Applied Signal Technology, Inc. Wins Integration Contract to Provide for DOD Signal Processing System.SUNNYVALE, Calif.--(BUSINESS WIRE)--June 23, 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 a $1.0 million contract from the U.S. Government to develop and integrate the first phase of a multi-channel signal processing See DSP. system. Under the terms of the contract, Applied Signal Technology will design, develop, integrate, test, and deploy this system. Current scheduling will achieve deployment in the fall of 1998. Regarding the contract, Gary Yancey, 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. commented, "This system integration contract represents the entry into a new marketplace for Applied Signal Technology. The trend with today's technology is for the intelligence community to purchase individual products such as those developed by Applied Signal Technology and integrate them into systems, as well as develop control software. As a result of downsizing (1) Converting mainframe and mini-based systems to client/server LANs. (2) To reduce equipment and associated costs by switching to a less-expensive system. (jargon) downsizing within these agencies, they are reliant upon contractor support local to their facilities to perform this system design and integration. We feel that this new marketplace represents a growth area for Applied Signal Technology and especially, our Washington, D.C. area offices." 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 collect and process a wide range of telecommunications signals for signal reconnaissance and defense communications.
CONTACT: Applied Signal Technology, Inc.
Brian M. Offi or Mary Rogge, 408/749-1888
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