since 1833, although the corporate entity itself was established much later. Prior to the sale by BNS Co. of its Metrology Business in 2001, the sale of BNS Co.’s interest in its development stage measuring software subsidiary, Xygent Inc., in
2002, the sale of BNS Co.’s North Kingstown, Rhode Island property which consisted of an industrial and office building along with the adjoining acreage (a total of approximately 169 acres, all in Rhode Island) (the “Rhode Island
Property” or “North Kingstown Property”) in 2003, and the sale of BNS Co.’s United Kingdom subsidiary (the “U.K. Subsidiary”) on June 16, 2004, BNS Co. was previously engaged in the Metrology Business and the design,
manufacture and sale of precision measuring tools and instruments and manual and computer controlled measuring machines.
