SOURCE: Sierra Monitor Corporation

Sierra Monitor Corporation

February 09, 2010 09:30 ET

Sierra Monitor Corporation Signs Lease for Expansion to Adjacent Facility

New Space Allows for Anticipated Future Growth

MILPITAS, CA--(Marketwire - February 9, 2010) - Sierra Monitor Corporation (OTCBB: SRMC), a Cleantech focused company that designs, manufactures and sells electronic safety and environmental instrumentation, announced that it has signed a five year lease for an additional 12,600 square feet of light industrial space adjacent to its existing 16,000 square foot headquarters. Both facilities are leased from Geomax Development, San Jose. Sierra Monitor has occupied its headquarters building located at 1991 Tarob Court, Milpitas for the past 24 years. The added facility is located at 675 Trade Zone Blvd, Milpitas.

"By taking advantage of current attractive commercial property lease rates, we have obtained space that will allow us to expand our manufacturing and testing operations and will enable us to consolidate our inventory and materials handling," said Gordon R. Arnold, president and chief executive officer. "The new facility provides space to support the anticipated growth of our FieldServer, ProtoCessor and gas detection product lines. It will also allow us to expand our customer training facilities."

About Sierra Monitor Corporation

Sierra Monitor Corporation is a Cleantech focused company that designs, manufactures and sells electronic safety and environmental instrumentation. The company's hazardous gas detection systems can be found in a broad range of applications including US Navy ships, waste water treatment facilities, refineries, offshore oil platforms, chemical plants, parking garages and underground telephone vaults providing 24/7 protection of personnel and facilities. The company's unique protocol translator products enable communication between disparate electronic systems overcoming protocol language barriers. By enabling communication between central building automation systems and many electronic subsystems, such as fire panels, chillers and air handlers, Sierra Monitor assists with the integration of energy saving systems. The company's products improve the safety and comfort of workers while contributing to climate and natural resource protection. With almost 30 years experience, Sierra Monitor products can be found in more than 16,000 installations worldwide.

The company's vision is to capitalize on the expanding worldwide demand for Cleantech knowledge-based products and services that improve operational performance, productivity, efficiency and safety in building automation, industrial, and military applications while reducing demands on resources and energy consumption.

Safe Harbor Statement

This release includes forward-looking statements that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those contemplated by the forward-looking statements. These forward-looking statements include, without limitation, statements relating to Sierra Monitor's ability to take advantage of future opportunities. Forward-looking statements in this release are generally identified by words, such as "believes," "anticipates," "plans," "expects," "will," "would," "guidance," "projects" and similar expressions which are intended to identify forward-looking statements. There are a number of important factors that could cause the results of Sierra Monitor to differ materially from those indicated by such forward-looking statements, including, among others, the continuing impact of perceived or actual weakening of economic conditions on customers' and prospective customers' spending on Sierra Monitor products and services; quarterly fluctuations in Sierra Monitor's revenues or other operating results; periodic fluctuations in product mix resulting in significant variation of profit margins, risks related to the introduction of new products and market acceptance of such products; customization and deployment delays or errors associated with Sierra Monitor's products; impact of long sales and implementation cycles for certain products; and competitors' release of competitive products and other actions. Further information on potential factors that could affect the financial results of Sierra Monitor are included in risks described in Sierra Monitor's filings with the Securities and Exchange Commission, including, without limitation, Sierra Monitor's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. These filings are available on the web site maintained by the Securities and Exchange Commission at http://www.sec.gov. Sierra Monitor does not undertake any obligation to update forward-looking statements contained in this release.

Contact Information

  • Sierra Monitor Investor Relations Contact:
    Steve Polcyn
    (925) 548-3516
    Email Contact