HAMPTON, Va., Jan. 8 /PRNewswire-FirstCall/ -- Measurement Specialties, Inc. (NASDAQ:MEAS), a global designer and manufacturer of sensors and sensor- based systems, announced that it revised EPS guidance for Fiscal Year 2008 from $1.25 to $1.15 to $1.20 per diluted share (excluding the expense associated with revaluation of German deferred tax asset). Please see the most recent investor presentation on the Company's website at http://www.meas-spec.com/myMeas/investor/index.asp for more information, which includes information on recent acquisitions and updated guidance for fiscal 2008.
About Measurement Specialties. Measurement Specialties, Inc. (MEAS) designs and manufactures sensors and sensor-based systems to measure precise ranges of physical characteristics such as pressure, temperature, position, force, vibration, humidity and photo optics. MEAS 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.
This release includes forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward looking statements may be identified by such words or phrases "should", "intends", "is subject to", "expects", "will", "continue", "anticipate", "estimated", "projected", "may", "we believe", "future prospects", or similar expressions. The forward- looking statements above involve a number of risks and uncertainties. Factors that might cause actual results to differ include, but are not limited to, success of any reorganization; ability to raise additional funds; conditions in the general economy and in the markets served by the Company; competitive factors, such as price pressures and the potential emergence of rival technologies; interruptions of suppliers' operations affecting availability of component materials at reasonable prices; timely development and market acceptance, and warranty performance of new products; success in integrating prior acquisitions; changes in product mix, costs and yields, fluctuations in foreign currency exchange rates; uncertainties related to doing business in Hong Kong and China; and the risk factors listed from time to time in the Company's SEC reports. The Company from time-to-time considers acquiring or disposing of business or product lines. Forward-looking statements do not include the impact of acquisitions or dispositions of assets, which could affect results in the near term. Actual results may differ materially. The Company assumes no obligation to update the information in this issue.
Company Contact: Mark Thomson, CFO, (757) 766-4224 DATASOURCE: Measurement Specialties, Inc.
CONTACT: Mark Thomson, CFO of Measurement Specialties, Inc., +1-757-766-4224 Web site: http://www.meas-spec.com/
|