Interlink Electronics Provides New Product and Technology Update

Rhea-AI Summary

Interlink Electronics (NASDAQ: LINK) announces significant advancements in its technology applications. Key updates include the successful integration of FSR technology in automotive solutions, collaboration on a second-generation sensor for medical equipment, and the development of sensors for an infusion medical device. Notably, the company secured over $400,000 in mass production orders for VR hardware, with shipments expected soon. CEO Steven N. Bronson stated that these milestones underscore the firm's growth momentum and indicated plans for launching a new Piezoelectric sensor line in Q4 2022.

Positive

• Successful integration of FSR technology brings new applications and revenue.
• Collaboration with a major medical equipment manufacturer enhances product offerings.
• Over $400,000 mass production order for VR hardware expected to boost revenue.

Negative

• None.

IRVINE, Calif., July 6, 2022 /PRNewswire/ -- Interlink Electronics, Inc. (NASDAQ: LINK), a full-service technology partner and global leader in printed electronics and sensor technologies, is pleased to announce the following updates on several key technology deployments and successes that Interlink has delivered:

• Successful integration of its FSR technology in a new application by a Tier One Automotive Supplier for a major OEM. First production shipped in 1^st half of 2022.
  
  
• Collaboration on a second generation sensor with a major medical equipment manufacturer who has already integrated Interlink sensors in their robotic-assisted surgery platform solution. This enhanced solution is expected to ship in 2023.
  
  
• Successful development of a sensor solution as part an infusion medical device system used to deliver fluids into a patient's body in a controlled manner. First production parts are expected to ship in the current quarter.
  
  
• Interlink continues to work with customers at the leading edge of technology, having recently received an initial mass production order for over $400,000 of products from a leading supplier of VR hardware, which is scheduled to ship over the next 120 days.
  
  
• Interlink's ability to work closely with customers has allowed it to successfully develop and integrate sensors into a new Smart Mattress Application with first production parts expected to ship in the current quarter.

"We believe these successes reinforce the momentum from our previous and current investments in both our team and our product/technology capabilities," stated Steven N. Bronson, CEO of Intelink Electronics, Inc. "We also look forward to broadening our sensor technology portfolio with the launch of our Piezoelectric sensor line in the 4^th quarter of 2022," Mr. Bronson added.

About Interlink Electronics, Inc.

Interlink Electronics is a full-service technology partner and leading provider of sensing and human-machine interface (HMI) solutions. Since introducing the Force Sensing Resistor (FSR®) to market 37 years ago, Interlink has maintained a track record of innovation and manufacturing excellence supported by its vertically-integrated, in-house capabilities. Interlink has made significant investments in R&D and product development, demonstrating its commitment to diversifying its product line, expanding into new markets, and growing its global partner channels. Focused on expanding as a diversified high-growth technology and industrial leader, Interlink is pursuing acquisitions within the following four sectors: Sensors, Test & Measurement, Engineering Services, and Specialty Components/Solutions Manufacturers. For more information, please visit InterlinkElectronics.com.

Forward Looking Statements

This release contains forward-looking statements. Forward-looking statements include, but are not limited to, the timing of product shipments and are generally identified by phrases such as "thinks," "anticipates," "believes," "estimates," "expects," "intends," "plans," and similar words. 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, the timing of orders for company products, 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

FAQ

What recent technology updates has Interlink Electronics (LINK) announced?

Interlink Electronics announced successful integrations of its FSR technology in automotive applications, collaborations on medical sensors, and secured mass production orders for VR hardware.

When does Interlink Electronics expect to ship its new sensor products?

Interlink Electronics expects to ship its new sensor products in the current quarter and has a scheduled shipment for VR hardware over the next 120 days.

What is the significance of the $400,000 order received by Interlink Electronics (LINK)?

The $400,000 mass production order from a VR hardware supplier is a substantial milestone that enhances Interlink's revenue prospects and market presence.

What new products is Interlink Electronics planning to launch in 2022?

Interlink Electronics plans to launch a new Piezoelectric sensor line in the 4th quarter of 2022, expanding its product portfolio.