Last $12.86 USD
Change Today +0.15 / 1.18%
Volume 1.3K
KTEC On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

key technology inc (KTEC) Snapshot

Open
$12.90
Previous Close
$12.71
Day High
$12.95
Day Low
$12.85
52 Week High
12/6/13 - $14.96
52 Week Low
02/3/14 - $10.75
Market Cap
81.0M
Average Volume 10 Days
4.3K
EPS TTM
$-0.74
Shares Outstanding
6.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for KEY TECHNOLOGY INC (KTEC)

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key technology inc (KTEC) Details

Key Technology, Inc. designs, manufactures, sells, and services process automation systems integrating electro-optical inspection, sorting, and process systems in the United States and internationally. It provides automated inspection systems, including belt-fed sorters - Optyx, Tegra, and Manta that are primarily used in the fresh and frozen fruit, vegetable, and potato products segments; chute-fed sorters, such as the Visys Spyder, Visys Python, and Visys Cayman, as well as Taurys for sorting nuts, dried fruits, and frozen vegetables; Veo, an optical sorter for seed corn; Tobacco Sorter used in tobacco threshing and primary processing; and ADR, an automatic defect removal systems for use in the potato strip industry. The company also offers automated inspection equipment for solid dose pharmaceuticals and nutraceuticals through its SYMETIX pharmaceutical product line. In addition, it provides conveying and processing equipment comprising Smart Shaker vibratory solutions, which include Iso-Flo, Impulse, and Horizon systems; Rotary sizing and grading systems; and Turbo-Flo steam blanchers and SYMETIX equipment for pharmaceuticals and nutraceuticals. Further, the company offers preparation systems consisting of air cleaners and coolers, vegetable metering and blending systems, and bulk handling equipment, as well as conveying and raw food sizing, grading, and preparation equipment; and integrated whole-line solutions. Additionally, it provides PROliance suite of support services, parts, protection plans, and training solutions; spare parts and post-sale field and telephone-based repair services; RemoteMD, a real-time condition and monitoring and diagnostics analysis tool for G6 optical sorters; and online training services covering optical inspection systems and vibratory conveyors. The company sells its products directly, as well as through independent sales representatives. Key Technology, Inc. was founded in 1948 and is headquartered in Walla Walla, Washington.

key technology inc (KTEC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $300.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $84.6K
Chief Strategy Officer, President of EMEIA an...
Total Annual Compensation: $136.0K
Senior Vice President of New Products & Busin...
Total Annual Compensation: $230.0K
Vice President of Global Aftermarket and Lega...
Total Annual Compensation: $180.0K
Compensation as of Fiscal Year 2013.

key technology inc (KTEC) Key Developments

Key Technology Introduces New Veo(TM) DS Sorter for Seed Corn Ears

Key Technology expands its popular Veo family of seed corn ear sorters with the introduction of the new Veo DS, which will be exhibited at Seed Expo. Featuring top- and bottom-mounted sensors, Veo DS offers double-sided inspection, providing the higher detection capabilities to identify and remove seed corn ears with remaining husk as well as defects and foreign material from the product stream. By automating inspection, Veo sorters maximize product quality and improve process efficiency while reducing husk room labor by 75% or more. Key now offers its range of Veo 16, 12, and 8 as well as Veo Max models each with double-sided or single-sided inspection and either two-way or three-way sorting to meet the needs of every seed corn ear processor operating any husker of any size. The complete family of Veo sorters inspects from 1,500 to 4,500 ears of corn per minute, achieving up to 98% sorting efficiency with gentle handling that prevents kernel loss. Veo is easy to install and easy to use. Key designed Veo to fit through a standard door frame and be installed downstream of any husker of any size from any manufacturer, with minimal changes to existing husk room layouts. Veo sorters can be controlled individually or networked to enable multiple sorters to be managed at the same time, including remotely. Veo's real-time and on-demand diagnostics minimize costly downtime and alert the operator about conditions that could compromise inspection performance. Veo's Information Analytics function enables the collection of statistical data about the product, defects, and sort operation. All Veo sorters are available as two-way or three-way inspection systems. With three separate discharge streams, seed corn processors dedicate one reject stream to removing unhusked ears, which are routed back to the husker, while the second reject stream is dedicated to waste product and FM, leaving the accept stream to receive only good ears ready to go on to further processing. Two-way Veo sorters can easily and economically be upgraded in the field to the three-way configuration. Compared to manual inspection, Veo identifies more subtle visual characteristics and maintains better consistency over time to improve product quality and enhance process efficiency. Key's proprietary sensors, coupled with intelligent software, recognize color, shape, size, and texture to detect and remove ears with husk remaining, even when the husk is the same color as the kernels. Veo can sort any size and variety of seed corn ear, including yellow corn on red cob, yellow corn on white cob, and white corn on white cob. It detects multiple mold colors. For husk sorting, the user defines the exact amount of husk coverage that is desired to actuate Veo'ss reject system. Users can also define Veo's accept/reject thresholds to pass or remove rogue ears, immature ears, bare or partially bare cobs, diseased kernels, ears with mold, stalks, shanks, and nubbins as well as small trash like stones and other organic and inorganic foreign material (FM) in the product stream. The typical line configuration has a Veo sorter dedicated to an upstream husker. Veo 16, 12, and 8 offer maximum capacities of up to 3,000, 2,250, and 1,500 ears of corn per minute respectively to handle the throughput of 16-, 12-, and 8-lane huskers. Veo Max offers an alternative line configuration by enabling the output of multiple huskers to be consolidated and fed to a single high-capacity sorter that can inspect up to 4,500 ears of corn per minute.

