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Company Description (as filed with the SEC)
Key Technology was founded in 1948 as a local producer of vegetable processing equipment. We have evolved into a worldwide supplier of process automation solutions to the food processing industry and other industries such as tobacco and pharmaceuticals. We were incorporated in 1982 as a result of a management buyout of our predecessor organization. We and our operating subsidiaries design, manufacture, sell and service process automation systems that process product streams of discrete pieces to improve safety and quality. These systems integrate electro-optical automated inspection and sorting systems with process systems that include specialized conveying and preparation equipment. We provide parts and service for each of our product lines to customers throughout the world. Net sales for the year ended September 30, 2013 were $136.8 million compared with $115.2 million for fiscal 2012 and $116.3 million for fiscal 2011. We reported net earnings for fiscal 2013 of $4. ... More ...