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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/