Boeing Vertol Helicopter To Use Revere Transducers Torque Sensor
10 July 2000
Boeing Vertol Helicopter To Use Revere Transducers Torque Sensor
TUSTIN, Calif.--July 10, 2000--SI Technologies, Inc. , which designs, manufactures and markets high-performance industrial sensors, weighing and factory automation equipment and systems, today announced that its Revere Transducers subsidiary has received a significant order from the United States Government for sensors to be used on the Boeing Vertol Helicopter, a heavy-lift H64 used by all U.S. military services.The sensor measures the force placed on the rear rotor blades and sends a signal to the cockpit in the event of any transmission problems.
"This component is flight critical to the operation of these military helicopters," stated Marv Moist, director of engineering at Revere Transducers. "Revere possesses the workmanship and sensor technology necessary to ensure a quality product which can withstand the many environmental stress factors encountered in the real world of flight. We are proud that Revere is the only approved vendor which meets the stringent requirements of this application."
"Revere's expertise in sensor technology and its reputation for outstanding product quality has supported the company's role as a supplier to the U.S. military for many years," commented Rick A. Beets, president and chief executive officer of SI Technologies, Inc. "As an innovator of specialized products, Revere works closely with prime contractors in the design and development of equipment capable of meeting the state-of-the-art needs of today's modern defense agencies."
SI Technologies, Inc. is a rapidly growing designer, manufacturer and marketer of high-performance industrial sensors, weighing and factory automation equipment and systems. Its proprietary products enjoy leading positions in their respective markets, while sharing common technologies, manufacturing processes, and customers. Recent acquisitions have diversified the Company's revenue base and positioned SI Technologies as a consolidator of technologies, products and companies which are involved in the handling, measurement and inspection of goods and materials. SI Technologies' products are used throughout the world in a variety of industries, including aerospace, aviation, food processing and packaging, forestry, manufacturing, mining, transportation, warehousing/distribution, and waste management. The Company is headquartered in Tustin, California, and its common stock trades on Nasdaq under the symbol "SISI".
This press release includes statements which may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products in the marketplace, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.