Schmitt Industries, Inc. engages in the design, assembly, and marketing of computer-controlled balancing equipment primarily to the machine tool industry in North America, Europe, and Asia. The company, through its wholly owned subsidiary, Schmitt Measurement Systems, Inc., designs, manufactures, and markets precision laser measurement systems. The company operates through two segments, Balancer and Measurement. The Balancer segment’s principal product Schmitt Dynamic Balance System, which consists of a computer control unit, sensor, spindle-mounting adapter, and balance head used in various manufacturing areas, including the automotive industry, bearings, ceramics, electric...