Key Technology partners with Peco Controls
Walla Walla, WA; Fremont, CA—Key Technology Inc. reports that it and Peco Controls Corp. have formed a new company, InspX, to develop, manufacture, and sell x-ray inspection systems.
Walla Walla, WA; Fremont, CA— Key Technology Inc. reports that it and Peco Controls Corp. have formed a new company to develop, manufacture, and sell x-ray inspection systems. The jointly owned company, InspX, also will be based in Fremont, CA.
InspX combines Peco's expertise and all intellectual property rights in x-ray technology with Key's established name and global sales and marketing reach. Peco has developed unique process control systems for the food, beverage, and pharmaceutical industries, including ScanTrac, which is a compact, high-performance x-ray system used to inspect packaged products for foreign material contamination or packaging imperfections.
Key and Peco say they formed the new firm to capitalize on growing interest from food and drug companies seeking to implement processes that ensure the safety and integrity of consumer products. InspX will market the current ScanTrac product line, as well as develop new products and applications to meet market demands.
'By combining with Peco to form InspX, we’re able to add an established product and new technical expertise in x-ray to Key's product offerings, which will make it possible for us to access new market areas. In addition, this investment fits our strategy to expand our capabilities in product inspection beyond camera-based inspection, and adds a critical anchor product, which will help facilitate a larger role for Key in the packaging lines of processing plants,' says Kirk Morton, Key’s president and CEO. 'We are pleased to join forces with Peco and believe that this joint venture creates a company with a competitive business structure, strong technology, a global presence, and excellent growth prospects.'
Control Engineering Daily News Desk
Jim Montague, news editor