Key Technology Announces Significant Order from Leading Agricultural Company
Contract Valued at Approximately $5 Million
WALLA WALLA, Wash. - Key Technology, Inc. (Nasdaq: KTEC), a worldwide leader and full-solutions provider in the design and manufacture of process automation systems, today announced it has entered into an agreement valued at approximately $5 million to supply optical sorting solutions to a Fortune 500 provider of agricultural products. Shipments of the new order are expected to begin in January and conclude by the end of March.
Jack Ehren, President and Chief Executive Officer commented, "This order is a result of the successful installation and operation of our systems in multiple plants with this same customer during the past season, totaling approximately $4 million. We are gratified that we have the opportunity to partner with this customer again in achieving their goal to provide quality agricultural products."
Key Technology's Veo(TM) Optical Sorters, equipped with advanced cameras and image processing, are used to inspect and sort ears of seed corn. The Veo can be viewed sorting seed corn by visiting the following link: http://youtu.be/jyHsKryNYFM.
About Key Technology
Key Technology, Inc., headquartered in Walla Walla, Washington, is a worldwide leader in the design and manufacture of process automation systems for the food processing, industrial and pharmaceutical markets. The Company's products integrate electro-optical inspection and sorting, specialized conveying and product preparation equipment, which allow processors to improve quality, increase yield and reduce cost. Key has manufacturing facilities in Washington, Oregon, and the Netherlands, and worldwide sales and service coverage.
Contact:
Jack Ehren
President and Chief Executive Officer
Key Technology, Inc.
509-529-2161
