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BEI Technologies, Inc. Announces Systron Donner Inertial Division
C-MIGITS III Selected for NovaSol ARCHER Imaging System
SAN FRANCISCO, Jan. 6 /PRNewswire-FirstCall/ -- BEI Technologies, Inc.
(NASDAQ:BEIQ), an established manufacturer of electronic sensors and motion
control products is pleased to is pleased to announce that BEI's Systron Donner
Inertial Division (SDID) in Concord, California has been awarded a $400k
contract to supply its C-MIGITS III INS/GPS for NovaSol, Inc.'s ARCHER airborne
hyperspectral imaging system. NovaSol is contracted to deliver 17 systems to
the Civil Air Patrol (CAP) who will use the system in Search and Rescue (SAR)
and disaster management missions.
ARCHER is the first broad application of high-tech airborne imaging systems in
civilian aircraft to enhance the CAP's mission capabilities. NovaSol is
providing airborne and ground station components to be used on CAP aircraft.
The systems will collect hyperspectral and high resolution panchromatic data
for real-time and post-flight processing and analysis. Archer will be deployed
at all wings of the CAP across the nation.
SDID's C-MIGITS III provides GPS corrected inertial data that is used to
geo-rectify the real-time hyperspectral image. The ARCHER system uses the
C-MIGITS III navigation outputs to pinpoint the location of objects such as
persons in need of assistance, fire hotspots or oil spills on lakes and rivers.
The C-MIGITS III features an inertial navigation system (INS) with three of
SDID's patented quartz rate sensors and three vibrating quartz accelerometers
tightly coupled with a 12 channel Jupiter C/A code GPS receiver.
"NovaSol chose the C-MIGITS III INS because it produces attitude and location
measurements at the required rates and accuracies for precision
geo-registration of airborne HSI data," said Detlev Even, NovaSol's ARCHER
program manager and director of ISR sensors. "We like the C-MIGITS'
compactness, reliability, and well documented data interface. Integrating
C-MIGITS with the ARCHER system proved to be straightforward, and enabled
NovaSol to adhere to an aggressive development schedule."
"We are pleased to receive this important order from NovaSol," commented Brad
Smith, Vice President & General Manager of BEI Systron Donner Inertial
Division. "This award aligns with our strategy for growth through the supply
of GPS/INS systems for emerging markets such as airborne imaging and unmanned
vehicles."
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.
NovaSol, a six-year-old firm headquartered in Honolulu, Hawaii, provides
turnkey imaging and navigation solutions to government and industry. NovaSol
specializes in the development and fabrication of visible and near-infrared
hyperspectral imaging (HSI) systems. Applications for these systems range from
surveillance, tracking, agriculture, homeland defense, and environmental
monitoring to search and rescue, military reconnaissance, and urban planning.
NovaSol was recently named to the 2004 Inc.500 list, based on average annual
sales growth. The company, which has more than 80 employees and, in 2003,
$11.8 million in revenue, was cited for its 94 percent annual growth and 376
percent total growth. NovaSol is the first company to make this list in Hawaii
in 15 years.
Except for historical information, this news release may be deemed to contain
forward-looking statements that involve risks and uncertainties, including
statements with respect to future timely development, acceptance and pricing of
new products; potential impact of competitive products and their price; the
ability to manufacture products in sufficient volume on an efficient and timely
basis; general economic conditions as they affect the Company's customers and
strategic partners, as well as other risks detailed from time to time in the
Company's reports to the Securities and Exchange Commission, including the
Company's Form 10-K for fiscal 2004.
DATASOURCE: BEI Technologies, Inc.
CONTACT: John LaBoskey, Senior Vice President/CFO, of BEI Technologies,
Inc., 415-956-4477
Web site: http://www.bei-tech.com/