AIRPORT SYSTEMS OBTAINS SETTLEMENT OF AIRFIELD SIGNAGE CLAIM.

OVERLAND PARK Overland Park, city (1990 pop. 111,790), Johnson co., NE Kans., a residential suburb of Kansas City; inc. 1960. There is printing and publishing, and the manufacture of apparel, aircraft parts, cement, prepared foods, salt, chemicals, marine accessories, and signs. , Kan.--(BUSINESS WIRE)--April 3, 1995--Airport Systems International, Inc. (Nasdaq/NM:ASII) today announced that it has settled an indemnity Recompense for loss, damage, or injuries; restitution or reimbursement.

An indemnity contract arises when one individual takes on the obligation to pay for any loss or damage that has been or might be incurred by another individual. claim against Vomar International relating to relating to relate prep → concernant

relating to relate prep → bezüglich +gen, mit Bezug auf +acc the VomaGlow line of airfield signage which Airport Systems acquired in September 1994. The claim arose because of costs incurred by Airport Systems following the acquisition to have the signage recertified under FAA specifications for all airfield conditions.

"The terms of the settlement eliminate our liability for any deferred or contingent payments relating to VomaGlow products," remarked Keith S Keith may refer to:

People with the given name Keith:

Keith (given name)

People with the surname Keith:

Keith (surname)

In places:

The Barony of Keith in East Lothian Scotland, its caput being Keith Marischal.

. Cowan, president and chief executive officer of Airport Systems. "These payments were a minimum of $500,000 and could have amounted to as much as $2.2 million, based on the future sales generated from airfield signage. We believe this is a constructive step which properly recognizes the direct and indirect expenses caused by the temporary disruption disruption /dis·rup·tion/ (dis-rup´shun) a morphologic defect resulting from the extrinsic breakdown of, or interference with, a developmental process. this year in our manufacturing and installation of airfield signage. We currently have a backlog Backlog

The total value of sales orders waiting to be fulfilled.

Notes:
This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. of approximately $800,000 in airfield signage and are confident that these products will contribute positively to Airport Systems' future growth."

Airport Systems International, Inc. designs, manufactures, markets and installs ground-based radio navigational equipment (navaids) for aircraft and airfield signage. The Company's products are used worldwide to guide the navigation of aircraft in the various phases of a flight and in all visibility conditions.

CONTACT: Airport Systems International, Inc., Overland Park

Thomas C. Cargin, 913/495-2614

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Publication:	Business Wire
Date:	Apr 3, 1995
Words:	235
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