Measurement Specialties Reaches New Employment Agreement with CEO Frank Guidone
HAMPTON, Va., April 10 /PRNewswire-FirstCall/ -- Measurement Specialties (Nasdaq: MEAS) announced today it has entered into an employment agreement with Frank Guidone, Chief Executive Officer of the company, which will change his status to that of permanent employee. Since June 2002 Mr. Guidone has been serving as the Company's CEO through a consulting arrangement with Four Corners Capital Partners, LP, an investment partnership of which he is a principal. Mort Topfer, Chairman of the Board of Directors, stated: "We are very pleased to reach this employment agreement with Frank Guidone at this time. Measurement Specialties is in the midst of a significant growth phase, of which Frank is the principal architect. There is much work yet to do, and we are pleased he will continue to be at the helm for the foreseeable future." 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, force, vibration, position, humidity, temperature 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. Contact: Frank Guidone, CEO (757) 766-4400 Boutcher & Boutcher Investor Relations Aimee Boutcher or Daniel Boutcher (973) 239-2878
SOURCE Measurement Specialties
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