Special Devices, Inc. Announces Strong Growth in Bookings
29 September 1999
Special Devices, Inc. Announces Strong Growth in BookingsMOORPARK, Calif., Sept. 28 -- Special Devices, Inc. (SDI), a leading designer and manufacturer of highly reliable, precision-engineered pyrotechnic devices for the aerospace and automotive industries, announced a significant increase in aerospace bookings for the nine-month fiscal year, 1999. Bookings for the company have increased nearly 200% over the same nine months in 1998. Aerospace sales for this third quarter were at record levels, 25% above the third quarter last year. Andrew Bonas, Vice President of Aerospace Operations, attributes the success to "streamline manufacturing and touch labor efficiencies." He added, "It's an exciting time here at SDI Aerospace. Development continues on five new Delta IV products with three at or near development completion." In other news, the company's automotive division has secured new business contracts for its micro-gas generator (MGG) line of products. One of its largest customers has informed SDI that it will be the majority supplier in North America of MGG's for its seat belt pretensioners. The contracts represent an important program win for the division. John Walsh, Vice President of Marketing and Programs, commented, "These contracts give SDI the potential for an increased presence in the international arena while helping us maintain our dominant position in the domestic market." MGG's are a key component in seat belt pre-tensioning devices for automobiles. The MGG's are for a number of North American automotive customers. Special Devices, Inc. (SDI) is a leading designer and manufacturer of highly reliable, precision-engineered pyrotechnic devices for the aerospace and automotive industries. The Company is dedicated to supplying its customers with products that meet their stringent requirements while maintaining the highest level of quality, reliability and innovation. SDI is a privately held corporation whose principle shareholders are affiliates of J. F. Lehman & Company. For more information regarding SDI, contact 805-553-1200. This release contains forward-looking statements relating to business growth at SDI. These forward-looking statements are based on current expectations and involve various risks and uncertainties that may cause actual results to differ materially from those contemplated by such forward-looking statements. SDI undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.