership, and I am pleased that he has agreed to serve in an advisory role in the future, as we continue to drive growth and margin expansion throughout the company.”

Mr. Maida joined Allied Motion in 2012 and has served in senior executive roles including Chief Financial Officer and Vice President of Operational Excellence, where he led and promoted Allied Motion’s culture of continuous improvement through the implementation of Allied Systematic Tools (AST) on a world-wide basis and in all areas of the Company’s business. He was named Group President in 2020 to lead a re-aligned business unit and group structure to improve operating efficiencies and expand growth opportunities in North America.

With Mr. Maida’s departure, the Company is reorganizing its executive leadership team structure to more closely align its operations with customers in its selected and highly focused target markets.

About Allied Motion Technologies Inc.

Allied Motion (Nasdaq: AMOT) designs, manufactures and sells precision and specialty-controlled motion products and solutions that are used in a broad range of applications within the Industrial, Vehicle, Medical, and Aerospace & Defense Markets. Headquartered in Amherst, NY, the Company has global operations and sells into markets across the United States, Canada, South America, Europe and Asia-Pacific.

Allied Motion is focused on controlled motion applications and is known worldwide for its expertise in electro-magnetic, mechanical, and electronic controlled motion technologies. Its products include nano precision positioning systems, servo control systems, motion controllers, digital servo amplifiers and drives, brushless servo, torque, and coreless motors, brush motors, integrated motor-drives, gear motors, gearing, incremental and absolute optical encoders, active (electronic) and passive (magnetic) filters for power quality and harmonic issues, Industrial safety rated I/O Modules, Universal Industrial Communications Gateways, light-weighting technologies, and other controlled motion-related products.

The Company’s growth strategy is to continue to capture greater market share as a leading global controlled motion solution provider in its selected target markets by further developing its products and services platform to utilize multiple Allied Motion technologies which create higher value, comprehensive solutions for its customers. The Company routinely posts news and other important information on its website at www.alliedmotion.com.

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Investor:

Deborah K. Pawlowski / Craig P. Mychajluk

Kei Advisors LLC

716-843-3908 / 716-843-3832

dpawlowski@keiadvisors.com / cmychajluk@keiadvisors.com

Source: Allied Motion Technologies Inc.