Applied Signal Technology, Inc. Awarded Two Major Production Programs.SUNNYVALE, Calif.--(BUSINESS WIRE)--July 7, 1998--Applied Signal Technology, 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 :APSG APSG Antisymmetrized Product of Separated Geminals ) announced today that it has been awarded two production programs valued at a total of $4.5 million. Under the terms of the contracts, the Company will be providing multiple units of its standard VGC VGC Very Good Condition VGC VG Cats (web comic) VGC Video Graphics Controller VGC Vintage Glider Club VGC Viscosity-Gravity Constant VGC Video Game Club VGC Video Game Central (website) (voice grade channel) processors ($1.9m) and wideband processors ($2.6m) for signal reconnaissance applications. The contracts provide for the delivery of standard production equipment to the Department of Defense over the next 12 months. In addition to the standard catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. items to be provided under the contract, the Company will be providing a proposal to the government for additional equipment options which may be exercised at a future date. Regarding the new orders, Gary Yancey, Applied Signal Technology's President and Chief Executive Officer commented, "These orders are not only significant in value, but we expect them to be quite significant in terms of future product sales. These two contractsrepresent our first production orders for the Model 115 Multichannel Using two or more paths for transmission or processing. It can refer to a variety of architectures including (1) multiple I/O channels between the CPU and peripheral devices, (2) multiple wires in a cable, (3) multiple "logical" channels within a single wire or fiber or (4) multiple Link Survey Unit and our Model 254 Demodulator/Decoder. With the award of these two contracts, we will now begin to see a return on our invested R&D in the months ahead as we deliver these products." "These products were developed as a result of a combination of both government-funded and company-funded R&D. Further, these two products add to our expanding series of commercial-off-the-shelf (COTS (Commercial Off-The-Shelf) Refers to ready-made merchandise that is available for sale. See MOTS. (software) COTS - commercial off-the-shelf. See commercial software. ) signal reconnaissance solutions in order to meet the quick reaction, cost-effective requirements of our marketplace." Applied Signal Technology designs, develops, manufactures and markets advanced digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). equipment to process a wide range of telecommunications signals for signal reconnaissance applications.
CONTACT: Applied Signal Technology
Brian M. Offi, Chief Financial Officer
or
Mary Rogge, Investor Relations, 408/749-1888
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