Microphonics and Delco Remy International Continue Indy Car Effort
PR Newswire - June 11, 1999 15:34
NASHVILLE, Tenn., June 11 /PRNewswire/ -- Microphonics (OTC Bulletin Board: MRPS) today announced it will once again team up with Delco Remy International (NYSE: RMY-news) to sponsor the #35 Delco Remy- Microphonics-Thermo Tech ISM Racing G Force/Aurora/Goodyear entry driven by Steve Knapp in the Longhorn 500 presented by MCI World Com at the Texas Motor Speedway. Knapp, who qualified at 24.891 sec with a speed of 210.438 mph and will start 17th, commented: (About the Indianapolis 500) "Everyone on the Delco Remy International-Microphonics-Prolong ISM Racing team tried very hard for that great race. I would have liked to run all day, but we learned a lot and we'll come back strong for Texas."
The race will be televised live on Saturday June 12,1999 at 7:30 pm EDT and can be seen on the Fox Sports Network.
Jimmy Gayle, Microphonics CEO, commented "Our association with Delco Remy International through our automotive and racing effort has become a fruitful one for Microphonics. Recently, we finalized an agreement with Delco Remy (NYSE: RMY) for purchase of our Model 111RCK Ultraphonic Detectors for use in their enhanced setup diagnostics and testing.
About Microphonics:
Microphonics markets two proprietary hand-held Ultrasound devices - an automotive device called the Microphonics Automotive Diagnostic System and the Ultraphonic Detector that is designed for industrial and high performance applications.
About Delco Remy:
Delco Remy International, designs, manufacturers, remanufacturers and sells heavy duty motors, generators, automotive starter motors, and related components for both automotive and heavy duty applications. They are the leading supplier of aftermarket and OEM electrical systems and powertrain/drivetrain products.
The matters described herein contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control which could cause actual results to differ materially from historically results, performance or other expectations and from any opinions or statements expressed with respect to future periods.
SOURCE Microphonics, Inc.
/CONTACT: Investor Relations: SmartStockAdvisor.com, 619-492-8061/
(MRPS RMY) |
