SI Technologies Awarded U.S. Military Contract for Aircraft Load Adjuster.Business & High Tech Editors TUSTIN, Calif.--(BUSINESS WIRE)--May 22, 2000 SI Technologies, Inc. (Nasdaq: SISI SISI short increment sensitivity index. ), which designs, manufactures and markets high-performance industrial sensors, weighing and factory automation equipment and systems, and related products, today announced 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, Inc. business unit has received a significant order from a division of the United States Navy United States Navy Major branch of the U.S. military forces, charged with defending the nation at sea and maintaining security on the seas wherever U.S. interests extend. The Continental Navy was established by the Continental Congress in 1775. for its Load Adjuster product line. The Load Adjuster is a slide-rule type device that allows the pilot to manually compensate for load variances during flight, enabling them to recalculate re·cal·cu·late tr.v. re·cal·cu·lat·ed, re·cal·cu·lat·ing, re·cal·cu·lates To calculate again, especially in order to eliminate errors or to incorporate additional factors or data. the aircraft's center-of-gravity, a critical factor in flight. "Revere has a long-standing relationship with the U.S. military and is recognized as one of the creators of modern aircraft weighing systems," stated Rick Beets, President and Chief Executive Officer of SI Technologies, Inc. "The ability of a navy pilot to determine the weight and balance characteristics of his aircraft, and to respond to changes which occur during the course of a flight, is critically important to the success of many types of missions. As a supplier of load cells and other components of aircraft weighing systems, Revere is proud of its role as a supplier to military aviation organizations." SI Technologies, Inc. designs, manufactures and markets high-performance industrial sensors, weighing and factory automation systems and related products. Recent acquisitions have diversified the Company's revenue base and positioned SI Technologies as an integrator of technologies, products and companies within the $70 billion industrial measurement and automation industries. The Company's goal is to become a global provider of devices, equipment and systems for the handling, inspection and measurement 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. , forestry, manufacturing, mining, transportation/distribution and waste management. The Company is headquartered in Tustin, California, and its common stock is traded on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (R) under the symbol "SISI". Any forward-looking statements in this release 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. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including but not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, new products and technological developments, dependence upon third-party vendors and uncertainties related to customer purchases, and other risks detailed from time to time in the Company's periodic report filings with the Securities and Exchange Commission. |
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