Bei (NASDAQ:BEIQ)
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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/