Measurement Specialties’ China operation wins gov funding for R&D

June 24, 2011 – GlobeNewswire via COMTEX — Sensor maker Measurement Specialties Inc. (NQ:MEAS) was awarded the R&D Technology Certification along with RMB3 million funding from the Shenzhen government, to be used by Measurement Specialties (China), Ltd. on capital investments for research and development programs within the next two years.

The company designs and manufactures sensors and sensor-based systems incorporating piezo-resistive silicon sensors, application-specific integrated circuits, micro-electromechanical systems (MEMS), piezoelectric polymers, foil strain gauges, force balance systems, fluid capacitive devices, linear and rotational variable differential transformers, electromagnetic displacement sensors, hygroscopic capacitive sensors, ultrasonic sensors, optical sensors, negative thermal coefficient (NTC) ceramic sensors and mechanical resonators.

22 companies were granted the certification and funding, noted Alice Chen, company general manager of Asia operations. In addition to the three million RMB, Measurement Specialties will be eligible for an additional RMB2 million of funding after the two-year investment period if it achieves recertification as an ‘outstanding performer’ by the Shenzhen government, Chen added.

Measurement Specialties Inc. (MEAS) designs and manufactures sensors and sensor-based systems to measure precise ranges of physical characteristics such as pressure, temperature, position, force, vibration, humidity and photo optics.

This news release was distributed by GlobeNewswire, www.globenewswire.com 

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