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Last $12.03 USD
Change Today -0.08 / -0.66%
Volume 963.0
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

key technology inc (KTEC) Snapshot

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52 Week High
10/9/14 - $14.10
52 Week Low
08/20/15 - $10.72
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Current Stock Chart for KEY TECHNOLOGY INC (KTEC)

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key technology inc (KTEC) Details

Key Technology, Inc., together with its subsidiaries, designs, manufactures, sells, and services process automation systems integrating electro-optical inspection, sorting, and process systems in the United States and internationally. It provides automated inspection systems, including belt-fed sorters - Optyx, Tegra, and Manta that are primarily used in the fresh and frozen fruit, vegetable, and potato products segments; chute-fed sorters, such as the Visys Spyder, Visys Python, and Visys Cayman, as well as Taurys for sorting nuts, dried fruits, and frozen vegetables; Veo, an optical sorter for seed corn; Tobacco Sorter used in tobacco threshing and primary processing; and ADR, an automatic defect removal systems for use in the potato strip industry. The company also offers automated inspection equipment for solid dose pharmaceuticals and nutraceuticals through its SYMETIX pharmaceutical product line. In addition, it provides conveying and processing equipment comprising Smart Shaker vibratory solutions, which include Iso-Flo, Impulse, and Horizon systems; rotary sizing and grading systems; and Turbo-Flo steam blanchers and SYMETIX equipment for pharmaceuticals and nutraceuticals. Further, the company offers preparation systems consisting of air cleaners and coolers, vegetable metering and blending systems, and bulk handling equipment, as well as conveying and preparation equipment; and integrated whole-line solutions. Additionally, it provides PROliance suite of support services, parts, protection plans, and training solutions; spare parts and post-sale field and telephone-based repair services; RemoteMD, a real-time condition and monitoring and diagnostics analysis tool for G6 optical sorters; and online training services covering optical inspection systems and vibratory conveyors. The company sells its products directly, as well as through independent sales representatives. Key Technology, Inc. was founded in 1948 and is headquartered in Walla Walla, Washington.

547 Employees
Last Reported Date: 12/12/14
Founded in 1948

key technology inc (KTEC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $300.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $200.0K
Chief Strategy Officer, President of EMEIA an...
Total Annual Compensation: $241.5K
Senior Vice President of New Products & Busin...
Total Annual Compensation: $230.0K
Senior Vice President of Global Sales
Total Annual Compensation: $224.9K
Compensation as of Fiscal Year 2014.

key technology inc (KTEC) Key Developments

Symetix® Introduces New Cruise Control and Counting Capabilities on VeriSym® Optical Inspection Systems

Symetix introduced Cruise Control and Counting to VeriSym. Intended for solid dose pharmaceuticals and nutraceuticals, VeriSym® Inspection Systems include Cruise Control feature which precisely regulates throughput to accurately remove defects and foreign softgels and tablets. Counting tool eliminates need for weigh scale by enabling VeriSym to fill bulk boxes/containers to desired count, typically 5,000 to10,000 doses per box/bag. Compact VeriSym SE inspects up to 300,000 softgels or tablets/hr, while full-size VeriSym inspects up to 1,000,000 doses/hr. These software-driven capabilities are available as an option on all new VeriSym systems, including the compact VeriSym SE, mid-size VeriSym SL and full-size VeriSym. The upgrade can be installed on any VeriSym in the field, with the addition of Symetixâ s infeed shaker on select models.

Key Technology, Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended June 30, 2015

Key Technology, Inc. reported unaudited earnings results for the third quarter and nine months ended June 30, 2015. For the quarter, the company reported net sales of $30.8 million, compared to $31.3 million recorded in the corresponding quarter last year. Net earnings were $295,000, or $0.05 per diluted share, compared to a net loss of $2.0 million, or $0.32 per diluted share, in the same period a year ago. Earnings from operations were $603,000 against loss from operations of $2,970,000 a year ago. Earnings before income taxes were $447,000 against loss before income taxes of $3,063,000 a year ago. For the nine months, the company reported net sales of $72.5 million, compared with $85.6 million for the comparable period in fiscal 2014. Net loss was $3.5 million, or $0.55 per diluted share, compared to a net loss of $5.3 million, or $0.85 per diluted share, for the corresponding nine-month period in fiscal 2014. Loss from operations was $5,507,000 against $7,815,000 a year ago. Loss before income taxes was $5,735,000 against $8,066,000 a year ago.

Key Technology Introduces its Enhanced Rotary Sizing and Grading Systems

Key Technology introduced its enhanced Rotary Sizing and Grading Systems, which includes its popular Sliver Sizer Remover (SSR), Precision Size Grader (PSG) and Rotary Size Grader (RSG). This family of versatile equipment enables fruit, vegetable and potato processors to size and grade product by diameter or length while conveying and removing field debris, slivers, small pieces, fines, seeds, juice and other targeted material. With a new fully welded framework, one piece block pan, improved water and product deflection, new motor mount with catch pan and more, the new Rotary Sizing and Grading Systems improve sanitation and ease maintenance while improving product quality. The fully welded framework features integral formed mounting flanges, integral welded one piece block pans and blind back standoff bosses for mounting the discharge shear. This new design creates a more rigid frame and enhances hygiene by reducing threaded fasteners and eliminating lamination points between surfaces to minimize areas where water can be trapped and bacteria can grow. Improved water/product containment is the result of a higher infeed frame plate with an added deflection flange to help shed water off the plate, sloped deflectors on both sides and a deflector flange on the discharge shear. These four new flanges reduce fasteners and laminations where microbes can grow while moving drip points to within the envelope of the equipment. This makes it easier for processors to mount a drain pan under the system and better captures water and product spillage to minimize spillage to the floor, improving sanitation and worker safety. New top and side bearing/sprocket covers and chain guards are made of punch plate material that enables visual inspection of the bearings, drive sprockets, wear strips and chain without removing the covers or guards, which eases maintenance. The idle side cover hinges down without removal of the top cover to further ease maintenance. Top surfaces are sloped to reduce product buildup and shed water. The covers and guards enhance sanitation by enabling the areas behind them to be cleaned with a high pressure washdown without removing the covers and guards. Solid top covers are available as an option. A new motor mount features a drip pan below the gearbox with integrated standoffs. The single square tube support is positioned at a 45° angle to shed product and water. Mounting fasteners are reduced and blind back standoffs are used to further reduce threads and laminations. An updated spray bar system, available as an option, eliminates U-bolts and bracket mounting laminations. The new brackets, which support both the infeed and side spray bars, utilize blind back standoffs and enable the top bearing/sprocket cover to be removed while the spray bars remain in place to enhance sanitation and ease maintenance. Key redesigned the optional CE cover, which used to be mounted using side plate retainer bolts and had to be removed before the top bearing/sprocket covers could be removed. The new CE cover is mounted to the spray bar brackets, allowing the top bearing/sprocket covers and side plates to be removed without removing the CE cover, which eases maintenance.


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Price/Sales 0.7x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.6x

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