News & Announcements

Press Release - Friday, March 12th, 2010

SPECIAL DEVICES INCORPORATED’S DEFENSE & AEROSPACE BUSINESS IS SOLD TO ENSIGN-BICKFORD AEROSPACE & DEFENSE COMPANY

MOORPARK, CA, March 12, 2010 – Special Devices, Incorporated is pleased to announce the completion of the sale of its Defense & Aerospace (D&A) Business Unit to Ensign-Bickford Aerospace & Defense Company. EBA&D entered into a definitive agreement to acquire the D&A Business on January 13, 2010.

Since 2004, D&A has designed, developed and manufactured mission-critical pyrotechnic products that are integrated into tactical missiles, weapons and launch vehicles. The business serves a diverse group of customers, including the U.S. government, primes and subcontractors.

"We are pleased that Ensign-Bickford is acquiring our Defense & Aerospace Business Unit," said Chris Hunter, Chief Executive Officer and President of Special Devices, Inc., "Their long-standing reputation and values developed over a century and a half in business ensure that our customers will receive the outstanding service and quality that they are accustomed to, and our employees have the long-term opportunities that they deserve."

"We are extremely pleased with this result and believe our common customers will be as well,” said Mike Pitcher, President and Chief Executive Officer of EBA&D, “Our two companies’ products have a long heritage of working together in a wide array of complex systems. Now we have the opportunity to truly combine our work to the greater good of our customers.”

Janes Capital Partners served as exclusive financial advisor and Fennemore Craig served as legal advisor to Special Devices, Inc.

Special Devices, Inc. is a provider of precision engineered energetic devices globally serving the automotive, industrial and mining and blasting industries. Founded in the 1950s to provide pyrotechnic special effect to the movie industry, the company later entered the automotive, mining and blasting, and aerospace and defense industries. Special Devices is headquartered in Moorpark, California with facilities Mesa, Arizona, Germany and Thailand.

For more complete information on Special Devices, Inc., please visit www.specialdevices.com.