Printer Friendly

BG&E WITHDREW ITS CLAIM AGAINST PACIFIC SCIENTIFIC CO.

 NEWPORT BEACH, Calif., June 3 /PRNewswire/ -- Pacific Scientific Co. (NYSE: PSX) said today that Baltimore Gas and Electric Co. has withdrawn its complaint against the company, filed last month.
 The complaint involved a product warranty claim for load management switches, delivered in 1989 and 1990. The on-going discussions between the two companies involve the purchase of a new product and the exchange of the previously delivered units. The company said its warranty reserves are adequate to cover this settlement.
 The company designs, manufactures and markets electrical equipment and aircraft safety equipment. The principal markets served include factory and office automation, commercial and military aircraft, electrical utilities, semiconductor manufacturers and pharmaceutical companies.
 -0- 6/3/93
 /CONTACT: Richard V. Plat of Pacific Scientific, 714-720-1714; or Joseph Allen of South Coast Group, 714-731-4341, for Pacific Scientific/
 (PSX)


CO: Pacific Scientific Co.; Baltimore Gas and Electric Co. ST: California IN: CPR SU:

LS-JL -- LA018 -- 4722 06/03/93 07:01 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 3, 1993
Words:158
Previous Article:MAC FRUGAL'S BARGAINS - CLOSE-OUTS INC. REPORTS MAY SALES
Next Article:COUNTRYWIDE LOAN PRODUCTION TOPS $4 BILLION; SERVICING PORTFOLIO RISES TO NEW HIGH OF $64 BILLION
Topics:


Related Articles
PACIFIC SCIENTIFIC ANNOUNCES DIVIDEND
PACIFIC SCIENTIFIC HOLDS ANNUAL MEETING
PACIFIC SCIENTIFIC HOLDS ANNUAL MEETING
PACIFIC SCIENTIFIC'S FISHER PIERCE DIVISION RECEIVES SIGNIFICANT ORDER FROM SOUTHERN CALIFORNIA EDISON
PACIFIC SCIENTIFIC SETTLES LITIGATION
PACIFIC SCIENTIFIC CO. FORMS AUTOMATION TECHNOLOGY GROUP
Pacific Scientific Company Receives A Class Action Complaint
Pacific Scientific Company Receives a Second Class Action Complaint
Pacific Scientific Company Receives Complaint From Shareholders
Pacific Scientific Company Receives Complaint From Shareholders

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters