Allied Motion Announces Corporate Name Change to Allient Inc. and Ticker Change to ALNT

Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and applications, announced today that shareholders approved its corporate name change to Allient Inc. at a special meeting of shareholders held on August 11, 2023. The new name will be effective August 23, 2023, and at the opening of the markets that day, the Company’s shares will commence trading under the new ticker ALNT on the Nasdaq.

“The name change builds off the success we have demonstrated in the Motion industry and reflects the evolution of our technology portfolio into a broader set of Motion, Controls and Power solutions. Short for Allied Nexus Technologies, ‘Allient’ captures the value opportunity that exists at the nexus of the three technology pillars and recognizes the unique capabilities the combination offers,” commented Dick Warzala, Chairman and CEO.

He added, “Our increasing emphasis on Controls and Power technologies significantly expands the addressable markets for the Company. In addition, we are structuring our organization with focused market selling and support teams to increase solution sales opportunities under the Allient brand. Ultimately, we aim to replicate our growth and success in the Motion industry to broader addressable markets within the Controls and Power industries.”

Investor and Analyst Day Webcast
Date: Wednesday, August 23, 2023
Start time: 11:00 a.m. Eastern Time
Webcast and accompanying slide presentation: www.alliedmotion.com/investor-relations

The Investor Day will be a great opportunity to hear more about Allient and the actions the Company is taking to:

• Expand its available markets
• Further strengthen and grow its market share
• Leverage its global manufacturing and engineering capabilities to ensure the Company achieves its goals and objectives
• Leverage its past success and continue to execute its proven process well into the future.

The webcast replay will be available on the Company’s website, where a transcript will be posted once available.

About Allied Motion Technologies / Allient Inc.

Allied Motion / Allient (Nasdaq: AMOT) is a global engineering and manufacturing enterprise that develops solutions to drive the future of market-moving industries, including medical, life sciences, aerospace and defense, agriculture, transportation, robotics and automation. Allient is a family of companies driven by the same goal: to act as one team to provide the most robust, reliable, and high-value products and systems in Motion, Controls, and Power— from mobile weapons systems used by the military to powered wheelchairs that enhance people’s lives.