EX-99.1
2
v033486_ex99-1.htm
Unassociated Document
Exhibit
99.1
Contact:
Frank
Guidone, CEO
(757)
766-4400
Boutcher
&
Boutcher
Investor
Relations
Aimee
Boutcher or Daniel Boutcher
(973)
239-2878
FOR
IMMEDIATE RELEASE
Measurement
Specialties Closes on Acquisition of ATEX, Motorsport Sensor
Specialist
Hampton,
Virginia, January 20, 2006
-
Measurement
Specialties, Inc. (NASDAQ: MEAS), a designer and manufacturer of sensors and
sensor-based systems, announced today that the acquisition of ATEX, a sensor
company based outside of Paris, France, closed yesterday under terms announced
December 5, 2005. All outstanding shares of ATEX stock were acquired for 2.7
million euro. As part of the transaction, Measurement Specialties acquired
approximately 0.5 million euro cash on the balance sheet. The owners also have
potential for up to an additional 1.6 million euro in an earn out tied
to three-year growth objectives.
Founded
in 2000, ATEX specializes in providing vibration sensors to the Formula One
racing market. For calendar 2005, ATEX had annual revenues of approximately
1.5
million euro, with customers predominantly in Europe.
#
#
#
About
Measurement Specialties
.
Measurement
Specialties, Inc. designs
and manufactures sensors
and sensor-based systems. The
Company produces a wide variety of sensors and transducers to measure precise
ranges of physical characteristics such as pressure, force, vibration, position,
humidity and photo optics. Measurement Specialties uses multiple advanced
technologies - including piezoresistive, electro-optic, electro-magnetic,
capacitive, application specific integrated circuits (ASICs),
micro-electromechanical systems (MEMS), piezoelectric polymers and strain gauges
- to engineer sensors that operate precisely and cost
effectively.
Company
Contact: Frank Guidone, CEO, (757) 766-4400
Investor
Contact: Aimee Boutcher or Daniel Boutcher, (973) 239-2878

EX - 99 . 1 2 v033486 _ ex99 - 1 . htm Un associated Document Exhibit 99 . 1 Contact : Frank Guidone , CEO ( 757 ) 766 - 4400 Boutcher & Boutcher Investor Relations Aimee Boutcher or Daniel Boutcher ( 973 ) 239 - 2878 FOR IMMEDIATE RELEASE Measurement Specialties Closes on Acquisition of ATEX , Motorsport Sensor Specialist Hampton , Virginia , January 20 , 2006 - Measurement Specialties , Inc . ( NASDAQ : MEAS ) , a designer and manufacturer of sensors and sensor - based systems , announced today that the acquisition of ATEX , a sensor company based outside of Paris , France , closed yesterday under terms announced December 5 , 2005 . All outstanding shares of ATEX stock were acquired for 2 . 7 million euro . As part of the transaction , Measurement Specialties acquired approximately 0.5 million euro cash on the balance sheet . The owners also have potential for up to an additional 1.6 million euro in an earn out tied to three - year growth objectives . Founded in 2000 , ATEX specializes in providing vibration sensors to the Formula One racing market . For calendar 2005 , ATEX had annual revenues of approximately 1 . 5 million euro , with customers predominantly in Europe . # # # About Measurement Specialties . Measurement Specialties , Inc . designs and manufactures sensors and sensor - based systems . The Company produces a wide variety of sensors and transducers to measure precise ranges of physical characteristics such as pressure , force , vibration , position , humidity and photo optics . Measurement Specialties uses multiple advanced technologies - including piezo resistive , electro - optic , electro - magnetic , capacitive , application specific integrated circuits ( ASICs ) , micro - electromechanical systems ( MEMS ) , piezoelectric polymers and strain gauges - to engineer sensors that operate precisely and cost effectively . Company Contact : Frank Guidone , CEO , ( 757 ) 766 - 4400 Investor Contact : Aimee Boutcher or Daniel Boutcher , ( 973 ) 239 - 2878
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