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July 31, 2003 BEI TECHNOLOGIES, INC. AWARDED
SECOND PHASE PREDATOR MISSILE ORDER SAN FRANCISCO, CA., July 31, 2003 - BEI Technologies, Inc. (Nasdaq: BEIQ) Systron Donner Inertial Division (SDID) received an award from Lockheed Martin Missiles and Fire Control for the second phase Low Rate Initial Production (LRIP II) of MEMS quartz rate sensors for the Predator Missile program. The LRIP II order is for more than 1,200 rate sensors, valued in excess of $1.0 million, with deliveries scheduled in calendar year 2003. The Predator Missile is a shoulder-fired anti-tank weapon developed for the Marine Corps by Lockheed Martin Missiles and Fire Control using three rate sensors per missile. Systron Donner Inertial Division supplied MEMS rate sensors for the Engineering Manufacturing Development phase and LRIP I portions of the program, and has been working with Lockheed Martin on the Predator program for over 10 years. Full rate production of the Predator missile is anticipated to last through 2009. Mark Chamberlain, Director of Marketing and Sales of Systron Donner Inertial Division commented, "We are extremely proud to be the gyro supplier to Lockheed Martin for the Predator missile program. This key program win is further evidence of our strategy to leverage low cost automotive MEMS into aerospace and defense markets." BEI Technologies, Inc. ("the Company" or "Technologies") is an established manufacturer of electronic sensors, motors, actuators and motion control products used for factory and office automation, medical equipment, military, aviation and space systems. In addition, sales to manufacturers of transportation equipment including automobiles, trucks and off-road equipment have become a significant addition to the Company's business in recent years. The Company's micromachined quartz yaw rate sensors are being used in advanced vehicle stability control systems and a significant increase in the production of those sensors had been in progress from the middle of 1998 to FY 2003 except for a decrease in production in fiscal 2002 due to increased competition. The Company is currently transitioning to its next generation of automotive inertial quartz based sensor products, remotely mounted multi-sensor clusters with can bus and a multi rate sensor package suitable for incorporation into electronic systems modules. The Company also manufactures electronic steering wheel position sensors, seat-memory modules, throttle position sensors, pressure sensors, and other devices used in transportation systems. GyroChip and MotionPak are registered trademarks of the Company. BEI Systron Donner Inertial is an operating division of BEI Technologies, Inc. Except for historical information, this news release may be deemed to contain forward-looking statements that involve risks and uncertainties, including statements with respect to future timely development, acceptance and pricing of new products; potential impact of competitive products and their price; the ability to manufacture products in sufficient volume on an efficient and timely basis; general economic conditions as they affect the Company's customers and strategic partners, as well as other risks detailed from time to time in the Company's reports to the Securities and Exchange Commission, including the Company's Form 10-K for fiscal 2002. All trademarks are properties of their respective companies. For further information,
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