BEI Technologies Announces Multi-Year Agreement With Thales Aerospace
June 13 2005 - 7:30AM
PR Newswire (US)
BEI Technologies Announces Multi-Year Agreement With Thales
Aerospace SAN FRANCISCO, June 13 /PRNewswire-FirstCall/ -- BEI
Technologies, Inc. (NASDAQ:BEIQ) is pleased to announce that BEI's
Systron Donner Inertial Division (SDID), has entered into a
five-year agreement with Thales Aerospace, France, for the supply
of QRS11 quartz rate sensors. Intended applications for the QRS11
are for electronic standby attitude indicator systems for
commercial aircraft. BEI SDID is a world leader in producing mature
MEMS sensors and systems that use its proprietary enabling QRS
sensor technology. BEI has produced more than fifteen (15) million
MEMS sensors for low cost automotive applications as well as high
performance aerospace and defense platforms. BEI Technologies, Inc.
(the "Company" or "Technologies") is an established manufacturer of
electronic sensors, motors, actuators, rotary optical encoders,
linear encoders with associated digital readouts (DROs), and motion
control products used for factory and office automation, medical
equipment, military, aviation and space systems. In addition, sales
to manufacturers of transportation equipment, including
automobiles, trucks and off-road equipment, have become a
significant addition to the Company's business in recent years. The
Company's micromachined quartz rate sensors are being used in
advanced vehicle stability control systems and a significant
increase in the production of those sensors had been in progress
from the middle of 1998 to fiscal year 2005 except for a decrease
in production in fiscal 2002 due to increased competition. The
Company also manufactures electronic steering wheel position
sensors, seat-memory modules, throttle position sensors, inertial
navigation systems, and other devices used in transportation
systems. Except for historical information, this news release may
be deemed to contain forward-looking statements that involve risks
and uncertainties. The Company's actual results could differ
materially from those discussed in this release. Factors that could
cause or contribute to such differences include, but are not
limited to, the Risk Factors discussed from time to time in the
Company's reports to the Securities and Exchange Commission,
including the Company's Annual Report on Form 10-K for fiscal 2004.
DATASOURCE: BEI Technologies, Inc. CONTACT: John LaBoskey, Senior
Vice President/CFO of BEI Technologies, Inc., +1-415-956-4477 Web
site: http://www.bei-tech.com/
Copyright
Bei (NASDAQ:BEIQ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Bei (NASDAQ:BEIQ)
Historical Stock Chart
From Jul 2023 to Jul 2024