Motion Technologies Inc. (Nasdaq:AMOT), a designer and manufacturer
that sells precision motion control products and solutions to the global
market, announced that its Board of Directors, at its meeting today,
approved a quarterly cash dividend payment of $0.03 per share. The
dividend will be payable on August 29, 2018 to stockholders of record as
of the close of business on August 16, 2018. Allied Motion has
approximately 9.5 million shares of its common stock outstanding.
About Allied Motion Technologies Inc.
Allied Motion (Nasdaq:AMOT) designs, manufactures and sells precision
and specialty motion control components and systems used in a broad
range of industries within our major served markets, which include
Vehicle, Medical, Aerospace & Defense, and Industrial/Electronics. The
Company is headquartered in Amherst, NY, has global operations and sells
into markets across the United States, Canada, South America, Europe and
Allied Motion is focused on motion control applications and is known
worldwide for its expertise in electro-magnetic, mechanical and
electronic motion technology. Its products include brush and brushless
DC motors, brushless servo and torque motors, coreless DC motors,
integrated brushless motor-drives, gear motors, gearing, modular digital
servo drives, motion controllers, incremental and absolute optical
encoders, and other associated motion control-related products.
The Company’s growth strategy is focused on becoming the motion solution
leader in its selected target markets by leveraging its “technology/know
how” to develop integrated precision motion solutions that utilize
multiple Allied Motion technologies to “change the game” and create
higher value solutions for its customers. The Company routinely posts
news and other important information on its website at http://www.alliedmotion.com/.
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