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FREMONT, Calif. - Interlink Electronics, Inc. (NASDAQ:LINK), whose stock has surged over 290% in the past year according to InvestingPro data, has secured a $200,000 Small Business Innovation Research (SBIR) Phase 1 grant from the Food and Drug Administration to develop advanced electrochemical sensors for food safety monitoring, the company announced Thursday.
The funding will support Interlink’s Gas and Environmental Solutions division in creating sensor technology designed to monitor quality parameters of post-harvest food products throughout the supply chain. With a solid current ratio of 4.52, InvestingPro data shows the company maintains strong liquidity to support its research initiatives.
"This grant recognizes Interlink’s proven technologies and expertise in developing accurate, low-power, and cost-effective electrochemical gas sensors for critical applications such as food safety," said Dr. Sreeni Rao, Vice President of Gas and Environmental Sensing at Interlink Electronics, according to the press release.
The company plans to use the funding to expand research and development efforts for novel sensor platforms capable of monitoring various food quality parameters.
Steven N. Bronson, Interlink’s CEO and President, stated that the grant "highlights how our expertise in electrochemical sensing positions us to expand into large, high-value markets, such as food safety."
Interlink Electronics, which has been operating for 40 years, maintains its corporate headquarters and gas sensor production facility in Fremont, California, with additional facilities in Camarillo, California; Shenzhen, China; Irvine, Scotland; and Barnsley, England.
The company specializes in sensor technology and printed electronic solutions for various industries, including medical, industrial, automotive, and IoT markets. Currently valued at $141.65 million, Interlink trades near its 52-week high of $15.15. For deeper insights into Interlink’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks.
In other recent news, GlassBridge Enterprises has been named as a respondent in proceedings initiated by the Securities and Exchange Commission (SEC). The SEC alleges that GlassBridge is delinquent in its periodic filings and has not complied with Section 13(a) of the Securities Exchange Act of 1934. This could lead to a suspension or revocation of the registration of each class of the company’s securities for up to twelve months. Meanwhile, Interlink Electronics has been active with new developments, securing a $175,000 grant from the U.S. Department of Agriculture to develop an AI-powered food quality and safety monitoring system. Additionally, Interlink received a $280,000 grant from the National Institute of Environmental Health Sciences to fund an air quality monitoring system. Lake Street Capital Markets has initiated coverage on Interlink Electronics with a Buy rating, setting a price target based on a 2026 revenue estimate. These developments highlight significant financial and operational activities for both companies.
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