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SCIENTIFIC MEASUREMENT SYSTEMS ANNOUNCES AGREEMENT WITH U.S. GOVERNMENT

 SCIENTIFIC MEASUREMENT SYSTEMS ANNOUNCES
 AGREEMENT WITH U.S. GOVERNMENT
 AUSTIN, Texas, Nov. 12 /PRNewswire/ -- Scientific Measurement Systems, Inc. (SMS) (NASDAQ: SCMS) today announced that the company has reached an agreement with the U.S. Government whereby the Government agreed to rescind a default termination of a classified contract issued in May 1991 and to pay Scientific Measurement Systems, Inc. $300,000 in addition to $925,000 already paid to the company by the Government.
 Dr. Larry Secrest, SMS president and CEO, said that he was pleased with the result and considered the settlement to be very favorable to the company. He added that it would allow the company to focus on its primary task of manufacturing and world-wide marketing of its Advanced Industrial X-ray TOMOGRAPHY (CAT-SCAN) and Industrial Gaging Systems.
 -0- 11/12/92
 /CONTACT: Dr. Larry Secrest, president and CEO, 512-837-4712, or George Edwards, vice president, 512-837-4712, both of Scientific Measurement Systems, Inc./
 (SCMS) CO: Scientific Measurement Systems, Inc. ST: Texas IN: SU:


TS -- NY055 -- 0191 11/12/92 12:44 EST
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Publication:PR Newswire
Date:Nov 12, 1992
Words:173
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