Precisive is an innovative developer of optical analyzers based on Tunable Filter Spectroscopy (TFS) which provide real-time gas analysis in the natural gas and hydrocarbon processing industries, including refineries, hydrocarbon processing plants, gas-to-power machines, biogas processes and fuel gas transportation and metering, while delivering customers a substantially lower total cost of ownership. The Precisive TFS sensor platform has been on the market since 2008 with more than 2500 systems deployed.
"This acquisition is another step in executing our growth strategy," commented
Dr. Vidi Saptari, founder of Precisive, said, "We are excited to be joining a well-established, global technology leader and helping to advance MKS' efforts to grow into the natural gas and process industries. Since 2007, we have worked closely with leaders in the industry to develop a product that lowers cost of instrumentation and truly meets - and exceeds - their analytical and harsh operational requirements. We believe our customers and channel partners will be enthusiastic about the additional resources and infrastructure we will have access to as a part of MKS."
This release contains projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act regarding MKS' future growth and the future financial performance of MKS. These projections or statements are only predictions. Actual events or results may differ materially from those in the projections or other forward-looking statements set forth herein. Among the important factors that could cause actual events to differ materially from those in the projections or other forward-looking statements are the fluctuations in capital spending in the semiconductor industry, and other advanced manufacturing markets, fluctuations in net sales to MKS' major customers, potential fluctuations in quarterly results, the challenges, risks and costs involved with integrating
the operations of MKS and any acquired companies, dependence on new product development, rapid technological and market change, acquisition strategy, manufacturing and sourcing risks, volatility of stock price, international operations, financial risk management, and future growth subject to risks. Readers are referred to MKS' filings with the
Seth H. BagshawVice President, Chief Financial Officer and Treasurer Telephone: 978.645.5578
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