Standex Electronics Products Ranked Among Most Popular According To Electronic Design Magazine
International Corporation (NYSE:SXI) today announced that three of
its Standex Electronics Group’s products recently ranked among the top
101 components for 2012 according to
Electronic Design, an
Standex International Corporation (NYSE:SXI) today announced that three of its Standex Electronics Group’s products recently ranked among the top 101 components for 2012 according to Electronic Design, an industry-leading trade journal with the highest circulation of any design focused publication in the electronics market. Based on Electronic Design web site page views and site visitors’ votes for their favorite components, two products from Standex Electronics made the list, including Standex planar transformers at number 21 and custom conductive fluid level sensors at number 47. The MK27 magnetically activated reed sensor from Meder Electronics, which was acquired by Standex in July 2012, was named number 68 on the list. “It is exciting to see these three high-quality electronic components voted among the industry’s best,” said John Meeks, President, Standex Electronics Group. “Their ranking among the 101 favorite products of the readers of Electronic Design demonstrates the strength of the combined Standex and Meder product portfolio. The combination of Meder’s reed switches, reed relays and reed sensors, coupled with Standex’s reed switch, magnetics and sensor product lines provides the combined global sales forces with a broader suite of products and technologies to address our customers’ needs. 1” “The selection of these products also demonstrates the diversity of our industry exposure as a combined company,” Meeks said. “Sensor products such as Standex’s patented conductive fluid level sensor technologies and Meder’s MK27 magnetically activated reed sensor/actuator solutions are enabling both companies to achieve success in the automotive, medical, consumer appliance and industrial markets. 1 Our planar transformers, which have superior space saving and power density properties, as well as our comprehensive portfolio of magnetic components, are fueling growth for Standex Electronics in the military, aerospace, alternative energy and power distribution sectors. 1 In addition, by broadening our geographic coverage, the combination of Meder and Standex Electronics has resulted in a global organization with engineering capabilities and sales professionals close to the customer – enhancing the collaborative development of customer driven engineered solutions.”
Standex International Corporation (NYSE:SXI) hit a new 52-week high Thursday as it is currently trading at $39.18, above its previous 52-week high of $39.11 with 35,744 shares traded as of 12:10 p.m. ET. Average volume has been 66,600 shares over the past 30 days.