Key Developments For Ikonics Corp
Ikonics Corp (IKNX.O) (Consolidated Issue listed on NASDAQ Capital Market)
Ikonics Corporation Announces Stock Repurchase Program
Ikonics Corporation announced that its Board of Directors approved the repurchase of an additional 100,000 shares of common stock bringing the total shares eligible for repurchase to 150,007 shares. In prior years, the Company's Board of Directors had authorized the repurchase of 150,000 shares of common stock of which 50,007 shares remain.
Ikonics Corporation Acquires Option To Purchase City Land
Ikonics Corporation announced that the Duluth Economic Development Authority (DEDA) has approved an agreement that gives the Company the option to purchase approximately 15 acres at the former Universal Atlas Cement Company plant site in the Morgan Park neighborhood of Duluth. The purchase price is approximately $500,000.
Ikonics Corporation Resumes Share Repurchase Program
Ikonics Corporation announced that it is resuming its previously announced share repurchase program. The Company has a current board authorization to repurchase up to 150,000 shares of which a total of 99,993 have previously been purchased. Shares may be purchased in the open market or directly from shareholders who contact the Company in privately negotiated transactions.
Ikonics Corporation Acquires Image Mate From Franklin International
Ikonics Corporation announced that on December 29, 2006, it acquired, from Franklin International of Columbus, Ohio, its Image Mate line of screen printing products. The Image Mate assets, including inventory, were purchased for $380,000 in cash, plus other considerations, including a long-term agreement to purchase key raw materials from Franklin International.
Ikonics Corporation's PhotoBrasive Systems Introduces UltraVinyl
Ikonics Corporation announced that it has introduced UltraVinyl, a self-adhesive photo resist stencil film for the abrasive etching of stone and other substrates that are difficult to etch. The product has the abrasive resistance of a traditional vinyl stencil. IKONICS has applied for a patent on the product.
