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Novametrix Repurchases Stock
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Business New Haven
8/10/98
By: Kristine Hansen
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(Nasdaq: NMTX) announced today that its Board of Directors has
approved a stock repurchase program pursuant to which authorizes Novametrix
to expend up to $1,000,000 for the purchase of its outstanding common stock.
The Company will purchase shares occasionally in the open market, depending on market price and other considerations. The shares will be used to meet
obligations under the Company's employee stock option, incentive and benefit
plans. Novametrix is a designer, developer, manufacturer and marketer of medical
electronic instruments and sensors that assess a critically ill patient's oxygen, carbon dioxide and respiratory mechanics non-invasively and continuously.
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