Schmitt Industries Inc. (SMIT)

Overview

Schmitt Industries, Inc., incorporated in 1984 and based in Portland, Oregon, operates globally, offering a diverse range of products through its subsidiary companies. The company is structured into two main segments: Measurement and Ice Cream. The Measurement segment is dedicated to designing, manufacturing, and selling advanced test and measurement products, including laser and confocal chromatic white light sensors for a variety of industrial applications. On the other hand, the Ice Cream segment, operating under the Ample Hills Creamery brand, focuses on the manufacture, wholesale, and retail of ice creams, ice cream cakes, and related products, alongside hosting community-building events and offering catering services for various events.

Products and Services

The diverse range of offerings from Schmitt Industries, Inc. is categorized into the Measurement segment and the Ice Cream segment, detailed as follows:

• Laser and Confocal Chromatic White Light Sensors: Marketed under the Acuity brand, these sensors are designed for distance measurement and dimensional sizing, catering to industries such as manufacturing, lumber production, steel casting, glass, paper production, and medical imaging. They are integral for applications requiring micron-level part and surface inspection.
• AR2700 High Speed Long Range Sensor: This sensor is specifically designed for applications requiring precise measurements over long distances, such as bridge crane monitoring, trolley positioning, and altitude measurements. It features high-speed capabilities and long-range effectiveness.
• 8-inch Touch Panel Display: This display unit comes equipped with a full suite of connection ports, designed to complement various sensor products by providing an interactive interface for data visualization and management.
• Xact Satellite Focused Remote Tank Monitoring: Under the Xact brand name, these products offer remote monitoring capabilities for tanks holding liquids like propane and diesel. The system measures fill levels and transmits this data via satellite to a secure website, enabling efficient and remote tank management.
• Ice Cream Products and Services: Operating under the Ample Hills Creamery brand, the segment offers a variety of ice creams, ice cream cakes, and related products for sale both online and in-store. Additionally, it caters ice cream at various events and hosts community-building activities such as ice cream classes, live comedy, and music performances, creating a unique brand experience.