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HEI ANNOUNCES REVENUES AND EARNINGS FOR THIRD QUARTER

 HEI ANNOUNCES REVENUES AND EARNINGS FOR THIRD QUARTER
 MINNEAPOLIS, June 3 /PRNewswire/ -- HEI (NASDAQ: HEII) announced


that revenues for its third fiscal quarter, ended May 31, 1992, were approximately $4,011,000, compared to $3,402,707 for the previous quarter of this fiscal year. For its third fiscal quarter last year, HEI reported revenues of $2,251,821, with earnings of $12,271, or $.01 per share.
 According to Jerald Mortenson, HEI vice president of finance and administration, continued strength in orders and shipments has resulted from a general increase in demand for the company's products, including hybrid microelectronic devices for computers.
 "While financial statements for the third quarter are not yet closed, it is anticipated that the higher revenues will have a positive effect on earnings, since fixed costs have not grown in proportion to the increase in revenues," said Mortenson.
 HEI, Inc. is a Minnesota-based company, specializing in ultra- miniature microelectronics, and high technology products incorporating microelectronics. The company's stock trades on the NASDAQ over-the- counter system under the symbol HEII.
 -0- 6/3/92
 /CONTACT: Jerald H. Mortenson of HEI, 612-443-2500/
 (HEII) CO: HEI Inc. ST: Minnesota IN: CPR SU: ERN


AL -- MN008 -- 6582 06/03/92 11:02 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 3, 1992
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