BEIQ Bei Technologies (MM)

BEI Technologies Declares Quarterly Dividend SAN FRANCISCO, Aug. 17 /PRNewswire-FirstCall/ -- The Board of Directors of BEI Technologies, Inc. (NASDAQ:BEIQ) today announced its twenty-eighth consecutive quarterly dividend. The dividend of one cent per share was declared effective August 17, 2004, and is payable on September 17, 2004 to stockholders of record as of September 1, 2004. BEI Technologies, Inc. (the "Company" or "Technologies") is an established manufacturer of electronic sensors, motors, actuators, optical encoders 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 FY 2004 except for a decrease in production in fiscal 2002 due to increased competition. The Company is currently transitioning to its next generation of automotive inertial quartz based sensor products, remotely mounted multi-sensor clusters with CAN Bus and a multi rate sensor package suitable for incorporation into electronic systems modules. The Company also manufactures electronic steering wheel position sensors, seat-memory modules, throttle position sensors, pressure sensors, and other devices used in transportation systems. DATASOURCE: BEI Technologies, Inc. CONTACT: John LaBoskey, Senior Vice President/CFO of BEI Technologies, Inc., +1-415-956-4477, or http://www.bei-tech.com/ Web site: http://www.bei-tech.com/

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