Full Press Release Details
Contact: Richard L. Van Kirk, Chief
PRO-DEX, INC. ANNOUNCES ACQUISITION OF
ADVANCED PRECISION MACHINING
CA, February 12, 2026 - PRO-DEX, INC. (NasdaqCM: PDEX) today announced that on February 9, 2026
it completed its acquisition of Advanced Precision Machining LLC, ("APM"), formerly operated as Advanced Precision Machining,
Inc., a manufacturing facility located in Costa Mesa, Calif. APM manufactures several of our machined sub-assemblies and also produces
parts and assemblies for aerospace and defense systems. In addition, it serves as a Prime Contractor for the U.S. Government and therefore
maintains registrations under the International Traffic in Arms Regulations ("ITAR") as well as a Joint Certification Program
("JCP") certification. We anticipate that we will operate APM independently of Pro-Dex and therefore,
due to the length of their accounting close, we anticipate that our future consolidated results of operations will likely be announced
closer to or on our statutory Securities and Exchange Commission deadlines.
"We are excited that
APM is joining the Pro-Dex family," said Rick Van Kirk, President and CEO of Pro-Dex. "APM has been a quality supplier of
ours for several decades and we look forward to applying some of APM's leading edge automation and technology to streamline our
manufacturing and assembly operations in Irvine."
Mr. Van Kirk continued, "This
transaction is part of our expansion plans based upon the recently announced contract extension with our largest customer and resultant
expectant revenue growth. Additionally, we anticipate maintaining and expanding APM's business with other industries."
specializes in the design, development, and manufacture of autoclavable, battery-powered and electric, multi-function surgical drivers
and shavers used primarily in the orthopedic, thoracic, and maxocranial facial markets. We have patented adoptive torque-limiting
software and proprietary sealing solutions that appeal to our customers, primarily medical device distributors. Additionally, we provide
engineering, quality, and regulatory consulting services to our customers. We also manufacture and sell rotary air motors to a wide range
of industries; however, these motors comprise a de minimis portion of our business. For more information, visit the Company's website
Statements herein concerning
the Company's plans, growth and strategies may include 'forward-looking statements' within the context of the federal securities laws.
Statements regarding the Company's future events, developments and future performance, as well as management's expectations, beliefs,
plans, estimates or projections relating to the future (including, without limitation, expected revenue growth and the ability maintain
and expand APM's business), are forward-looking statements within the meaning of these laws. The Company's actual results may differ
materially from those suggested as a result of various factors. The risks included above are not exhaustive. For a more detailed description
of risks associated with the Company, interested parties should refer to the risk factors and other disclosures concerning the operational
and business concerns of the Company set forth in the Company's filings with the Securities and Exchange Commission.