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Mocon, is an international manufacturing company headquartered in Minneapolis, Minnesota USA with operations in Texas, Colorado, Germany and China. While working as a research physicist for General Mills in Minneapolis, Les Demorest, our founder, saw a need for the type of moisture measurement instrumentation that became our first product. In 1966, he founded Modern Controls, Inc., and in 1968 it became a public company trading locally in Minnesota. In 1979 the company became a nationally traded public company on the NASDAQ exchange with the symbol "MOCO". In 1999 the company name changed to MOCON, Inc. MOCON has expanded its product lines over the years to include a wide variety of specialized instruments for the food, pharmaceutical, packaging and many other industries. We design, manufacture and sell products for gas detection, measurement and analysis. Our customers use MOCON products in several areas including research and development, production/manufacturing and quality control. A word often heard at MOCON is "growth". The company has experienced excellent growth over the years and is committed to continuing this growth in the future. There is a strong sense of accountability to our shareholders to deliver consistent earnings through being a step ahead in anticipating, responding to, and delivering market needs. As a part of MOCON`s growth commitment, we acquired Microanalytics, near Austin, Texas in January 1998. Founded by Donald Wright, Microanalytics produces multidimensional gas chromatographs for specific industrial applications. Microanalytics added unique expertise in aroma and odor analysis to our technology base. In October, 2001 MOCON acquired Baseline Industries located north of Denver, in Lyons, Colorado. Baseline, formed in 1969 by Kenneth Forsberg, is known as an industry leader in the development and manufacture of gas analyzers. Baseline prides itself on its worldwide reputation for providing quality instrumentation and technical support. Baseline adds a new line of gas monitoring instruments to our product line, and is a complementary and synergistic addition to the gas analysis instrumentation that we already offer. In February, 2004 MOCON acquired Lippke Handels, our distributor located in Germany. This acquisition aids in MOCON`s efforts to build distribution channels which reach all of the markets in Europe and broaden MOCON`s product and service offerings. In March, 2007 MOCON opened a sales and support office in Shanghai, China. This MOCON staffed office allows MOCON to provide a focal point in Asia specifically aimed at supporting the MOCON brand name, the numerous instruments already in place and ongoing sales. Additionally, MOCON is a consulting company. We perform technical consultation involving material assessment for a wide variety of companies world-wide. Today we are a high-tech company serving our customers and our shareholders with the best instrumentation, services, and financial performance we can generate. We are proud of our employees and their dedication to our continued success.
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