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TAYLOR DEVICES INC. REPORTS SIX MONTHS RESULTS

 NORTH TONAWANDA, N.Y., Feb. 2 /PRNewswire/ -- Taylor Devices, Inc. (NASDAQ: TAYD), today reported lower sales and earnings in the six months ended Nov. 30, 1992.
 "In this period of economic uncertainty," said Douglas Taylor, president, "and with a change of administration, it has been our experience that customers tend to delay new projects. But, even though commercial sales have been relatively flat, we have continued to plow more dollars into research, thus accounting for a small fall-off in earnings.
 "The future continues to look bright," Mr. Taylor stated, "and as I said at the annual meeting last November, we have over $10 million out on bids for our commercial earthquake isolators alone, not counting a substantial number of bids pending on a new damper system for a ring laser navigator designed to replace the venerable gyroscope. Our defense and aerospace business remains firm. Our backlog is steady at about $2.5 million."
 TAYLOR DEVICES, INC.
 Six months ended Nov. 30 (A) 1992 1991
 Net sales $2,938,646 $3,008,424
 Net income $ 122,290 $ 166,506
 Earnings per share $.05 $.07
 Shares outstanding 2,527,893 2,507,880
 (A) -- Comparable 1992-1991 second quarter figures are not available due to the fact Taylor Devices now reports consolidated results including results from its three affiliates, Tayco Developments, Tayco Technologies and Tayco Realty.
 -0- 2/2/93
 /CONTACT: Douglas P. Taylor, president, or Kenneth Bernstein, controller of Taylor Devices, 716-694-0800/
 (TAYD)


CO: Taylor Devices, Inc. ST: New York IN: SU: ERN

GK-OS -- NY051 -- 1847 02/02/93 11:44 EST
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Publication:PR Newswire
Date:Feb 2, 1993
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