B.V.R. Technologies Ltd. announce that BGT is awarded contract for supply of EHUD Systems to German Air Force.TEL AVIV, Israel--(BUSINESS WIRE)--July 16, 1996--BVR Technologies Ltd. (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 :BVRTF) announced today that its strategic partner in Germany, Bodenseewerk Geraetetechnik GmbH (BGT BGT Busch Gardens Tampa BGT Britain's Got Talent (TV show) BGT Branch If Greater Than BGT Bodenseewerk Geraetetechnik GmbH (German defense company) BGT Be Glad To BGT Backpack Gear Test ), was awarded a contract for the supply of BVR's EHUD debriefing de·brief·ing n. 1. The act or process of debriefing or of being debriefed. 2. The information imparted during the process of being debriefed. Noun 1. system to the German Air Force (GAF GAF Global Assessment of Functioning GAF German Air Force GAF General Aniline & Film GAF Gender AIDS Forum (South Africa) GAF Ghana Armed Forces GAF Get A Freelancer (freelance services website) ). This award includes the supply of six flight ground stations and several airborne pods. BVR BVR Beyond Visual Range BVR Business Valuation Review (journal) BVR Biliverdin Reductase BVR Bureau of Vocational Rehabilitation BVR Bulletin de Versement (French) will by supplying the majority of the systems and components under this contract. The total amount of systems to be supplied by BVR totals $10 million, and the GAF has the option of purchasing an additional $2 million of additional components and capabilities. The systems will be delivered in two years (by mid-1998). The EHUD system in Germany is called Flight Profile Recorder (FPR FPR Ford Performance Racing FPR Front Patriotique Rwandais (Rwanda Patriotic Front) FPR Floating-Point Register (CPU architecture) FPR Fuel Pressure Regulator (automotive) ) and will enable the German pilots to obtain very advanced debriefing capabilities every flight. Future options are available enabling considerable safety enhancements and real-time scoring. Yaron Sheinman, chairman of BVR, stated, "We are pleased with the award announced today. Our strategic partnership with BGT, and the sale of the first system of its kind to a major European country, has enabled us to strengthen our market position in Europe and has been a significant milestone in our continuing sales of EHUD systems." BVR Technologies is engaged in the development, manufacture and marketing of advanced training and simulation systems for the aircraft and other industries. CONTACT: B.V.R. Technologies Ltd. Yaron Sheinman, 972-3-571-5671 |
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