Control Devices, Inc. Declares Cash Dividend.STANDISH, Maine--(BUSINESS WIRE)--Feb. 12, 1999--Control Devices, 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 , SNSR) today announced that its Board of Directors declared a planned quarterly cash dividend of two cents ($.02) per common share, payable on March 19, 1999 to shareholders of record as of February 26, 1999. Currently, the Company has approximately 8.3 million shares outstanding. Control Devices is a leading supplier of automatically resetting circuit breakers Circuit breakers Measures instituted by exchanges to stop trading temporarily when the market has fallen by a certain percentage in a specified period. They are intended to prevent a market free fall by permitting buy and sell orders to rebalance. and sensors, to the automotive market, and of glass enclosed circuit breakers to the appliance market. In addition the Company also supplies electronic ceramics to the wireless cellular and PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. telecommunications market. In Europe the Company distributes automotive and electronic components through its subsidiary, RDI RDI - Receiver Data Interface . The Company supplies its products to major OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and manufacturers such as GM, Ford, Mercedes, Chrysler, Volkswagen, Danfoss and Peugeot. Control Devices, whose corporate headquarters are in Standish, Maine, also has operations in Caribou, Maine; Southfield, Michigan; Villepinte, France; and the Dominican Republic. |
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