Measurement Specialties Announces Agreement with Mykrolis to Supply Pressure Transducers
February 17 2005 - 2:48PM
PR Newswire (US)
Measurement Specialties Announces Agreement with Mykrolis to Supply
Pressure Transducers FAIRFIELD, N.J., Feb. 17
/PRNewswire-FirstCall/ -- Measurement Specialties, Inc. (AMEX:MSS)
and Mykrolis Corporation (NYSE: MYK; Billerica, MA) have announced
a sourcing agreement in which Measurement Specialties will
manufacture the Mykrolis SolidSense(R) II pressure transducers
which are used in high-purity semiconductor manufacturing.
According to Tom Scarborough, Product Manager at Mykrolis, the
combination of Mykrolis' proprietary high-purity absolute pressure
design and the MSS Microfused(TM) sensor technology will provide
Mykrolis's customers with superior performance and value. "The
improved long-term stability of the transducer reduces the need for
adjustments and preventative maintenance, eliminating downtime for
our customers," said Scarborough. "This has been an ideal
relationship for MSS from the very start," noted Glen MacGibbon,
Director of Global Sales and Marketing. "By working with an
established leader in the semiconductor industry, we have been able
to address the needs of a new market by exploiting one of our core
sensing technologies. From a manufacturing perspective, the product
is synergistic with existing production lines and offers
significant opportunity in the future. This is a good example of a
partnership yielding a win-win for supplier and customer." Mykrolis
and MSS are evaluating other opportunities where their technologies
are synergistic and may yield future benefits. Mykrolis develops
and manufactures liquid and gas delivery systems, components and
consumables used to precisely measure, deliver, control and purify
the liquids and gases used in the semiconductor manufacturing
process. In addition, the company's products are used to
manufacture a range of other products, such as flat panel displays,
high purity chemicals, photoresists, solar cells, gas lasers,
optical and magnetic storage devices and fiber optic cables.
Measurement Specialties, Inc. designs and manufactures sensors and
sensor-based consumer products. The Sensor division, also known as
MSI Sensors, produces a wide variety of sensors and transducers to
measure precise ranges of physical characteristics such as
pressure, motion, force, displacement, tilt, flow and humidity. MSI
Sensors uses multiple advanced technologies -- including
piezoresistive, electro-optic, electro-magnetic, capacitive,
application specific integrated circuits (ASICs),
micro-electromechanical systems (MEMS), piezoelectric polymers and
strain gauges -- to engineer sensors that operate precisely and
cost effectively. This release includes forward looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities and Exchange Act of
1934, as amended, including but not limited to, statements
regarding non-recurring expenses, and resolution of pending
litigation. Forward looking statements may be identified by such
words or phases "should," "intends," "expects," "will," "continue,"
"anticipate," "estimated," "projected," "may," "we believe,"
"future prospects," or similar expressions. The forward-looking
statements above involve a number of risks and uncertainties.
Factors that might cause actual results to differ include, but are
not limited to, success of any reorganization; ability to raise
additional funds; conditions in the general economy and in the
markets served by the Company; competitive factors, such as price
pressures and the potential emergence of rival technologies;
interruptions of suppliers' operations affecting availability of
component materials at reasonable prices; timely development and
market acceptance, and warranty performance of new products;
success in integrating acquired businesses; changes in product mix,
costs and yields, fluctuations in foreign currency exchange rates;
uncertainties related to doing business in Hong Kong and China; and
the risk factors listed from time to time in the Company's SEC
reports. The Company from time-to-time considers acquiring or
disposing of business or product lines. Forward-looking statements
do not include the impact of acquisitions or dispositions of
assets, which could affect results in the near term. Actual results
may differ materially. The Company assumes no obligation to update
the information in this issue. Company Contact: Frank Guidone, CEO,
973 808-3020 Investor Contact: Daniel Boutcher, 972 239-2878
DATASOURCE: Measurement Specialties, Inc. CONTACT: Company - Frank
Guidone, CEO of Measurement Specialties, Inc., +1-973 808-3020, or
Investors - Daniel Boutcher for Measurement Specialties, Inc.,
+1-972 239-2878 Web site: http://www.msiusa.com/
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