Helios Technologies to Begin Trading Under New Ticker Symbol: HLIO
14 Junho 2019 - 7:30AM
Business Wire
- Helios Management to Ring Opening
Bell at Nasdaq on Friday, June 14
- Ticker Change Will Be Effective on
Monday, June 17
Helios Technologies (Nasdaq: SNHY), a global industrial
technology leader announced that its shareholders approved an
amendment to its articles of incorporation to change the name of
the corporation to Helios Technologies, Inc. at its annual meeting
of shareholders yesterday. Additionally, effective on Monday, June
17, Helios Technologies will begin trading on the Nasdaq under its
new ticker symbol “HLIO.” To celebrate the changes, representatives
of Helios Technologies will ring the Nasdaq Opening Bell this
morning. The ceremony will be available on the Company’s website at
www.heliostechnologies.com.
Wolfgang Dangel, the Company’s President and Chief Executive
Officer, commented, “Last August, we changed our business name to
Helios Technologies, recognizing that the parent company is
evolving in accordance with our Vision 2025 strategy and needs to
remain independent from our operating brands. We are pleased that
our shareholders agree with this evolution, evidenced by their
approval of the legal name change at yesterday’s meeting. A natural
progression is the ticker change, to align with our new legal name.
We look forward to continuing the successful execution of our
strategy under our new identity.”
About Helios Technologies
Helios Technologies is a global industrial technology leader
that develops and manufactures hydraulic and electronic control
solutions for diverse markets. The Company does business through
its operating subsidiaries around the world, including Sun
Hydraulics, Enovation Controls, and Faster Group. The Company
operates in two business segments, Hydraulics and Electronics.
There are three key technologies within our Hydraulics segment:
cartridge valve technology (“CVT”), quick-release hydraulic
coupling solutions (“QRC”) and hydraulic system design (“Systems”).
Within CVT, our products provide functions important to a hydraulic
system: to control rates and direction of fluid flow and to
regulate and control pressures. QRC products allow users to connect
and disconnect quickly from any hydraulic circuit without leakage
and ensure high-performance under high temperature and pressure
using one or multiple couplers. Systems provide engineered
solutions for machine users, manufacturers or designers to fulfill
complete system design requirements including electro-hydraulic,
remote control, electronic control and programmable logic
controller systems, as well as automation of existing equipment. In
our Electronics segment, we are a leader in display and control
integration solutions offering rugged and reliable instruments,
coupled with expertise in J1939 engine protocol, to produce an
industry-leading array of easy-to-read displays and gauges for
controller area network (“CAN”) transmitted engine data and faults.
We refer to this technology as Electronic Controls (“EC”).
Helios Technologies and information about its associated
companies is available online at www.heliostechnologies.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190614005174/en/
Karen L. Howard / Deborah K. PawlowskiKei Advisors LLC(716)
843-3942 / (716) 843-3908khoward@keiadvisors.com /
dpawlowski@keiadvisors.com
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