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Hi-Shear Technology Corp. (HSR) Declares $0.50 Cash Dividend on Even Governmental Pyrotechnic Sales

In some markets, there are only a few companies that can really get the job done to tolerances and expectations. These companies attract the best and brightest of employees to develop some of the most exacting products. In a general sense, this is the world of the elite product manufacturer, a manufacturer that generally has a captive customer base desiring a very specific product.

Hi-Shear Technology Corp., a pyrotechnic device developer and manufacturer, works to develop and manufacture explosive devices for space and military applications. The company works primarily in space vehicle and military applications but has solid high tolerance manufacturing capabilities oriented toward any milling application.

The general perception of a company working with military pyrotechnics is that of making bombs and other destructive items on a larger explosive scale. For the most part, hi-shear works at the opposite end of the pyrotechnic spectrum (so to speak.) The company’s product line is diverse, but generally revolves around separation applications where portions of an air or space vehicle need to separate in a safe and controlled way. This would include seat ejectors for front line fighter aircraft, stage separation systems for launch vehicles and bolt/clamp explosives in various applications. For the larger scope of military pyrotechnics, the company manufactures a wide array of high energy firing units. These products would range from vertical launch Tomahawk and Cruise missile systems to laser arming and firing systems.

Although the company does seek out business derived from the private sector, owing to its expert capabilities in manufacturing products at high tolerances, its primary customers tend to be governments or large corporations with grand designs. As such, the company tends to have a reliable customer base less exposed to the vagaries of a shifting economy. This is not to suggest that the company is not exposed to spending trends within this sector, but rather that longer term spending cycles are more the norm.

Generally, the company finds a rather captive customer base requiring specialized products and services. From all appearances, Hi-Shear Technology Corp. has a solid base of customers and is ready to capitalize in the near and longer term.

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