Acrodyne Industries, Inc. Receives Multi-Million Dollar Master Purchase Agreement and Order From Nexstar Broadcasting Group, Inc. for Digital and Analog Television Transmitters.Business Editors & Technology Writers COCKEYSVILLE, Md.--(BUSINESS WIRE)--June 18, 2002 Nexstar to Upgrade or Replace All Group Station Transmitters Acrodyne Industries, Inc. (Ai), a leading manufacturer of television transmission systems, announced today that the Nexstar Broadcasting Group, headquartered in Clarks Summit, PA, has signed an exclusive Master Purchase Agreement for digital and analog transmitters. The agreement is a contract for Acrodyne to supply the Nexstar group's digital and analog transmitter needs using the Rohde & Schwarz solid-state transmitters and the Ai Quantum IOT IOT In Order To IOT Index-Organized Table IOT British Indian Ocean Territory (ISO 3-letter country code) IOT Interoperability Testing IOT Initial Operational Test IOT In-Orbit Test equipped transmitter series. The purchase agreement is for fourteen low power UHF (Ultra High Frequency) The range of electromagnetic frequencies from 300 MHz to 3 GHz. In the U.S., analog television has used UHF channels 52 to 69 in the 700 MHz band. DTV (Digital TeleVision) Transmitting TV using digital signals. The major DTV standards are ATSC (North America), DVB (Europe) and ISDB (Japan). All three use MPEG-2 video compression and Dolby Digital audio compression. DVB and ISDB also include MPEG audio compression. solid-state transmitters and two low power VHF (Very High Frequency) The range of electromagnetic frequencies from 30 MHz to 300 MHz. DTV solid-state transmitters for their initial digital implementation. Deliveries for the first phase will commence in September of this year and completion is set for April of 2003. The agreement included fourteen future Quantum transmitter upgrades with output power up to 50kW average for digital transmission to accommodate the FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. authorized power. The total value of the contracts through the upgrade phase is valued at over nine million dollars. In addition to the DTV transmitters, Nexstar has contracted for two Quantum analog high power UHF transmitters to be delivered before the end of this calendar year. Nexstar has recognized the value of replacing older, less efficient, klystron klystron: see electron tube. A type of vacuum tube used as an amplifier and/or oscillator for UHF and microwave signals. It is typically used as a high-power frequency source in such applications as particle accelerators, UHF TV transmission and satellite transmitters with the state-of-the-art Quantum energy efficient IOT transmitters, considerably reducing energy consumption and improving cash flow for the group. Perry Sook, President/CEO of Nexstar, commented, "After a long and detailed analysis and investigation of all industry sources for our transmission requirements, we came to the conclusion that Ai and its products most closely meet our needs for the latest transmitter technology for both our digital and analog applications. Ai's approach to product design, manufacturing, and customer service, exceeded our expectations and convinced us to go with the best." Nat Ostroff, Chairman of the Board of Ai, remarked, "Nexstar's decision to purchase both our high power Quantum transmitters for their analog applications and the Rohde & Schwarz low power solid-state transmitters for their digital applications is yet another vote of confidence in both Ai and its product lines. We welcome Nexstar to the rapidly growing family of Quantum owners." Ai is the exclusive distributor of the low power, solid-state, digital transmitters, designed and manufactured by Rohde & Schwarz, the world's leading manufacturer of solid-state transmitters. Nexstar Broadcasting Group, Inc., headquartered in Clarks Summit, PA, currently owns and operates fourteen stations and provides management, sales or other services to an additional six stations. The stations are clustered in the Northeast, Midwest and Southwest regions of the United States and are diverse in their network affiliations - NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. , CBS (Cell Broadcast Service) See cell broadcast. , ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. , Fox, UPN. Acrodyne Industries, Inc., the operating subsidiary of Acrodyne Communications, Inc., and a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , has been an established and respected manufacturer of television broadcast equipment for over three decades. Acrodyne is a leading producer of technically advanced, high quality television transmitters. This press release contains "forward-looking statements" concerning future expectation, plans or strategies that involve a number of risks and uncertainties. The Company wishes to caution readers that certain factors may have affected the Company's actual results and could cause results for subsequent periods to differ materially from those expressed in any forward-looking statements to reflect subsequently occurring events or circumstances. |
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