During the corresponding time, Schmitt Industries Inc saw a revenue deteriorated by -50.23 % year on year, sequentially revenue fell by -28.44 %. While revenue at the Schmitt Industries Inc 's corporate clients
Schmitt Industries Inc's Comment on Sales, Marketing and Customers
Within the Company’s customer base for the SBS system, there are three
major market segments:
Machine Tool Builders – These companies design and manufacture a variety
of specialty application grinding machines. SBS systems are distributed to markets
throughout the world through machine tool original equipment manufacturers (OEMs),
who incorporate the SBS system into their products.
Examples of some well-known worldwide machine tool builders who have offered
and/or installed the SBS System include Shanghai Machine Tool Works (China),
ANCA (Australia), Capco Machinery (U.S.), Drake Manufacturing (U.S.), Ecotech/SMTW
(China/U.S.), Erwin Junker (U.S.), Matrix Machine Tool (U.K.), Schleifring Group
(Germany, China), Shaanxi Qinchuan Machinery Development Co. (China), Cinetic
Landis Grinding (U.S.), Koyo Machinery (U.S./Japan), Micron Machinery Limited
(Japan/U.S.), USACH Technologies (U.S.), Tschudin (U.S.) and Weldon Solutions
(U.S.). The Company currently sells its products directly to major machine builders
throughout the world.
Machine Tool Rebuilders – These customers, found in most, if not all,
industrialized nations, develop their business by offering to completely update
and refurbish older grinding machines. These rebuilders typically tear the old
machine apart and install new components, such as the SBS system. The Company
currently sells its products directly to major machine rebuilders throughout
the world.
Grinding Machine Users – These end users become aware of the SBS system
through trade shows, trade magazine advertising, distributors, field representatives,
referrals and new machine suppliers. The Company’s business is conducted
worldwide with some better known customers including: Black & Decker, Briggs
and Stratton, Schaeffler, Caterpillar, Eaton, Emerson Power Transmission, Cummins
Engine, Ford Motor Company, General Electric, General Motors, Ingersoll Rand,
Komatsu, Sumitomo Heavy Industries, SKF Bearing Industries, Timken, TRW Automotive
Components and Universal Bearing.
The Company offers two products devoted to the semiconductor wafer industry:
the TMS2000W-RC and TMS3000W-RC. Both products provide fast, accurate, repeatable
measurements for manufacturers of silicon wafers, device quality semiconductors
and memory devices. This industry demands manufacturing precision to increase
performance and capacity and these products help achieve those goals. Silicon
wafers are carefully cut and polished to provide the base upon which a computer
or memory chip is produced. Therefore, chip manufacturing is extremely dependent
on the beginning surface roughness of the wafer. Since all silicon wafers exhibit
a microscopic level of surface roughness stemming from production techniques
such as chemical deposition, grinding, polishing and etching, some method of
measuring surface roughness is required. The Company’s wafer measurement
products provide a way for customers to quantify and control their manufacturing
process. The system provides measurements to less than 0.5 Å.
The new AQ6 laser line sensor offers higher speed and higher resolution, with
models from 0.3 megapixels to over 12 megapixels. The AQ6 uses the latest in
new high density CMOS camera design with new Gigabit Ethernet communications
and the newly released GeniCam high speed vision protocols. This allows the
customer to increase the resolution on the target and reduce the amount of sensors
needed for larger parts. The new outputs also will allow for a faster and less
expensive integration of the sensor into the customer’s application. Applications
include pipe and tube manufacturers, large laser line applications for flaw
detection and high accuracy scans of difficult targets. The AQ6 also lends itself
to custom OEM applications with laser lines of over 80 inches in length. Currently
there are nine AQ6 models available.
Customers of the Xact Tank Monitoring System include large, regional and local
propane distributors, such as Superior Propane (Canada), Suburban Propane (U.S.),
AmeriGas (U.S.), Pacific Propane (U.S.) and TermoGas (Mexico). The Company is
focusing its business development efforts on the propane industry in the United
States, Canada, Mexico, Central and South America.
Schmitt Industries Inc’s Comment on Sales, Marketing and Customers
Within the Company’s customer base for the SBS system, there are three
major market segments:
Machine Tool Builders – These companies design and manufacture a variety
of specialty application grinding machines. SBS systems are distributed to markets
throughout the world through machine tool original equipment manufacturers (OEMs),
who incorporate the SBS system into their products.
Examples of some well-known worldwide machine tool builders who have offered
and/or installed the SBS System include Shanghai Machine Tool Works (China),
ANCA (Australia), Capco Machinery (U.S.), Drake Manufacturing (U.S.), Ecotech/SMTW
(China/U.S.), Erwin Junker (U.S.), Matrix Machine Tool (U.K.), Schleifring Group
(Germany, China), Shaanxi Qinchuan Machinery Development Co. (China), Cinetic
Landis Grinding (U.S.), Koyo Machinery (U.S./Japan), Micron Machinery Limited
(Japan/U.S.), USACH Technologies (U.S.), Tschudin (U.S.) and Weldon Solutions
(U.S.). The Company currently sells its products directly to major machine builders
throughout the world.
Machine Tool Rebuilders – These customers, found in most, if not all,
industrialized nations, develop their business by offering to completely update
and refurbish older grinding machines. These rebuilders typically tear the old
machine apart and install new components, such as the SBS system. The Company
currently sells its products directly to major machine rebuilders throughout
the world.
Grinding Machine Users – These end users become aware of the SBS system
through trade shows, trade magazine advertising, distributors, field representatives,
referrals and new machine suppliers. The Company’s business is conducted
worldwide with some better known customers including: Black & Decker, Briggs
and Stratton, Schaeffler, Caterpillar, Eaton, Emerson Power Transmission, Cummins
Engine, Ford Motor Company, General Electric, General Motors, Ingersoll Rand,
Komatsu, Sumitomo Heavy Industries, SKF Bearing Industries, Timken, TRW Automotive
Components and Universal Bearing.
The Company offers two products devoted to the semiconductor wafer industry:
the TMS2000W-RC and TMS3000W-RC. Both products provide fast, accurate, repeatable
measurements for manufacturers of silicon wafers, device quality semiconductors
and memory devices. This industry demands manufacturing precision to increase
performance and capacity and these products help achieve those goals. Silicon
wafers are carefully cut and polished to provide the base upon which a computer
or memory chip is produced. Therefore, chip manufacturing is extremely dependent
on the beginning surface roughness of the wafer. Since all silicon wafers exhibit
a microscopic level of surface roughness stemming from production techniques
such as chemical deposition, grinding, polishing and etching, some method of
measuring surface roughness is required. The Company’s wafer measurement
products provide a way for customers to quantify and control their manufacturing
process. The system provides measurements to less than 0.5 Å.
The new AQ6 laser line sensor offers higher speed and higher resolution, with
models from 0.3 megapixels to over 12 megapixels. The AQ6 uses the latest in
new high density CMOS camera design with new Gigabit Ethernet communications
and the newly released GeniCam high speed vision protocols. This allows the
customer to increase the resolution on the target and reduce the amount of sensors
needed for larger parts. The new outputs also will allow for a faster and less
expensive integration of the sensor into the customer’s application. Applications
include pipe and tube manufacturers, large laser line applications for flaw
detection and high accuracy scans of difficult targets. The AQ6 also lends itself
to custom OEM applications with laser lines of over 80 inches in length. Currently
there are nine AQ6 models available.
Customers of the Xact Tank Monitoring System include large, regional and local
propane distributors, such as Superior Propane (Canada), Suburban Propane (U.S.),
AmeriGas (U.S.), Pacific Propane (U.S.) and TermoGas (Mexico). The Company is
focusing its business development efforts on the propane industry in the United
States, Canada, Mexico, Central and South America.
Sources:
Schmitt Industries Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Schmitt Industries Inc’s corporate clients.
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