EX-99.1
2
v074073_ex99-1.htm
Exhibit
99.1
PRESS
RELEASE
For
Immediate Release
LumaSense
Technologies Closes Acquisition of Mikron Infrared
Acquisition
strengthens LumaSense's presence in clean technology, energy and medical sectors
Santa
Clara, CA - May 7, 2007
-
LumaSense Technologies, Inc., a leading provider of sensing solutions, today
announced it has closed the acquisition of Mikron Infrared (NASDAQ: MIKR),
a
leader in the field of infrared non-contact temperature measurement and thermal
imaging since 1969.
"We
are
excited to have closed the acquisition successfully", said Vivek Joshi, CEO
of
LumaSense Technologies. "This acquisition significantly expands LumaSense's
solutions portfolio as we grow our business in the clean technology, energy
and
medical markets. The addition of Mikron further enables LumaSense to address
an
industry that is demanding better quality solutions, comprehensive global
service and support and the highest levels of price for
performance".
Mikron
represents the fourth acquisition LumaSense has made since 2005. LumaSense's
strategy is to acquire leading companies with innovative technology and products
and gain significant opportunities for synergies in research & development,
manufacturing, and marketing & sales to realize scale and global reach for
its customers. The company provides solutions and services in fiber optic and
non-contact temperature measurement, thermal imaging, infrared temperature
calibration services, gas analysis and emissions monitoring to thousands of
customers around the world.
"Mikron's
acquisition by LumaSense provides a unique opportunity to be part of a broader-
based sensor technology focused organization", said Gerry Posner, President and
CEO of Mikron. "The similarities of our distribution channels, coupled with the
complementary nature of our product portfolios will be a great asset as we
grow
our business".
Houlihan
Lokey Howard & Zukin acted as Mikron's financial advisor and Arent Fox LLP
acted as legal advisor to Mikron. Jones Day acted as LumaSense
Technologies' legal advisor and Comerica provided debt financing to
LumaSense.
About
LumaSense Technologies, Inc.
LumaSense
Technologies is a global leader in providing quality sensor instrumentation
to
the clean technology, medical and energy markets. LumaSense is an operating
company with a strategy to acquire other leading sensor instrumentation
companies serving similar customers with complementary technologies and
products. LumaSense's acquisitions are industry pioneers with hundreds of global
customers: Luxtron Corporation - fiber optic temperature measurement sensors;
Innova AirTech Instruments - trace gas monitoring and analysis; Andros -
non-dispersive and dispersive infrared gas analysis; Mikron Infrared -
non-contact temperature measurement, thermal imaging systems and blackbody
calibration instruments. LumaSense is backed by Oak Investment Partners, a
leading multi-stage venture capital firm with a 28 year history and DFJ Element,
a leading venture capital investor in clean technology.
About
Mikron
Mikron
Infrared, Inc. (NASDAQ: MIKR) has been an innovative leader in the field of
infrared non-contact temperature measurement since 1969. The company is an
innovative provider of infrared non-contact temperature solutions for
applications in the steel, glass, petroleum, chemistry, food and beverage,
glass, medical, power, semiconductor and security industries. Mikron also offers
experience in many different thermal applications, specialized software, and
custom camera configurations.
For
More Information Contact:
LumaSense
Technologies
Mark
Reis
408-235-3898
m.reis@lumasenseinc.com
Mikron
Infrared
Paul
Kohmescher
201-405-0900
2

EX - 99 . 1 2 v074073 _ ex99 - 1 . htm Exhibit 99 . 1 PRESS RELEASE For Immediate Release LumaSense Technologies Closes Acquisition of Mikron Infrared Acquisition strengthens LumaSense 's presence in clean technology , energy and medical sectors Santa Clara , CA - May 7 , 2007 - LumaSense Technologies , Inc . , a leading provider of sensing solutions , today announced it has closed the acquisition of Mikron Infrared ( NASDAQ : MIKR ) , a leader in the field of infrared non - contact temperature measurement and thermal imaging since 1969 . " We are excited to have closed the acquisition successfully " , said Vivek Joshi , CEO of LumaSense Technologies . " This acquisition significantly expands LumaSense 's solutions portfolio as we grow our business in the clean technology , energy and medical markets . The addition of Mikron further enables LumaSense to address an industry that is demanding better quality solutions , comprehensive global service and support and the highest levels of price for performance " . Mikron represents the fourth acquisition LumaSense has made since 2005 . LumaSense 's strategy is to acquire leading companies with innovative technology and products and gain significant opportunities for synergies in research & development , manufacturing , and marketing & sales to realize scale and global reach for its customers . The company provides solutions and services in fiber optic and non - contact temperature measurement , thermal imaging , infrared temperature calibration services , gas analysis and emissions monitoring to thousands of customers around the world . " Mikron 's acquisition by LumaSense provides a unique opportunity to be part of a broader - based sensor technology focused organization " , said Gerry Posner , President and CEO of Mikron . " The similarities of our distribution channels , coupled with the complementary nature of our product portfolios will be a great asset as we grow our business " . Houlihan Lokey Howard & Zukin acted as Mikron 's financial advisor and Arent Fox LLP acted as legal advisor to Mikron . Jones Day acted as LumaSense Technologies ' legal advisor and Comerica provided debt financing to LumaSense . About LumaSense Technologies , Inc . LumaSense Technologies is a global leader in providing quality sensor instrumentation to the clean technology , medical and energy markets . LumaSense is an operating company with a strategy to acquire other leading sensor instrumentation companies serving similar customers with complementary technologies and products . LumaSense 's acquisitions are industry pioneers with hundreds of global customers : Luxtron Corporation - fiber optic temperature measurement sensors ; Innova AirTech Instruments - trace gas monitoring and analysis ; Andros - non - dispersive and dispersive infrared gas analysis ; Mikron Infrared - non - contact temperature measurement , thermal imaging systems and blackbody calibration instruments . LumaSense is backed by Oak Investment Partners , a leading multi - stage venture capital firm with a 28 year history and DFJ Element , a leading venture capital investor in clean technology . About Mikron Mikron Infrared , Inc . ( NASDAQ : MIKR ) has been an innovative leader in the field of infrared non - contact temperature measurement since 1969 . The company is an innovative provider of infrared non - contact temperature solutions for applications in the steel , glass , petroleum , chemistry , food and beverage , glass , medical , power , semiconductor and security industries . Mikron also offers experience in many different thermal applications , specialized software , and custom camera configurations . For More Information Contact : LumaSense Technologies Mark Reis 408 - 235 - 3898 m.reis@lumasenseinc.com Mikron Infrared Paul Kohmescher 201 - 405 - 0900 2