Acrodyne Receives $1.7M Turnkey Order for a 50kW DTV "New Technology" Transmitter, Antenna, Transmission Line, and Systems Integration, including Tower Services.BLUE BELL, Pa.--(BUSINESS WIRE)--Oct. 4, 1999-- Acrodyne Industries, Inc., a leading manufacturer and installer of television transmission systems, today announced the signing of a contract with Sinclair Broadcast Group The Sinclair Broadcast Group (SBG) NASDAQ: SBGI is the operator of the largest number of local television stations in the United States with a total of 59 stations across the country in 38 primarily small and medium markets, many of which are located in the South and , for a complete turnkey system to be installed at KDNL-DT (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. ), Channel 31D, in St. Louis, MO. The contract is valued at $1.7M and is part of the Strategic Purchase Agreement signed during the first quarter of 1999. The turnkey package includes a 50kW 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. "New Technology" transmitter, antenna, and tower services. Acrodyne will act as the turnkey contractor and manage the entire design and installation of the transmission facility. This project further expands Acrodyne's full system support activities. Installation is scheduled for Summer of 2000. A. Robert Mancuso, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated, "The scope of the Strategic Purchase Agreement with Sinclair Broadcast Group, valued at $30M, is unprecedented in Acrodyne's history. Their transmitter purchases in 1999 have been steady for current needs and our expectations are high for near future projects such as KDNL." Sinclair Broadcast Group is a diversified broadcasting company that currently owns or programs 58 television and 52 radio stations. Upon completion of all pending transactions, Sinclair will own or program 59 television stations in 38 separate markets and 6 radio stations in one market. Sinclair's television group reaches approximately 24.4% of U.S. television households and includes ABC, CBS (Cell Broadcast Service) See cell broadcast. , FOX, NBC, WB, and UPN affiliates. Acrodyne Industries, Inc., the operating subsidiary of Acrodyne Communications, Inc., a public company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ACRO acro Acronym ACRO Australian Creative Resources Online ACRO Association of Clinical Research Organizations ACRO American College of Radiation Oncology ACRO Aircraft Crashes Record Office (Geneva, Switzerland) acro acrolein ), is an established manufacturer of television broadcast equipment. In business for 30 years, the company has developed a leading position as a technologically advanced, high quality producer of transmitters used by television stations to broadcast and retransmit their signals. For further information, please visit our website at www.acrodyne.com. |
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