Triconex Quarterly Profit Up 38%

Triconex Corp., the Irvine safety and control system company, said its profit for the first quarter increased 38% to $1.3 million, or 25 cents a share, from $928,000, or 25 cents a share, for the same period last year. Revenue rose 11% to $7.8 million from $7 million. The company also announced that it has signed a letter of intent to acquire Tri-Sen Systems Inc., a Texas-based developer and manufacturer of digital turbomachinery control systems and equipment, for about $8 million in cash. Triconex said it intends to complete the acquisition by June 30.