SCI Engineered Materials, Inc. ("SCI") (SCIA:OTCQB), today announced the Company will redeem all 24,152 shares of its Convertible Preferred Stock, Series B ("Series B"). The Series B shares were issued through a private placement transaction and there is no public market for the stock. This full redemption includes cash payments of $248,765.60 ($10.30 per share), a 3% premium to the stated value of $10 per share plus unpaid annual dividends of $265,672.00 ($11.00 per share)

SCI Engineered Materials is a global supplier and manufacturer of advanced materials for PVD thin film applications who works closely with end users and OEMs to develop innovative, customized solutions. Additional information is available at www.sciengineeredmaterials.com or follow SCI Engineered Materials, Inc. at:
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Sci Engineered Materials, Inc. Announces Full Redemption Of Convertible Preferred Stock, Series B

Sci Engineered Materials, Inc. Announces Full Redemption Of Convertible Preferred Stock, Series B

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