Allied Motion Announces Relocation of COPI Operations

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Thu Oct 29, 2009 2:03pm EDT

DENVER--(Business Wire)--
Allied Motion Technologies Inc. (NASDAQ: AMOT) today announced that the Allied
Motion COPI operation will be relocated from Chatsworth, CA to the Allied Motion
EMOTEQ facility in Tulsa, OK by the end of 2009. Joe Ivey, previously named the
General Manager of the combined entity in September, is responsible for the
smooth integration of the operations and for its growth in the future. 

Dick Warzala, President and CEO of Allied Motion stated, "We are confident that
under Joe`s leadership, one cohesive team will bring new levels of growth and
success to the previously independent EMOTEQ and COPI operations. The current
economic conditions and the outlook for business to return to pre-recession
levels and beyond were the primary factors in the decision. The combined entity,
supporting both the motor and encoder technologies in a cohesive systems
approach within the same facility, will provide the best opportunity for
long-term sustainable growth and profitability in the future. The decision is
also in the best interests of our valued customers who expect and deserve for us
to provide them with 'Motion Solutions That Raise the Bar' and to be competitive
on a world-wide basis, in terms of both technology and cost." 

From a financial perspective, all charges related to the re-location are
expected to be substantially incurred in the fourth quarter of 2009. On an
ongoing basis, in addition to creating a more effective organization for the
long term, the net annualized savings are expected to exceed $500,000 per year
in operating costs. 

Headquartered in Denver, Colorado, Allied Motion designs, manufactures and sells
motion control products into applications that serve many industry sectors.
Allied Motion is a leading supplier of precision and specialty motion control
components and systems to a broad spectrum of customers throughout the world. 

The statements in this press release that relate to future plans, events or
performance are "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements include,
without limitation, any statements that may predict, forecast, indicate, or
imply future results, performance, or achievements. Forward-looking statements
involve known and unknown risks and uncertainties, including the risks and
uncertainties detailed from time to time in the Company`s SEC filings, that may
cause actual results of the Company to differ materially from the
forward-looking statements. Actual results, events and performance may differ
materially. Readers are cautioned not to place undue reliance on these
forward-looking statements as a prediction of actual results. The Company has no
obligation or intent to release publicly any revisions to any forward looking
statements, whether as a result of new information, future events, or
otherwise.

Allied Motion Technologies Inc.
Richard Smith, 303 799-8520
or
Sue Chiarmonte, 303 799-8520




Copyright Business Wire 2009

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