Hello, everyone, and thank you all for joining us during the Lytham Partners Fall 2026 Investor Conference. My name is Adam Lowensteiner, Vice President at Lytham Partners. Today Steve Bronson, Chairman, President, and CEO of Interlink Electronics, will be taking us through a brief slide presentation. Interlink Electronics trades under the ticker symbol of LINK on the Nasdaq. Let's get started. Steve, welcome. I will turn the floor over to you for your presentation.
Thank you, Adam. It's great being here today. My name is Steven Bronson. I'm the CEO of Interlink Electronics, that, as Adam mentioned, trades on the Nasdaq under the ticker symbol LINK. We're a global sensor printed electronics engineered solutions organization, and we really focus on enabling smarter devices through advanced sensing. We have our forward-looking statements. Please take a second to look at this slide. It probably is not new to most of you. We have all heard the expression KISS, keep it simple , stupid. At Interlink, I like to follow the four S's. Do we have a sound strategy? Do we have a successful track record? Do we have skin in the game? Do we have a sexy factor? Is the space we're in relevant and poised for significant growth? I feel strongly that Interlink delivers in all these four categories.
Our focus is leveraging our rich history around sensing. We invented Force Sensing Resistors, which is a type of sensing technology that detects physical force or pressure. Unlike your iPhone or Android device that has capacitive that's detecting touch, our roots go back to inventing Force Sensing Resistors in 1985. We saw an opportunity a little over four years ago that the world of sensors and printed electronics is a very fragmented industry, and it's ripe for consolidation and a roll-up. Leveraging off our rich history as being a pioneer in force sensing, we kicked off the strategy around rolling up the industry. Since then, we've done four acquisitions. We also recently announced our fifth pending acquisition, which is transformative, and I'll talk about that shortly.
Our track record, not only have we had success in closing on four acquisitions, but myself, this isn't the first public technology company that I've been involved. My first technology company was a company called Mikron Infrared Instruments in the infrared technology space, where I took over as president, bought out one of the co-founders as a small group of investors with myself representing more than 50% of that, and went ahead and executed a turnaround, built out a very strong management team that subsequently we sold the business for about 11x of our original investment. So it goes to the track record. Skin in the game, I happen to be the largest shareholder to date in the company. Also, we talk about the sexy factor.
The world of sensors, printed electronics, we use sensors in every aspect of our everyday life, whether it's in our kitchen appliances, our cars, or our personal electronic devices. With the world of AI and supercomputing, sensors play a very critical role because you need sensors to capture that information, so the information can be processed from a data analytics standpoint. I like to say we're the picks and shovels of this data analytics AI revolution. We're a fully integrated organization, so we do everything in-house, ranging from the technology offerings, the prototyping, the manufacturing, the software, the firmware. We work with, whether it's Fortune 500 companies or high-growth mid-cap companies, to up-and-coming technology and product offering solution organizations where our technology is incorporated into their offering. We have a strong history. As I mentioned, we were founded in 1985, based here in Silicon Valley, Fremont, California.
We service multiple verticals, so whether it's industrial, medical, automotive, consumer electronics, within the medical space, it's a wide range of categories within the medical space. IP, we have a very strong IP portfolio. We have over 49 patents. We have 14 pending. We're constantly investing in our technology, both from an IP standpoint and also the human capital. Because without the right team, without the right folks with the right skill set, you're not going to have success. That goes to our technical capabilities. Not only are we fully integrated, but we have that different expertise in-house. So whether it's the electrical engineering, the mechanical engineering, the chemistry, I mention printed electronics because our sensor technologies are printed, so it's important that you understand the chemistry behind it. We're a global organization, and I'll describe that further.
We're based in California. I'll talk to some of our footprints in a minute, but I want to emphasize our over 40 years of history. The company was founded in 1985. We went public in 1996, and I got involved in the business around the 2010-2011 timeframe to enhance and grow the core technology. A little over four years ago, when we realized that there's a bigger opportunity because the world of sensor companies, there's some great technologies out there. But it's very fragmented, we kicked off this M&A strategy. In December of 2022, we acquired two companies, KWJ Engineering and SPEC Sensors in the gas, environmental, and air quality sensing. Three months after that, we acquired Calman Technology in Scotland that had a 30-year track record in printed electronics and membrane keypads.
