Antenna Products Corporation Awarded Contract.Business Editors & High Tech Writers DALLAS--(BUSINESS WIRE)--Sept. 14, 2001 PHAZAR CORP announced today that Antenna Products Corporation in Mineral Wells, Texas Mineral Wells is a city in Palo Pinto County, Texas and a portion of Parker County, Texas. The population was 16,946 at the 2000 census. The city is named for mineral springs in the area, which were highly popular in the early 1900s. , a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , and Titan Systems Corp in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. teamed to win the recently awarded U.S. Navy Contract N66001-01-D-0028 valued at $11.6 million. The contract is an indefinite supply type contract with a base year and four option years. The contract requirement is for antenna tilting group (ATG ATG antithymocyte globulin. lymphocyte immune globulin (antithymocyte globulin equine, ATG, ATG equine, LIG) Atgam Pharmacologic class: Immunoglobulin Therapeutic class: Immunosuppressant ) units. The ATG's are remotely controlled mechanical gear driven positioners used to support 35 foot tall high frequency whip antennas used for ship to ship and ship to shore communications. U.S. Navy ships that handle aircraft use the ATG's to tilt the whip antennas over the side of the ship, away from the flight deck during flight operations. The ATG's will be manufactured at Antenna Products Corporation's plant in Mineral Wells, Texas with deliveries of the ATG's scheduled to start mid 2002 and continue on a monthly schedule. All options are expected to be exercised. Information on the Company's new products is available on the Internet web page at: www.phazar.com and at: www.antennaproducts.com. The common stock of PHAZAR CORP is listed on the Nasdaq SmallCap Market under the trading symbol Trading symbol See: Ticker symbol "ANTP ANTP Asociacion Nacional de Transporte Privado (México) ". This press release contains forward-looking information within the meaning of Section 29A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. include statements concerning plans, objectives, goals, strategies, future events or performances and underlying assumption and other statements, which are other than statements of historical facts. Certain statements contained herein are forward-looking statements and, accordingly, involve risks and uncertainties, which could cause actual results, or outcomes to differ materially from those expressed in the forward-looking statements. The Company's expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, including without limitations, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties, but there can be no assurance that management's expectations, beliefs or projections will result, or be achieved, or accomplished. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion