In addition to their core business, ELSE also owns 1.5M shares of August Technology(AUGT) which is currently trading around $15.00.
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Wednesday June 14, 4:15 pm Eastern Time
Company Press Release
Electro-Sensors, Inc. Announces IPO of Investment
MINNETONKA, Minn.--(BUSINESS WIRE)--June 14, 2000--Electro-Sensors, Inc. (Nasdaq:ELSE - news) announced today that
August Technology, Inc., a Company in which Electro-Sensors has provided seed capital, successfully completed its Initial Public
Offering. Electro-Sensors holds 1,500,000 shares of August Technology. A significant portion of those shares are subject to various trading restrictions.
Electro-Sensors, Inc. is engaged in three business lines: (i) the manufacture and distribution of industrial electronic monitoring and process control systems through its
Controls Division, (ii) the manufacture and distribution of small gas torches and related accessories through its Microflame subsidiary, and (iii) the development and
distribution of PC-based software for both automated survey processing and hand printed character recognition through its AutoData Systems division.
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Tom B. |
