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FREMONT, Calif. - Interlink Electronics, Inc. (NASDAQ:LINK), a technology company with annual revenue of $11.22 million, has received a $280,000 Phase 1 Small Business Innovation Research (SBIR) award from the National Institute of Environmental Health Sciences, the company announced Thursday.
The grant will fund development of a next-generation air quality monitoring system featuring low-cost, AI-enabled gas sensing nodes capable of real-time detection and forecasting of ground-level pollution.
The project aims to create hyper-local environmental monitoring technology that can pinpoint pollution sources and deliver high-resolution insights to support public safety initiatives, smart city deployments, and industrial environmental compliance.
"Our AI-enhanced sensing nodes are designed to be widely deployable, creating a network effect that can transform air quality monitoring into a predictive, actionable service for government and commercial users," said Dr. Sreeni Rao, Vice President of Product Management at Interlink Electronics, according to the press release.
Interlink Electronics specializes in sensor and printed electronic solutions for various applications including human-machine interface devices and Internet of Things (IoT) systems. The company serves markets including medical, industrial, automotive, and wearables sectors. According to InvestingPro data, the company maintains a strong liquidity position with a current ratio of 4.02, though analysts don’t expect profitability this year.Want deeper insights? InvestingPro offers exclusive access to 10+ additional key insights about Interlink Electronics, along with comprehensive financial analysis and Fair Value estimates.
This SBIR award represents the company’s continued focus on environmental monitoring technology development and commercialization efforts in the growing environmental IoT sector.
The announcement comes as global concerns over air quality and climate change have increased demand for real-time environmental data collection and analysis systems. Despite recent market volatility, with the stock showing a 58% return over the past year but declining 31% in the last six months, InvestingPro analysis suggests the stock is currently trading near its Fair Value.
In other recent news, Interlink Electronics has received a Buy rating from Lake Street Capital Markets, with a price target set at $10.00. The research firm based its valuation on a price-to-sales multiple of 7x, using a 2026 revenue estimate of $14.3 million. Additionally, Interlink Electronics held its 2025 annual meeting of stockholders, where key decisions were made. Stockholders elected Steven N. Bronson, Joy C. Hou, David J. Wolenski, and Maria N. Fregosi as directors. These directors will serve until the 2026 annual meeting or until their successors are elected and qualified. The meeting saw participation from holders of 9,438,915 shares, accounting for 95.69% of the total shares entitled to vote. These developments provide a snapshot of Interlink Electronics’ strategic direction and governance.
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