Badger Meter Sells Natural Gas Instrumentation Product Line.MILWAUKEE--(BUSINESS WIRE)--Sept. 14, 1999-- Badger badger, name for several related members of the weasel family. Most badgers are large, nocturnal, burrowing animals, with broad, heavy bodies, long snouts, large, sharp claws, and long, grizzled fur. Meter, Inc. (AMEX AMEX See: American Stock Exchange :BMI BMI body mass index. BMI abbr. body mass index Body mass index (BMI) A measurement that has replaced weight as the preferred determinant of obesity. ) today announced the sale of its natural gas instrumentation instrumentation, in music: see orchestra and orchestration. instrumentation In technology, the development and use of precise measuring, analysis, and control equipment. product line to Instromet, Inc. of Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the . Terms of the transaction were not disclosed. Prior to the sale, Badger Meter and Instromet were equal partners in a joint venture to sell natural gas meters and instrumentation equipment. As part of the transaction, Badger Meter will receive royalties on the future sales of products as a result of the assignment of its intellectual property rights and will provide engineering and administrative services on an as-needed basis over the next few months. "The sale of this product line enables us to focus our personnel and resources on our core business of liquid flow measurement as we continue to move forward with our long-term growth strategy," said James L. Forbes, chairman and chief executive officer of Badger Meter. "As a worldwide leader in natural gas instrumentation, Instromet is in a position to grow this business and maximize the technologies marketed through the joint venture." Products in the natural gas instrumentation product line measure the energy content and energy flow of natural gas and blend propane propane, CH3CH2CH3, colorless, gaseous alkane. It is readily liquefied by compression and cooling. It melts at −189.9°C; and boils at −42.2°C;. gas and air for customers including pipeline companies, transportation companies, natural gas utilities and large users of natural gas. Badger Meter is a leading marketer and manufacturer of products using flow measurement and control technology serving industrial and utility markets worldwide. Additional information on Badger Meter is available at www.badgermeter.com. |
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