| Market Capitalization (Millions $) |
87 |
| Shares
Outstanding (Millions) |
6 |
| Employees |
546 |
| Revenues (TTM) (Millions $) |
144 |
| Net Income (TTM) (Millions $) |
2 |
| Cash Flow (TTM) (Millions $) |
-2 |
| Capital Exp. (TTM) (Millions $) |
3 |
Business Description
Key Technology Inc is an American company that designs, manufactures, sells, and services process automation systems for the food processing and other industrial markets worldwide. The company is headquartered in Walla Walla, Washington, and has operations in Beusichem, Netherlands, Hasselt, Belgium, and Redmond, Oregon. Key Technology was founded in 1948 and has been publicly traded on NASDAQ since 1983.
Key Technology specializes in developing digital sorting, conveying, and processing systems that enhance the efficiency, yield, and safety of food processing operations. Its customers range from small-scale food processors to large multinational corporations, including manufacturers of fresh and processed fruits and vegetables, nuts, snacks, meat, poultry, seafood, and non-food products.
Key Technology offers a range of products for different applications, including optical sorters, vibratory conveyors, belt conveyors, shakers, sizing, grading, and inspection systems, as well as software and analytics to improve process control and quality assurance. Some of Key Technology's notable products include the VERYX digital sorter, the VIBRA-FLOW vibratory conveyor, and the Iso-Flo sanitary conveyor.
Key Technology has a global network of sales, service, and support teams that provide customers with comprehensive technical assistance, training, and aftermarket services. The company's customer-centric approach, innovative solutions, and operational excellence have earned it numerous awards and accolades.
In 2018, Key Technology was acquired by Duravant, a global engineered equipment and automation solutions provider for the food, packaging, and other industries. The acquisition has strengthened Key Technology's market position and enabled it to expand its product offerings and expertise in the food processing sector.
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