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Control Devices, Inc. Declares Cash Dividend

22 October 1998

Control Devices, Inc. Declares Cash Dividend

    STANDISH, Maine--Oct. 21, 1998---Control Devices, Inc. today announced that its Board of Directors declared a planned quarterly cash dividend of two cents ($0.02) per common share, payable on or about December 18, 1998 to shareholders of record as of November 27, 1998. Currently, the Company has approximately 8.3 million shares outstanding.
    Control Devices is a leading supplier of automatically resetting circuit breakers and sensors, to the automotive market, and of glass enclosed circuit breakers to the appliance market. In addition the Company also supplies electronic ceramics to the wireless cellular and PCS telecommunications market. In Europe the Company distributes automotive and electronic components through its subsidiary, RDI. The Company supplies its products to major OEM manufacturers such as GM, Ford, Mercedes, Chrysler, Volkswagen, Danfoss and Peugeot. Control Devices, whose corporate headquarters are in Standish, Maine, also has operations in Caribou, Maine; Southfield, Michigan; Villepinte, France; and the Dominican Republic.