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UNIVERSAL VOLTRONICS ANNOUNCES THIRD QUARTER RESULTS

 UNIVERSAL VOLTRONICS ANNOUNCES THIRD QUARTER RESULTS
 MT. KISCO, N.Y., Nov. 5 /PRNewswire/ -- Universal Voltronics Corp.


(AMEX: UVL) today reported revenues of $1,321,000 for the quarter ended Sept. 28, 1991, compared with $1,914,000 for the quarter ended Sept. 30, 1990. Net loss was $362,000 for the current quarter, compared with net income of $181,000 for the same quarter last year.
 "Our revenues over the past nine months have been affected by the downturn in the semiconductor and automotive industries," said Barry Ressler, president and chief executive officer of Universal Voltronics. "To help offset the decline in commercial revenues, we are aggressively pursuing several government-sponsored research contracts."
 Universal Voltronics designs and manufactures high-voltage power conversion systems for scientific and energy research, industrial, medical, and defense applications. Universal Voltronics is a subsidiary of Thermedics Inc. (AMEX: TMD) and Thermo Electron Corporation (NYSE: TMO).
 Universal Voltronics Corp. Financial Highlights
 Three Months Ended Nine Months Ended
 9/28/91 9/30/90 9/28/91 9/30/90
 Revenues $1,321,000 $1,914,000 $4,688,000 $5,765,000
 Income (Loss) before
 provision for income
 taxes and extraordinary
 credit (362,000) 258,000 (330,000) (513,000)
 Income tax provision -- 103,000 9,000 103,000
 Income (loss) before
 extraordinary
 credit (362,000) 155,000 (339,000) (616,000)
 Extraordinary
 credit-tax Loss
 carryforward --- 26,000 8,000 26,000
 Net income (Loss) (362,000) 181,000 (331,000) (590,000)
 Earnings (Loss)
 per share before
 extraordinary credit (.05) .02 (.04) (.11)
 Earnings (Loss)
 per share (.05) .02 (.04) (.10)
 Weighted average
 shares 7,859,000 7,851,000 7,859,000 5,675,000
 -0- 11/5/91
 /CONTACT: John N. Hatsopoulos of Thermo Electron, 617-622-1111/
 (UVL TMO) CO: Thermo Electron ST: Massachusetts IN: SU: ERN KM -- NE007 -- 1096 11/05/91 08:52 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 5, 1991
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