Arlington Capital Partners Announces $31.5 Million Investment in NLX Corporation; New Funds to Accelerate Growth in Advanced Flight Simulators & Weapons Systems Trainers.Business Editors/High-Tech & Defense Writers WASHINGTON--(BUSINESS WIRE)--April 28, 2003 Arlington Capital Partners, a Washington, DC based private equity firm, today announced a $31.5 million equity investment in NLX (hardware, standard) NLX - A low-profile, low TCO motherboard design created jointly by Intel Corp., IBM, DEC and other PC vendors. In contrast to the traditional single-board design, NLX uses a riser card to carry PCI, ISA and AGP bus data (despite Intel's stated intent to rid PC Corporation -- the largest private designer, manufacturer and integrator of advanced military and commercial flight simulators flight simulator, device providing a controlled environment in which a flight trainee can experience conditions approximating those of actual flight. A simulator generally consists of an enclosure housing a working replica of the interior of the cockpit of an and weapon systems trainers. Headquartered in Sterling, VA, NLX employs more than 600 people and develops simulation equipment and training systems for a targeted range of military platforms including fighter jets, bomber aircraft List of bomber aircraft is organized by grouped years, countries, and bomber aircraft type. 1914–1918
The use of NLX simulators helps the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. military train pilots and soldiers for highly demanding maneuvers and life-threatening scenarios that increase the likelihood of mission success as well as reduce the loss of life and equipment. NLX is also one of only four companies in the world to achieve a Level D simulator (1) Software that enables the execution of an application written for a different computer environment. Same as emulator. (2) Software that models the interactions of hypothetical or real-world objects or business processes. qualification -- the highest designation given by the FAA. In addition, the company furnishes comprehensive systems engineering, operations, maintenance and logistics support to its training systems and information technology customers, which include all three branches of the United States Armed Forces Used to denote collectively only the regular components of the Army, Navy, Air Force, Marine Corps, and Coast Guard. See also Armed Forces of the United States. (Air Force, Navy, and Army), commercial aerospace companies and original equipment manufacturers. In making today's announcement, Robert Knibb, Partner at Arlington Capital Partners, stated, "The rapidly changing nature of warfare, combined with an increased focus on operational readiness The capability of a unit/formation, ship, weapon system, or equipment to perform the missions or functions for which it is organized or designed. May be used in a general sense or to express a level or degree of readiness. Also called OR. See also combat readiness. in both government and commercial sectors, demands the very best in training. NLX, which provides full fidelity training leveraging the latest technology, open systems and advanced networking capabilities, has successfully emerged at the forefront of this dynamic industry change." Added Tony Syme, 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. and co-founder of NLX, "Our partnership with Arlington Capital represents an important milestone in what we anticipate will be a new chapter in the accelerated growth of our company. Arlington brings substantial corporate operational experience and government, international and commercial relationships to help fuel additional larger contract wins as well as add-on opportunistic opportunistic /op·por·tu·nis·tic/ (op?er-tldbomacn-is´tik) 1. denoting a microorganism which does not ordinarily cause disease but becomes pathogenic under certain circumstances. 2. acquisitions. Further, Arlington Capital's equity investment will enable us to take advantage of the tremendous growth in our industry, which is being driven by technological advances, cost efficiencies, personnel safety and increased operational readiness and mission effectiveness." Also commenting today was Peter Manos, Principal at Arlington Capital Partners, who noted, "Our investment in NLX meets all of the criteria preferred by Arlington Capital Partners: backing first-rate founders and executives, investing in an industry with strong growth dynamics, finding businesses with high barriers to entry and investing in opportunities where our relationships and experience can add value." About Arlington Capital Partners Arlington Capital Partners (www.arlingtoncap.com) is a Washington, DC-based private equity fund with over $450 million of committed capital focused on middle market buyout Buyout The purchase of a company or a controlling interest of a corporation's shares. Notes: A leveraged buyout is accomplished with borrowed money or by issuing more stock. and expansion equity investment opportunities in growth industries including: business services, outsourcing, IT services, aerospace/defense, media, communications, and related information products and services industries. The firm's principals have a unique combination of operating and private equity experience that enables Arlington to be a value-added investor. Arlington invests in companies with high quality management teams that are motivated to establish and/or advance their company's position as leading competitors in their field. About NLX Corporation: NLX Corporation (www.nlxcorp.com) is a provider of full-scale flight simulators and training systems. NLX employs more than 600 people at 20 locations across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. including its headquarters in Sterling, Virginia Sterling, Virginia is an unincorporated Washington, D.C. suburb, northwest of Herndon, east of Ashburn, and west of Reston, close to Dulles International Airport in Loudoun County. near Washington Dulles Airport. By applying the latest technology, sound program/business management and working closely with the customer, NLX has developed a proven track record of customer satisfaction. This approach results in the delivery of on-time, cost-effective and high quality products. NLX has been named in Inc. Magazine's annual list of America's fastest-growing private companies for 3 consecutive years. |
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