Measurement Specialties Announces New Board Member

Dec 18, 2002, 00:00 ET from Measurement Specialties

    FAIRFIELD, N.J., Dec. 18 /PRNewswire-FirstCall/ --
 Measurement Specialties (Amex:   MSS) today announced Frank Guidone, the Chief
 Executive Officer, has been added to the board of directors.  Mr. Guidone was
 appointed CEO in June 2002, after he was retained to lead the Company's
 restructuring efforts.
     "I am very pleased with our progress and excited about the prospects of
 the Company", commented Guidone.  "I look forward to continuing and expanding
 my involvement with the Company at the board level."
     Measurement Specialties is a designer and manufacturer of sensors, and
 sensor-based consumer products.  Measurement Specialties produces a wide
 variety of sensors that use advanced technologies to measure precise ranges of
 physical characteristics, including pressure, motion, force, displacement,
 angle, flow, and distance.  Measurement Specialties uses multiple advanced
 technologies, including piezoresistive, application specific integrated
 circuits (ASICs), micro-electromechanical systems (MEMS), piezopolymers, and
 strain gages to allow their sensors to 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, including but not limited to,
 statements regarding the continued production of current product lines.
 Forward-looking statements may be identified by such words or phases as
 "intends", "are expected to", "will continue", "is anticipated", "estimated",
 "projected", "may", "continued listing on the exchange", "we believe", "future
 prospects", "continue to make solid progress", "return the Company to
 profitability" 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; consummation of any contemplated sale of assets; ability to
 raise additional funds; the outcome of the class action lawsuits filed against
 the Company; the outcome of the current SEC investigation of the Company;
 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 is involved in an announced
 active disposition program.  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.
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SOURCE Measurement Specialties