M-tron Industries Inc. agrees to purchase Piezo Technology, Inc.

September 08, 2004

Yankton, South Dakota, September 8 - M-tron Industries, Inc. has reached an agreement in principle to purchase Piezo Technology, Inc. (PTI) of Orlando, Florida. Consummation of the transaction, which is anticipated to occur in late September, is subject to customary closing conditions, including the receiving the approval of the trustees of PTI's employee stock ownership plan.

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