Schmitt Industries, Inc. (âSchmittâ or the âCompanyâ) designs, manufactures and sells high precision test and measurement products, solutions and services through our SBSÂŽ, AcuityÂŽ and XactÂŽ product lines, which are reported in two business segments. In the Balancer segment, our SBS product line provides computer-controlled vibration detection, balancing and process control systems for the worldwide machine tool industry. In the Measurement segment, our Acuity line provides laser and white light sensor distance measurement and dimensional sizing products, and our Xact line provides ultrasonic-based remote tank monitoring products and related monitoring revenues for markets in the Internet of Things environment.
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