Inc. (SMS), the Company designs, manufactures and markets precision laser-based surface measurement products for a variety of commercial applications in addition to the disk drive, silicon wafer and optics industries; laser-based distance measurement products for a range of industrial applications; and ultrasonic measurement products that accurately measure the fill levels of liquefied propane tanks and transmit that data through satellite to a secure Website (the Measurement Segment). It also sells and markets its products in Europe through its wholly owned subsidiary, Schmitt Europe Ltd. (SEL), located in the United Kingdom