Air Force Awards $2.2 Million Dollar Contract to Astro-Med.Business & Technology Editors WEST WARWICK, R.I.--(BUSINESS WIRE)--Sept. 25, 2001 Astro-Med, Inc. (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 : ALOT ALOT Allotment ALOT Adaptive Large Optics Technologies ALOT Airborne Lightweight Optical Tracking ALOT Maybe you're looking for the two word phrase 'a lot' meaning many? ) announced today that it has received a contract from the Air Force for a quantity of Everest Telemetry telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. Workstations. The $2.2 million dollar contract covers requirements beginning with the current Government fiscal year. Everett V. Pizzuti, Astro-Med President stated: "It is gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that the Air Force has recognized the superiority of our Everest telemetry workstation system and has selected it to monitor and record their demanding flight tests. This is further evidence that the Everest is well on it way to becoming the de facto [Latin, In fact.] In fact, in deed, actually. This phrase is used to characterize an officer, a government, a past action, or a state of affairs that must be accepted for all practical purposes, but is illegal or illegitimate. worldwide standard telemetry workstation." The contract from the Air Force includes the Everest Telemetry Workstation, as well as all of the associated accessories, including High Security Upgrades, Virtual Digital Chart Storage, Additional Drive Cartridges, and SM-2 8-channel Analog Signal Modules. The Company sees this as a bellwether for other Government agencies who will be replacing existing old technology with the powerful Everest. The Everest will monitor flight data of new aircraft designs, specifically for military applications. Astro-Med, Inc. is a leading manufacturer of high tech specialty printing systems, electronic medical instrumentation, and test and measurement instruments employed around the world in a wide range of industrial, scientific, and medical applications. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med's FY2001 annual report and its annual and quarterly filings with the Securities and Exchange Commission. |
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