IKONICS Imaging and JDS Industries Announce Distribution Agreement
DULUTH, Minn., Feb. 27, 2014 (GLOBE NEWSWIRE) -- IKONICS Corporation
(Nasdaq:IKNX), a Duluth-based imaging technology company, announced a
Distribution Agreement with JDS Industries, the leading product supplier to
the awards and recognition industry.
With fourteen distribution centers throughout the United States and a
decades-long reputation for consistent delivery, exceptional customer service
and a diverse product offering, JDS is uniquely positioned to avail IKONICS
Imaging products to geographical markets traditionally outside the focus of
IKONICS Imaging, including those customers JDS has been supplying for years.
JDS Industries owner, Scott Sletten, described the partnership as "an
excellent fit," acknowledging that the addition of the IKONICS Imaging product
roster to his inventory is a significant opportunity for his own business
development and that of his long-standing customers.
"Our customers tend to be very entrepreneurial," Sletten said. "Our ability to
offer the world's finest sandcarving equipment, photoresist films and other
products will be very well received—they're always looking for new streams of
revenue and the IKONICS Imaging line is exactly that."
Peter Norman, Corporate Accounts Manager at IKONICS Imaging, was similarly
enthusiastic. "We know our product line is the best in the world and that JDS
has distribution capabilities that are unsurpassed, so combining our efforts
in this way is sort of a natural evolution of both businesses."
The companies will collaborate in their promotional efforts in trade
publications and at trade shows.
This press release contains forward-looking statements regarding sales, gross
profits, net earnings, balance sheet position, industry trends and new
products, technologies and businesses initiatives that involve risks and
uncertainties. The Company's actual results could differ materially as a
result of downturns in the aerospace industry, unexpected production delays by
the Company's customers, lack of acceptance of new products and technologies,
introduction of new products or technologies by competitors, the effects of
federal budget sequestration, domestic and global economic conditions,
inherent risk and uncertainty in the protection of intellectual property
rights, the ability to control operating costs without impacting growth as
well as the factors described in the Company's Forms 10-K, and 10-Q, and other
reports on file with the SEC.
ISO 9001 Certified
NASDAQ Listed: IKNX
CONTACT: News Contact: Parnell Thill
Vice President, Marketing
IKONICS Corporation Logo
Press spacebar to pause and continue. Press esc to stop.