Schmitt Industries Inc: Company Description
Schmitt Industries Inc2765 N.W. Nicolai Street
Portland, OR 97210Phone: +1503.2277908
Schmitt Industries, Inc. designs, assembles and markets computer-controlled balancing equipment (the Balancer Segment) primarily to the machine tool industry. Through its wholly owned subsidiary, Schmitt Measurement Systems, Inc. (SMS), the Company designs, manufactures and markets precision laser measurement systems (the Measurement Segment). Schmitt Industries, Inc. also sells and markets its products in Europe through its wholly owned subsidiary, Schmitt Europe Ltd. (SEL), located in the United Kingdom. During the fiscal year ended May 31, 2006 (fiscal 2006), net sales of balancing products accounted for 68% of the Company's total sales. During fiscal 2006, net sales of Measurement products accounted for 32% of its total sales. Effective May 30, 2005, the Company liquidated and dissolved its German subsidiary, Schmitt Europa, GmbH.
The Company's principal product is the Schmitt Dynamic Balance System (the SBS System), consisting of a computer control unit, sensor, spindle-mounting adapter and balance head. The SBS System is fully automated, eliminating the need to pre-balance such devices as grinding wheels. Within its customer base for the SBS System, there are three market segments: machine tool builders, machine tool rebuilders and grinding machine users. Machine tool builders design and manufacture a variety of cylindrical, surface and specialty application grinding machines. SBS Systems are distributed to a variety of world markets through original equipment manufacturer (OEM) accounts, where a special pricing (20% discount) is offered to the machine builder incorporating the SBS System into its machine. Machine tool rebuilders are customers, found in most, if not all, industrialized nations, develop their business by offering to update and refurbish older grinding machines. These rebuilders tear the old machine apart and install new components, such as the SBS System. The Company sells its products directly to machine rebuilders in the United States and Western Europe. Grinding machine 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 customers, including Black & Decker, Briggs and Stratton, Caterpillar Inc., Daewoo International Corp., Eaton Corporation, Emerson Power Transmission, Ford Motor Company, General Electric Corp., General Motors, Getrag Automotive, Ingersoll Rand, Komatsu, Lawrence Berkeley, Sumitomo Heavy Industries, NSK Bearing, NTN Bearing, Oakridge National Lab, Purdue University, SKF Bearing Industries, Texas Instruments, The Timken Company, TRW Automotive Components and Universal Bearing.
Schmitt Industries, Inc. manufactures and markets a line of laser-based, precision measurement systems and operates a precision laser light scatter measurement laboratory. Light scatter technology involves using lasers, optics and detectors to direct a beam of light on a material sample and record its reflection/transmission. The principal products are laser-based measurement products and technology applicable to both industrial and military markets. There are four product lines: laser-based, light-scatter measurement; dimensional sizing; research and other laser alignment products, and a light-scatter measurement laboratory.
Laser-based, light-scatter measurement products are sold to manufacturers of disk drives and silicon wafers, both industries with fabrication processes that require precise and reliable measurements. The Company's technology simultaneously measures disk surface roughness in two directions, radially, when the read/write head is moving to another disk sector, and circumferentially, when the read/write head is processing information on the disk. The two separate roughness levels are required for proper head operation. It offers two products to the silicon wafer industry: the TMS-2000W-RC and TMS-3000W-RC. Both products provide accurate, repeatable measurements for manufacturers of silicon wafers, computer chips and memory devices.
Dimensional sizing products are used in a range of industrial applications, including steel casting, paper production, medical imaging, crane control and micron-level part and surface inspection. There are four AccuRange (AR) product lines: the AR4000 distance measurement sensor, the AR4000 Line Scanner, and the AR600 and AR200 series of triangulating laser displacement sensors. The AR4000 optical distance measurement sensor operates by emitting a collimated laser beam that is reflected from the target surface and collected by a sensor. The AR4000 Line Scanner is used with the AR4000 to scan and collect distance data over a full circle. The scanner consists of a balanced, rotating mirror and motor with position encoder and mounting hardware for use with the AR4000. The AR600 series is a family of triangulating laser displacement sensors with accuracy and sensitivity. The sensor projects a beam of visible laser light that creates a spot on the target surface. The AR200 sensors project a beam of visible laser light that creates a spot on the target surface.