SCHMITT IND INC
			Symbol			SMIT

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Schmitt Industries Announces Agreement to Acquire Assets of Optical Dimensions®

2009-09-24 10:30 ET - News Release

Lasercheck® Roughness Gauges to Enhance Schmitt’s Laser-Based Surface Measurement Product Line

Company Website: http://www.schmitt-ind.com
PORTLAND, Ore. -- (Business Wire)

Schmitt Industries, Inc. (NASDAQ: SMIT) today announced that it has entered into a definitive agreement to acquire all the assets of Optical Dimensions®, a sole proprietorship that designs, manufactures and markets the Lasercheck® line of roughness gauges, for $100,000 cash and shares of Schmitt common stock equal in value to $100,000. The transaction is expected to close within the next six days.

Lasercheck® is a unique Ra laser based non-contact roughness monitor incorporating patented “laser light scatter” technology that can make precision repeatable surface roughness measurements in the 0.01 to 10 micron (0.40 to 400 micro inch) range. Lasercheck® provides high speed in-process measurements in a fraction of a second and is optimized for surface measurements of ground, sanded, polished, honed, super-finished and shot blasted surfaces. Lasercheck is used by leading manufacturers in a variety of industries throughout the world.

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