Interlink Electronics Executes Non-Binding LOI For Acquisition Of UK-Based Privately Held Company For All-Cash Purchase Price Of Up To ~$1.9M, Payable In Part At Closing And In Part Through 3-Yr Earnout

Interlink Electronics, Inc. (NASDAQ:LINK) ("Interlink" or the "Company"), a global leader in sensor technology and printed electronic solutions, today announced that it has executed a non-binding Letter of Intent for the acquisition of a privately held company based in the United Kingdom for an all-cash purchase price of up to approximately $1.9 million, payable in part at closing and in part through a three-year earnout. The company has over two decades of experience in contract manufacturing and outsourced engineering services, and in its last fiscal year, it broke even on revenues of approximately $5 million. The acquisition is subject to the parties' execution of a definitive purchase agreement, satisfactory due diligence and customary closing conditions and is anticipated to close later this year (however, there can be no guarantee that the transaction will close by then or at all).