Key Technology Introduces New Integrated High-Capacity Sorting System for Fresh Spinach

Key Technology introduced a new sorting system for fresh spinach. The integrated system includes an Iso-Flo ® fines removal shaker or dewatering shaker together with an acceleration belt and Manta ® digital sorter to inspect fresh spinach and other leafy greens such as cut cabbage, romaine, and iceberg lettuce. It is ideal for sorting fresh product at receiving, after cutting, or after washing and drying. This integrated system improves the accuracy of foreign material (FM) and defect removal to enhance product quality and food safety while increasing throughput and maximizing yield. Successfully stabilizing the spinach enabled Key to increase the belt speed of Manta by 30%, which increases capacity. Featuring a Manta 2000 series sorter, this new fresh spinach sorting system inspects up to 13,000 lbs. (5.9 metric tons) of spinach per hour. When sorting cut romaine or iceberg lettuce, the system inspects up to 12,000 lbs. (5.5 metric tons) per hour. On cut cabbage, it can process up to 50,000 lbs. (22.7 metric tons) per hour. When located at receiving or after cutting, the first step in the process is a three-deck Iso-Flo fines removal shaker that removes small objects such as dirt clods, insects, sticks, small rocks, and cotyledons to reduce the load on the digital sorter. If the system is located after washing and drying, an Iso-Flo dewatering shaker is the first of the three integrated steps. Next, a specialized acceleration belt spreads, singulates, and stabilizes product for optimal presentation to the sorter. By providing an ideal view of each object to the sorter’s vision system and improving the consistency of each object’s trajectory from inspection to ejection, the accuracy of FM and defect removal is improved, which maximizes product quality and yield.

Key Technology Introduces CIT Hyperspectral Imaging Module for ADR 5 to Detect and Remove Sugar End Defects from Potato Strips

Key Technology introduced hyperspectral imaging on its popular ADR 5 automatic defect removal system for potato strips. Featuring Chemical Imaging Technology (CIT), an advanced value-added hyperspectral solution that evaluates the chemical composition of objects, CIT detects 'sugar ends,' an invisible defect that plagues potato processors, which the ADR then cuts from the wet strips, along with all other defects, to recover the good product. ADR 5 with CIT detects and removes sugar ends and other defects from potato strips to improve product quality while maximizing yields. Key’s new CIT hyperspectral imaging module is available as an option on new ADR 5 systems and as an easy-to-implement in-field upgrade for installed ADR 5 systems. The new CIT module is additive – the ADR’s previous performance, including detection capabilities and throughput, remains unchanged while sugar end removal is added. The new CIT hyperspectral module detects sugar end defects while the ADR’s Vis/IR cameras identify green defects and differentiate between potato peel and brown defects such as bruises and rot, enabling ADR 5 with CIT to detect and remove the widest range of defects on both peeled and peel-on potato strips. ADR 5 handles strips from thin shoestring to thick steak-cut French fries, automatically cutting out defects at production rates of up to 16,200 lbs. (7.4 metric tons) per hour. Sugar ends, also referred to as dark ends, glassy ends, translucent ends, and jelly ends, is a physiological tuber disorder caused by environmental conditions. Potato strips made from sugar end potatoes exhibit undesirable dark brown areas after frying, caused by the higher concentration of reducing sugars caramelizing. The challenge is that sugar ends are invisible to traditional detection technology until after the product has been thoroughly fried, so potato strip processors can be unaware they have a sugar end problem until their foodservice customers fry the strips and complain. The new CIT hyperspectral imaging system successfully detects sugar ends prior to frying. CIT is a proprietary solution developed by EVK and Insort that utilizes unique software and algorithms to process information from powerful broad-spectrum hyperspectral sensors and evaluate the chemical composition of potatoes. In July 2013, Key entered into an exclusive licensing agreement to deploy CIT in its products to enhance the value of its potato sorting capabilities.

 

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Valuation KTEC Industry Range
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Price/Sales 0.7x
Price/Book 1.2x
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TEV/Sales 0.6x
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