BEI Technologies Declares Quarterly Dividend
November 18 2004 - 3:17PM
PR Newswire (US)
BEI Technologies Declares Quarterly Dividend SAN FRANCISCO, Nov. 18
/PRNewswire-FirstCall/ -- The Board of Directors of BEI
Technologies, Inc. (NASDAQ:BEIQ) today announced its twenty-ninth
consecutive quarterly dividend. The dividend of one cent per share
was declared effective November 17, 2004, and is payable on
December 15, 2004 to stockholders of record as of December 1, 2004.
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 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, inertial
navigation systems, 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 Web site: http://www.bei-tech.com/
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