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3/28/2000
Sensor Industry Leader To Provide Technology For New Web-Enabled CT1 Personal Calorie Tracker
Joseph R. Mallon, Jr., CEO
Kirk J. Dischino, CFO
973-808-1819
Boutcher & Boutcher
Aimee Boutcher
973-239-2878
Stayhealthy.com,
a leader in developing and marketing Web-enabled
clinical-grade products and services that empower consumers
to screen, assess and monitor their health, has signed an
agreement with Measurement Specialties, Inc. (AMEX:MSS) to
supply Stayhealthy.com's new CT1 Personal Calorie Tracker
with Measurement Specialties, Inc.'s accelerometer
technology. John Collins, Chief Executive Officer of
Stayhealthy.com, and Joseph R. Mallon Jr., Chief Executive
Officer of Measurement Specialties, made the announcement
today.
Stayhealthy.com's
initial order, which is valued at $3 million, will be used
in the CT1 Personal Calorie Tracker to be introduced in
June. A simple, easy-to-use device that looks just like a
pager, the CT1 allows users to accurately monitor their
caloric burn by measuring and recording body movement. Using
Measurement Specialties' state-of-the-art multiple axis
piezopolymer accelerometer technology, the CT1 accurately
tracks caloric burn during a particular activity, a specific
time frame or throughout the day.
"Measurement
Specialties Sensor Group has a portfolio of innovative,
enabling sensor technologies, including our piezopolymer
product offerings. The Stayhealthy.com CT1 Personal Calorie
Tracker is a perfect example of providing a cost effective,
high technology solution that allows our customer to create
a new and innovative product," said Mallon. "I am
excited about our relationship with Stayhealthy.com. The
combination of Stayhealthy.com's health oriented Web-based
business model and our expertise in high technology, low
cost, high volume sensors enhances both companies prospects
for growth."
Stayhealthy.com is
leading the development of leading-edge, Web-enabled,
non-invasive, medical-grade products and health tests for
consumers and clinical markets. In addition to the CT1
Personal Calorie Tracker, the company will introduce
consumer products for monitoring vision and colorblindness,
weight and hydration, blood pressure and heart rate, hearing
loss and respiratory function.
"MSI is an
industry leader with innovative technologies that play a
vital role in the ensuring the accuracy and effectiveness of
our products and services," said Collins. "We are
looking forward to including their technology in a wide
variety of web-enabled products from Stayhealthy.com."
Measurement
Specialties, Inc. (AMEX:MSS), located in Fairfield, NJ, is a
high technology, designer, developer and manufacturer of
electronic sensors and sensor-based consumer products. The
company's products include high technology sensors for high
volume industrial applications, body weight, kitchen and
postal scales, electronic tire pressure gauges, and distance
estimators. For more information, contact Measurement
Specialties, Inc. at (973) 808-1819, or visit the MSI Web
site at www.measurementspecialties.com.
Headquartered in
Monrovia, Calif., Stayhealthy.com is a leader in developing
and marketing cost-effective, accurate Web-enabled
clinical-grade products and services that empower consumers
to screen, assess and track their health. The company's
proprietary programs are accessed through its comprehensive
health portal that also features a drug database, original
health, nutrition and fitness content, e-commerce, chat and
email. For more information, contact Stayhealthy.com at
(626) 256-6152 or visit the Stayhealthy.com Web site at www.stayhealthy.com.
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, included but not limited to, statements with respect to the Terraillon acquisitions, future profitability, and revenue.. Forward looking statements may be identified by such words or phases as "will likely result", "are expected to", "will continue", "is anticipated", "estimated", "projected", "may", or similar expressions. The forward looking statements above involve a number of risks and uncertainties. Factors that might cause actual results to differ materially include: 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 identifying, financing and integrating acquisition candidates; 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 acquisition program. Unless otherwise stated forward looking statements do not include the impact of acquisitions, 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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