Boeing Vertol Helicopter To Use Revere Transducers Torque Sensor.Business Editors TUSTIN, Calif.--(BUSINESS WIRE)--July 10, 2000 SI Technologies, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : "SISI SISI short increment sensitivity index. "), which designs, manufactures and markets high-performance industrial sensors, weighing and factory automation equipment and systems, today announced that its Revere Revere, city (1990 pop. 42,786), Suffolk co., E Mass., a residential suburb of Boston, on Massachusetts Bay; settled c.1630, set off from Chelsea and named for Paul Revere 1871, inc. as a city 1914. Transducers subsidiary has received a significant order from the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Government for sensors to be used on the Boeing Vertol Helicopter, a heavy-lift H64 used by all U.S. military services. The sensor measures the force placed on the rear rotor blades and sends a signal to the cockpit in the event of any transmission problems. "This component is flight critical to the operation of these military helicopters Military helicopters are helicopters used by military forces. They can be found in a variety of roles in diffferent militaries of which the tactical airlift mission is the most common. ," stated Marv Moist, director of engineering at Revere Transducers. "Revere possesses the workmanship and sensor technology necessary to ensure a quality product which can withstand the many environmental stress factors encountered in the real world of flight. We are proud that Revere is the only approved vendor which meets the stringent requirements of this application." "Revere's expertise in sensor technology and its reputation for outstanding product quality has supported the company's role as a supplier to the U.S. military for many years," commented Rick A. Beets, president and chief executive officer of SI Technologies, Inc. "As an innovator of specialized products, Revere works closely with prime contractors in the design and development of equipment capable of meeting the state-of-the-art needs of today's modern defense agencies." SI Technologies, Inc. is a rapidly growing designer, manufacturer and marketer of high-performance industrial sensors, weighing and factory automation equipment and systems. Its proprietary products enjoy leading positions in their respective markets, while sharing common technologies, manufacturing processes, and customers. Recent acquisitions have diversified the Company's revenue base and positioned SI Technologies as a consolidator of technologies, products and companies which are involved in the handling, measurement and inspection of goods and materials. SI Technologies' products are used throughout the world in a variety of industries, including aerospace, aviation, food processing Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. The food processing industry utilises these processes. and packaging, forestry, manufacturing, mining, transportation, warehousing/distribution, and waste management. The Company is headquartered in Tustin, California Tustin is a city in Orange County, California, United States. As of the 2006 census, the city had a total population of 70,871. The city is located next to the county seat, Santa Ana, and does not include the Tustin Foothills. , and its common stock trades on Nasdaq under the symbol "SISI". This press release includes statements which may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect" or similar expressions. These statements are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products in the marketplace, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. |
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