Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 220

Sono-Tek Announces Results of 2018 Annual Meeting of Shareholders

Posted by fidest press agency su martedì, 28 agosto 2018

Sono-Tek Corporation (OTCQX:SOTK), the leading developer and manufacturer of ultrasonic coating systems, announced that shareholders voted in favor of the two proposals presented at the Company’s Annual Meeting of Shareholders held today:
The re-election of Eric Haskell, CPA, Dr. Donald Mowbray, and Samuel Schwartz, each to hold office for a two-year term.
The ratification of Liggett & Webb, P.A., as the Company’s auditors for fiscal year 2019 which ends February 28, 2019.
At the meeting, Company management provided an overview of Sono-Tek and the opportunities presented by market for its technology and application know-how, particularly highlighting the potential in the fuel cell market. Sono-Tek’s ultrasonic coating solution provides a more uniform and porous coating of the platinum catalyst for fuel cells that enables greater power efficiency, reduces waste of expensive materials and provides production level efficiencies for the fuel cell industry as it gains momentum. The business review presentation is available on the Company’s website at http://www.sono-tek.com/about-us/investors/events-presentations.
Stephen Harshbarger, President and Director of the Company noted, “These are very exciting times for the Company. We are broadening our addressable market by demonstrating advanced application expertise with the goal of making our customers successful.” He concluded, “Lab activity and proposals are at record levels and our conversion rate to sales is a very high percentage. Importantly, our implementation of lean practices and the automation and digitization of our production processes has measurably improved our ability to generate cash. We are very excited at Sono-Tek about the opportunities in front of us and the potential we have to measurably grow.”

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