In addition to product expansion, additional revenues, and earnings, it gave us manufacturing diversification. To that point, all of our manufacturing, except for gas and environmental sensing, was all out of our China footprint. So Calman Technology being based in Scotland gave us that diversification, and the same manufacturing process that is used to produce membrane keypads is able to produce Force Sensing Resistors. Subsequently, we did our fourth acquisition in December of 2024. We acquired Conductive Transfers based in northern England that has very smart proprietary technology related to smart textiles and wearables, which we see tremendous growth prospects. They had a history with a large medical customer providing their proprietary smart Conductive Transfers, which allowed the customer to create stimulation on a pair of smart medical shorts that were used to help women who had incontinence issues.
Because of our Conductive Transfers process, we were able to provide and apply it to the smart shorts that created stimulation to help address the incontinence issues. We talk about our M&A strategy, the fact that we closed four acquisitions. In May, we announced the signing of a non-binding letter of intent of a privately held company here in the U.S. that has a strong history around precision components, engineered solutions. It not only expands our capabilities, but it also gives us a larger presence from a manufacturing standpoint in the U.S. T hey also have the defense certifications and aerospace certifications, which allows us to leverage our technology portfolio into those verticals. Our goal is to close that transaction in the next 8 - 10 weeks. Again, we're confident that we'll get to the finish line.
M&A benefits allows us, when we acquire these different companies with different technologies, to have that cross-selling, where we're able to introduce the expanded portfolio to our existing customer base. We have some large tier customers that we're an approved technology provider to. It's much easier to introduce a new technology where you already have that track record and history of delivering, whether it's a force sensing or a gas sensor. Having that history allows us to introduce other technologies and being part of their supply chain. The engineering talent, when we do these acquisitions, we're not only acquiring some great technologies and customers, but we're also adding to the team.
We keep the core team in place when we do these acquisitions. We have additional resources from an engineering standpoint, whether it's electrical, mechanical, and also, as I mentioned earlier, the expertise around the chemistry side. There's also some real synergies from the manufacturing and the supply chain process that we're able to leverage on. We look to develop product and offerings that combine some of these technologies. For example, if you can introduce a membrane keypad that has force sensing incorporated into it, that's where we're leveraging the expertise that we acquired through Calman Technology and combining it with our rich history around force sensing. It opens up tremendous ways to leverage and increase revenues. Our global footprint, we're headquarters in Fremont, California, and we have operations around the world. We have the Calman Technology footprint that we acquired. We also expanded it recently.
We added a second footprint in Irvine, Scotland, to support our future growth. We also moved the team within the Conductive Transfers group in northern England within a footprint that's part of an advanced manufacturing park that has a very robust group of different types of businesses. Companies like McLaren Group are part of that park, so we're embedded into a very strong ecosystem. We have manufacturing in our China footprint in Shenzhen. We also have manufacturing in our footprint in Scotland, and we also do low to medium volume gas sensing manufacturing within our Fremont, California footprint. We also have a distribution center in Hong Kong, and we have a sales office to support our Japanese customers just outside of Tokyo. Today, we have a very unique product technology platform. We offer, whether it's printed electronics, force sensors, Force Sensing Resistors, and also piezoelectric sensor, which is a cousin technology.
We also offer the wearable technologies through our different sensing portfolios. On the gas environmental air quality sensing, we have a wide range of gases that we are able to detect, leveraging off of our electrochemistry science platforms. That allows us to deliver a robust gas sensor that performs well and that can also meet the market's request from a pricing standpoint. In the world of HMI, human machine interface, all of our technologies are part of that ecosystem. The market opportunity, the growth for sensors and especially printed flexible sensors is tremendous today. The market that we play in, we are a small piece of an $11+ billion market that is expected to grow over the next eight years to more than $22 billion.
