Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  News  >  Companies

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

National Presto Industries : 7/23/19 - National Presto Industries, Inc. Acquires OneEvent Technologies

07/23/2019 | 04:20pm EST


CONTACT: Randy Lieble


(715) 839-2164


Eau Claire, Wisconsin (July 23, 2019) - National Presto Industries, Inc. (NYSE: NPK) announced today that its wholly owned subsidiary, OETA, Inc., has purchased substantially all the assets of OneEvent Technologies, Inc., a Mount Horeb, Wisconsin, company established in 2014 by co-founders Kurt Wedig and Dan Parent.

OneEvent was created to empower the protection of lives and property and has created a modern safety solution which protects buildings, homes, assets and occupants. OneEvent's cloud-based learning and analytics engine utilizes a series of sensing devices integrated with a cellular gateway. Sensors measure a variety of environmental data including smoke, temperature, carbon monoxide, humidity, water, motion and more. This smart technology learns what is normal for a building or home and transmits alerts about potential risks through its app to a cell phone or other device.

In addition to its risk alert capabilities, OneEvent's Internet of things (IOT) technology also enables users to benefit from the robust volume of data collected. OneEvent's proprietary analytics and artificial intelligence can empower users to organize and analyze the data in innovative ways to enhance business intelligence and in turn, efficiency. No other environmental monitoring system provides this level of analysis, benefit and value.

"OneEvent Technologies is a welcome addition to the National Presto corporate family, offering innovative technology to allow people the best opportunity to protect what is important to them," stated Douglas Frederick, COO of National Presto Industries, Inc.

Kurt Wedig, President, OneEvent Technologies, said, "Becoming part of a National Presto Industries' subsidiary will provide us with additional resources to help us reach new and valuable markets to enhance the safety of our customers. There are numerous synergies and integration opportunities for OneEvent that we look forward to developing. Ultimately, this acquisition will strengthen our ability to fulfill our brand promise to predict, alert and prevent."

The Company plans to maintain offices, warehouse, and research and development facilities in Mount Horeb, Wisconsin.

National Presto Industries, Inc. operates in two business segments. The Housewares/Small Appliance segment designs and sells small household appliances and pressure cookers under the PRESTO® brand name. It also designs and markets the first self-service fire extinguisher: the Rusoh® Eliminator® fire extinguisher. The segment is recognized as an innovator of new products. The Defense segment manufactures a


variety of products, including medium caliber training and tactical ammunition, energetic ordnance items, fuzes, and cartridge cases.

This release contains "forward looking statements" made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected. In addition to the factors discussed above, other important risk factors are delineated in the Company's various SEC filings.



National Presto Industries Inc. published this content on 23 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2019 20:19:03 UTC

© Publicnow 2019
Latest news "Companies"
05:59pVALORE METALS : Drills 76.74 metres of 1.25 g/t 2PGE+Au, incl. 15.00 m at 4.19 g/t 2PGE+Au, 0.63% Ni and 0.25% Cu at Pedra Branca
05:59pPACKAGING OF AMERICA : PCA Tomahawk Named an Educator of the Year by TEAPIE
05:59pSupreme Court Justices Question IRS Shield in Tax-Shelter Case -- 2nd Update
05:59pU.S. Panel Recommends Giving First Covid Vaccines to Health Workers, Nursing Homes--Update
05:57pCornyn Leads Letter to USTR Opposing Tax Increase on Job-Creators in Foreign Trade Zones
05:57pTEMPLETON EMERGING MARKETS INCOME FUND : (“TEI”) Announces Distribution and Update to Its Use of Currency Options Disclosure
05:57pTHORNEY OPPORTUNITIES : Net Tangible Asset Backing - November 2020
05:57pTEMPLETON GLOBAL INCOME FUND : (“GIM”) Announces Distribution and Update to Its Use of Currency Options Disclosure
05:55pZOOMERMEDIA LIMITED : Announces Stock Option Grants
05:55pALTERITY THERAPEUTICS : FNN presentation – December 2020
Latest news "Companies"