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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/