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HEI SELECTED AS PRIMARY VENDOR

 MINNEAPOLIS, Nov. 5 /PRNewswire/ -- HEI (NASDAQ-NMS: HEII) announced that it has been notified by its largest current customer, a major disk drive manufacturer, of its selection as the primary domestic supplier of an ultraminiature ceramic-on-flex device for use in high density disk drives, representing the continuation of a program initiated over two years ago on a multiple source basis.
 "We experienced an extended build up of shipments to this account over the past two years," stated Jerald Mortenson, vice president of finance and administration, "and, as is rather common after such rapid initial build-ups, shipments have been reduced for the past few months. As indicated in our recent year-end release, we anticipate first quarter fiscal 1994 revenues to be approximately $3 million," he said, "and the reduced revenue is likely to produce substantially less net income than the first quarter last year, as one result.
 "Our selection as the primary source, however, is a very positive change from our previous status," said Mortenson. "While schedules for this product have not yet been established beyond the first quarter of fiscal 1994, we currently anticipate increased shipments above current levels, particularly during the second half of fiscal 1994," he stated. "This expectation, plus favorable early reactions from HEI's prospects in the medical instrumentation market in response to capacity and capability enhancements added over the past year, give us reason to view our future growth opportunities with optimism," stated Mortenson.
 HEI is a Minnesota-based company specializing in the design and manufacture of ultraminiature thick film microelectronic devices, and high technology products incorporating those devices. The company's stock trades on the NASDAQ National Market System under the symbol HEII.
 -0- 11/5/93
 /CONTACT: Jerald H. Mortenson, chief financial officer, of HEI, 612-443-2500/
 (HEII)


CO: HEI Inc. ST: Minnesota IN: CPR SU:

AL-DS -- MN002 -- 1141 11/05/93 10:01 EST
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Publication:PR Newswire
Date:Nov 5, 1993
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