When we talk about being relevant, we are very relevant. Everybody talks about physical AI, and we have technologies that address that physical AI. Examples of physical AI is robotics. Today, our force sensors are used in a medical platform for robotic-assisted surgery within the medical space. Here are some of our past and present customers. We service a wide range of organizations and different verticals, ranging from Fortune 500 companies to some great secondary companies. In Q2, we delivered a strong quarter, resumed for the quarter back to profitability. Last year, we did just under $12 million in revenues, and we expect on a pro forma basis with the pending acquisition to be transformative to be north of $45 million in revenues for 2025 on a pro forma.
This assumes with the closing of the acquisition within the next roughly 8- 10 weeks. With that, on a pro forma basis, we expect the business to be up from that $45 million in revenues and strong adjusted EBITDA. Our goal is to continue to drive growth both organically and inorganic. We have a target that we want to be $100+ million company in the next three years or more or less, and we are on our way. Last year, as I mentioned, we did just under $12 million in revenues. With this pending acquisition, with successful completion of that acquisition, we would be north of $50 million in revenues this year. Part of this growth is we see that the industry is very fragmented. There is tremendous opportunities to expand the business, both from a technology offering and from a global customer base.
What we are doing today is not new. There was a very successful company called Measurement Specialties that was publicly traded. It was a publicly traded mid-cap company on Nasdaq. They pursued a roll-up within the sensor and the sensor material industries. In 2009 - 2014, they averaged about four or five acquisitions a year, and their stock went from under $4 to north of $86, where they were acquired by TE Connectivity, listed on the New York Stock Exchange. This is our poster child. We built a very strong management team that has a very diverse background. Myself, with a very strong finance operational background and entrepreneur also with a financial industry background.
Not only do I bring the expertise on the day-to-day operations and the fact that I've had success within building public tech companies, but it also leverages my experience in the financial side. We're able to attract the capital that's necessary to drive our growth and our strong objectives. Supporting me on that is Ryan Hoffman, our CFO. Prior to joining Interlink six years ago, he brought two decades of public accounting experience. He was with RSM for 16 years. Prior to that, he was with EY for four years. Declan Flannery, who's our VP of Force Sensing, brings over 30 years of sensor and sensor manufacturing experience to the table that's very helpful across all the technologies within our portfolio. Also Dr. Sreeni Rao, who heads up our gas and environmental sensing portfolio.
Prior to joining us, he ran a division for TDK, a sensor group within their portfolio. Innovation, scale, and trust. We have not only a patent-protected, but a lot of the things we do, some of our institutional knowledge, combining the firmware, software with the IP, we really create different barriers to protect our position in the marketplace. Also, being vertically integrated, end-to-end capabilities, we're able to support our customers to meet their needs. The best example is a large tier medical customer, we sell them a Ring Sensor that's used in ventilators. During COVID, when their demand went through the roof and we needed to respond and increase production fourfold, we were able to meet their needs.
Our global scale and infrastructure, which is unusual for a company our size, allows us to support our multinational companies, but also customers within their region, which is very critical, whether it's a large tier company or a high-growth technology customer who needs to be supported within their region time zone. We have a proven track record of delivering high volume level of sensors and critical performance range, multiple verticals. That allows us to win new business, showing that we've been able to execute and deliver, and that track record is valuable. The bench, not only having the various technologies within the Interlink family, but this rich and robust engineering talent. Key takeaways, Interlink Electronics plays in the smart printed sensor space. We're building the next-gen smart sensing, global scalable platform. We're positioned as the picks and shovels for the data AI revolution, proven execution.
We're focused on driving growth, but also achieving strong financial targets. We really are committed to building a larger and profitable organization. Thank you, Adam, and I'll let you take it away.
Thank you, Steve, and thank you for everyone for watching. If you have any questions or would like to schedule a meeting with Interlink Electronics, please send me an email at lowensteiner@lythampartners.com. If you'd like to learn more about Lytham Partners, you can visit our website at lythampartners.com or follow us on LinkedIn to stay connected about future events. We all hope you enjoy the rest of the conference and have a great day.