|Bid||3.35 x 800|
|Ask||4.08 x 900|
|Day's Range||3.95 - 4.09|
|52 Week Range||3.41 - 7.50|
|Beta (3Y Monthly)||-0.01|
|PE Ratio (TTM)||20.68|
|Earnings Date||May 11, 2017 - May 12, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.00|
Christopher Brown founded Thermal Kinetics Engineering in 1999 and grew it to a 14-person engineering firm based in Amherst. Now the company has a new owner after RCM Technologies, a New Jersey-based public company, purchased Brown's company for $1.765 million plus earnout payments as long as income thresholds are met. The sellers were advised by Williamsville-based Paramax Corp. Kevin Miller, CFO of RCM Technologies, said the plan is to grow the customer base and workforce in Buffalo.
RCM Technologies, Inc. (RCMT) announced today the acquisition of Thermal Kinetics, an established Buffalo-based engineering company providing full service process equipment supply, engineering, development and design services for construction and industrial customers. The purchase of Thermal Kinetics, structured as an asset purchase, will complement and expand RCM’s Engineering services offerings and provide all of our customers with a stronger depth of experienced engineering resources and capabilities. Thermal Kinetics is a key technology and development partner, which for nearly twenty years has provided engineering services on construction and industrial processes. The RCM engineering division’s core business mission is to continue its strategic transformation designed to focus on providing our customers complete engineering, procurement and construction (EPC) solutions. With Thermal Kinetics joining the team, we can now offer our combined suite of capabilities and services to our global list of clients.
PENNSAUKEN, N.J., Nov. 08, 2018 -- RCM Technologies, Inc. (NasdaqGM: RCMT), a premier provider of business and technology solutions designed to enhance and maximize the.
RCM Technologies, Inc. is a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced engineering and information technology services. RCM is an innovative leader in the delivery of these solutions to commercial and government sectors. RCM is also a provider of specialty healthcare services to major health care institutions and educational facilities. RCM’s offices are located in major metropolitan centers throughout North America. Additional information can be found at www.rcmt.com. The Statements contained in this release that are not purely historical are forward-looking statements within the Private Securities Litigation Reform Act of 1995 and are subject to various risks, uncertainties and other factors that could cause the Company's actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These statements often include words such as “may,” “will,” “expect,” “anticipate,” “continue,” “estimate,” “project,” “intend,” “believe,” “plan,” “seek,” “could,” “can,” “should,” “are confident” or similar expressions. In addition, statements that are not historical should also be considered forward-looking statements.
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