Schmitt Industries Inc. designs, manufactures, and markets precise test and measurement products in two business segments: the balancer segment, which includes computer controlled balancing and process monitoring equipment that the company sells to the machine tool industry; and the measurement segment, which includes precision laser-based measurement systems for surface roughness and dimensional and distance measurement application, and ultrasonic measurement products for remote monitoring of chemical storage tanks. Schmitt sells and markets its products in Europe through its wholly owned subsidiary, Schmitt Europe Ltd. located in the United Kingdom. For more information, visit www.schmittind.com.