Espey Mfg. & Electronics Corp. reports funding award for a facility expansion
09 Fevereiro 2023 - 6:05PM
Espey Mfg. & Electronics Corp. (NYSE American:
ESP) announces funding award for a facility expansion.
Espey has been awarded $7.4 million in funds in
support of facility and capital equipment upgrades for testing and
qualification for the United States Navy. The funding is part of
the Navy’s investment to improve and sustain the Surface Combatant
Industrial Base. The work will be conducted on Espey’s property in
Saratoga Springs, NY, with completion slated for 2024.
Espey's primary business is the development, design, and
production of specialized military and industrial power
supplies/transformers. The Company can be found on the Internet at
www.espey.com.
For further information, contact Ms. Katrina Sparano
(518)245-4400.
This press release may contain certain
statements that are "forward-looking statements" and are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
represent the Company's current expectations or beliefs concerning
future events. The matters covered by these statements are subject
to certain risks and uncertainties that could cause actual results
to differ materially from those set forth in the forward-looking
statements. The Company wishes to caution readers not to place
undue reliance on any such forward-looking statements, which speak
only as of the date made.
Espey Manufacturing and ... (AMEX:ESP)
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