Astro-Med Awarded Air Force Contract for Everest Data Workstations.Business/Technology Editors WEST WARWICK West Warwick (wôr`wĭk, –`ĭk), town (1990 pop. 29,268), Kent co., central R.I., on the Pawtuxet River; set off from Warwick and inc. 1913. Textile manufacturing remains a leading industry. West Warwick includes the village of River Point. , R.I.--(BUSINESS WIRE)--Aug. 22, 2000 A major US Air Force Base has contracted with Astro-Med, 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 :ALOT ALOT Allotment ALOT Adaptive Large Optics Technologies ALOT Airborne Lightweight Optical Tracking ALOT Maybe you're looking for the two word phrase 'a lot' meaning many? ) for the procurement of $400,000 of the Company's newly developed Everest Data Recorder-Workstations. "This is a significant acquisition" reports Everett V. Pizzuti, COO, "because it represents the first phase of a complete transitioning from the older technology chart recorders to the cutting edge technology of the Everest. We expect other members of this Air Force Directorate to follow this lead." This particular Air Force command is responsible for missile testing in the Western US and Pacific, as well as worldwide logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet for the nation's fleet of strategic intercontinental ballistic missiles intercontinental ballistic missile: see guided missile. . The base overhauls and repairs landing gear, wheels and brakes, rocket motors, and air munitions mu·ni·tion n. War materiel, especially weapons and ammunition. Often used in the plural. tr.v. mu·ni·tioned, mu·ni·tion·ing, mu·ni·tions To supply with munitions. . After searching the industry for the best solution, it became clear to the Air Force that the Everest was by far the best product. As a result, a sole source procurement was issued to purchase the Everest's. The Everest was first introduced late last Fall and first production shipments began in the second quarter of this year. The Everest is a Windows-based Workstation that is designed specifically to record and monitor telemetric data from missiles, space vehicles, and commercial aircraft. The Company is in a dominant position to supply this product to these markets not only in the US, but also around the world. Astro-Med, Inc. is a leading manufacturer of test and measurement instruments, high tech specialty printing systems, and electronic medical instrumentation employed around the world in a wide range of industrial, scientific, and medical applications. 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. Statement This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med's FY2000 annual report and its annual and quarterly filings with the Securities and Exchange Commission. |
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