HAMPTON, Va., June 24, 2011 (GLOBE NEWSWIRE) -- Measurement Specialties, Inc. (Nasdaq:MEAS), a global designer and manufacturer of sensors and sensor-based systems, announced today that on June 23, 2011 it was awarded the R&D Technology Certification along with three million RMB of 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.
Alice Chen, Company General Manager of Asia Operations, commented, "We are very proud to be one of 22 companies to receive this prestigious certification and funding this year. In addition to the three million RMB, we will be eligible for an additional two million RMB of funding after the two-year investment period if we achieve recertification as an 'outstanding performer' by the Shenzhen government. We continue to demonstrate our leadership position in sensing technology and we are pleased to receive this recognition for our continued investment in engineering, research and development."
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, temperature, position, force, vibration, humidity and photo optics. MEAS uses multiple advanced technologies – 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 – to engineer sensors that operate precisely and cost effectively.