Ampex Honored at 50th Annual Grammy Awards Ceremony.Recognized for Outstanding Technical Achievement REDWOOD CITY, Calif. -- Ampex Corporation (Nasdaq:AMPX) was honored last evening at the 50th Annual Grammy Awards ceremony in Los Angeles, California, where it took home its first Grammy Award for Technical Achievement. This prestigious award now makes its home with 12 Emmy's, one Oscar and numerous other awards bestowed on Ampex for outstanding technical achievement. The award was accepted by Ampex Chairman D. Gordon Strickland and former Ampex engineers Jay McKnight, Myron Stolaroff and John Leslie. The company's first tape recorder, the Ampex Model 200, revolutionized the radio and recording industries. In 1948, 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. used an Ampex Model 200 audio recorder for the first-ever U.S. tape-delayed radio broadcast of The Bing Crosby Show. Ampex also designed multitrack mul·ti·track adj. 1. Having, using, or produced with multiple recording tracks: a multitrack tape recorder. 2. recorders that enabled Les Paul to produce overdubbed recordings. Ampex withdrew from the professional audio tape recorder market in 1983. Its subsidiary, Ampex Data Systems Corporation today sells solid state, disk and tape recorders primarily to the instrumentation market. Ampex Corporation, www.ampex.com, headquartered in Redwood City, California Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. , is one of the world's leading innovators and licensors of technologies for the visual information age. This release may contain information about the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the 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. provisions under The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from historical results or those indicated by such forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties disclosed in its Annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and its Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. , as well as other documents periodically filed with the Securities and Exchange Commission. |
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