Scientific Technologies Incorporated Sets Record Date for Voting on Proposed Transaction
25 8월 2006 - 9:42AM
Business Wire
Scientific Technologies Incorporated ("STI" or the "Company")
(NASDAQ:STIZ) announced today that it had set the close of business
on August 24, 2006, as the record date for determining the STI
shareholders entitled to receive notice of, and to vote at, the
special meeting of STI shareholders to approve and adopt the merger
agreement and approve the merger related to the acquisition of
STI's Safety Products Group ("SPG") by Omron Corporation ("Omron").
The date for the special meeting is expected to be September 18,
2006. STI and Omron expect to close the transaction as soon as
practicable following the special meeting. About Omron Corporation
Omron Corporation, headquartered in Kyoto, Japan, is a global
leader in the field of automation with approximately $6 billion in
annual revenues. Established in 1933 and headed by President and
CEO Hisao Sakuta, Omron has more than 26,000 employees in 35
countries working to provide products and services to customers in
a variety of fields including industrial automation, electronic
components, social systems (ticket gate machines, ticket vending
machines and traffic control) and healthcare. Further information
on Omron is located at www.omron.com. About Scientific Technologies
Inc. Scientific Technologies Inc. ("STI") is a North American
leading provider of automation safeguarding products and services
through its Safety Product Group ("SPG"). STI's Optical Sensor
Division ("OSD"), part of the SPG, provides safety products that
are used to protect workers around machinery, automated equipment
and industrial robots. STI's products serve a wide variety of
applications and markets, including semiconductor, automotive,
electronics manufacturing, packaging and consumer markets. OSD also
manufactures sensors used in factory automation and vehicle
separating systems. STI's Machine Services Division ("MSD"), also
part of the SPG, provides safety services such as safeguarding
equipment installations, machine safety assessments, and the design
and custom fabrication of guarding solutions. MSD specializes in
machinery services including the repair, relocation, installation
and service of fabrication machinery. MSD serves customers in a
variety of industries, including metal fabrication, aerospace,
electronics, building materials, automotive and food processing.
Further information on SPG is located at www.sti.com and
www.stiscanners.com. STI's Automation Products Group ("APG") serves
the factory automation, semiconductor, transportation, oil and gas,
consumer and food processing industries with a diversified offering
of sensing technologies. Products include level, flow, pressure
sensing, positioning transducers, and ultrasonic sensors and
controls. Further information is available at APG's web site
located at www.automationsensors.com. STI is controlled by a parent
company, Scientific Technology Incorporated, that owns
approximately 86% of its common stock. Scientific Technology
Incorporated is controlled by members of the Lazzara family.
Additional Information and Where to Find It Scientific Technologies
Incorporated (the "Company") intends to file a definitive proxy
statement in connection with the transactions proposed in the
Merger Agreement, including the Merger. A copy of the definitive
proxy statement will be mailed to the shareholders of the Company.
The Company's Shareholders are urged to read the definitive proxy
statement and other relevant materials when they become available
because they will contain important information about the proposed
transactions. Investors and security holders may obtain free copies
of these documents (when they are available) and other documents
filed with the Securities and Exchange Commission (the "SEC") at
the SEC's web site at www.sec.gov. In addition, investors and
security holders may obtain free copies of the documents filed with
the SEC by the Company by going to the Company's Investor Relations
page on its corporate website at www.sti.com/financial/index.htm,
by contacting the Company in writing at 6550 Dumbarton Circle,
Fremont, California 94555 or by calling the Company at
510-608-3400. In addition to the proxy statement, the Company files
annual, quarterly and current reports, proxy statements and other
information with the SEC. Copies of any such reports, statements or
other information filed by the Company are available at the SEC
public reference rooms. Please call the SEC at 800-SEC-0330 for
further information on the public reference rooms. The Company's
SEC filings are also available to the public from commercial
document-retrieval services and at the website maintained by the
SEC at http://www.sec.gov. In addition, the Company and its
officers and directors may be deemed to be participants in the
solicitation of proxies from the Company's shareholders with
respect to the proposed transactions. A description of any
interests that the Company's officers and directors have in the
acquisition will be available in the definitive proxy statement.
Information concerning the Company's directors and executive
officers is set forth in the Company's Annual Report on Form 10-K/A
filed with the SEC on May 1, 2006. Cautionary Statement About
Forward-Looking Statements Statements in this news release that are
not historical facts are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements include, but are not limited to,
statements regarding the date of the special meeting and expected
timing of the closing. Readers are cautioned that these forward
looking statements involve certain risks and uncertainties. These
risks and uncertainties, which could cause STI's results to differ
materially from the forward looking statements include: economic
and political conditions in domestic and international markets;
declining market demand for industrial safety and security products
generally; introduction or increased demand for alternative
products; potential errors, defects, design flaws or other problems
with STI's products; changes in regulations regarding industrial
safety and security products; and other risks detailed from time to
time in STI's Security and Exchange Commission filings and reports,
including STI's annual report filed on Form 10-K and quarterly
reports filed on Form 10-Q. STI disclaims any obligation to update
any information contained in any forward looking statement.
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