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Measurement Specialties, Inc.
MEAS (the "Company"), a global designer and manufacturer of sensors
and sensor-based systems, announced today that the Company's Board of
Directors has adopted a program to repurchase from time to time at
management's discretion up to $7,000,000 of the shares of the Company's common
stock in the open market or in private transactions at prevailing market
prices. As of July 20, 2012, the Company had 15,409,462 shares of common stock
outstanding. Repurchases will be made under the program using the Company's
own cash resources. Needham & Company, Inc. will act as agent for the
Company's stock repurchase program.
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