Continuing Growth For WPI Group's Industrial Technology Products; Four Orders Total More Than $1.2 Million.MANCHESTER, N.H.--(BUSINESS WIRE)--June 30, 1999-- WPI WPI - Worcester Polytechnic Institute GROUP, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NASDAQ/National:WPIC WPIC Western Psychiatric Institute and Clinic (University of Pittsburgh School of Medicine; Pennsylvania, USA) WPIC Work Package Integration Conference (US Navy) WPIC Whole Person In Christ ) today announced that a world-leading telecommunications equipment provider has placed a major order for digital panel meters used in back-up power supplies. The WPI panel meters are used in equipment that monitors battery voltage levels. The order is valued at $415,000 over twelve months, beginning in August of this year. Follow-on orders are anticipated. Additionally, the Company announced nearly $600,000 in follow-on orders from two leading providers of medical endoscopy endoscopy Examination of the body's interior through an instrument inserted into a natural opening or an incision, usually as an outpatient procedure. Endoscopes include the upper gastrointestinal endoscope (for the esophagus, stomach, and duodenum), the colonoscope (for the systems. The orders are for WPI's SAFEARC(R) 100 Watt Xenon xenon (zē`nŏn) [Gr.,=strange], gaseous chemical element; symbol Xe; at. no. 54; at. wt. 131.29; m.p. −111.9°C;; b.p. −107.1°C;; density 5.86 grams per liter at STP; valence usually 0. and also its metal halide halide: see halogen. electronic ballasts. The ballasts power lamps that are the light source for performing minimally invasive surgery minimally invasive surgery Laparoscopic surgery, see there. See Laparoscopic cholecystectomy. . WPI has also received a $200,000 order from a world-leading glass and ceramics manufacturer for power conversion equipment used in an industrial furnace application. John R. Allard, WPI GROUP President and COO, commented on these new orders, "WPI's widely respected product reliability was a key decision factor for all four customers. In addition, the superior readability of our digital panel meters was an essential requirement for the telecommunications back-up power supplies. We are delighted with the continuing business growth in our core industrial technology product lines. Over the past quarter, we have seen new strength in sales to existing customers for traditional applications, as well as substantial success in penetrating new markets and new applications with our ability to meet unique design requirements quickly." WPI GROUP, INC. manufactures and markets high value-added products used in advanced systems across many industries and applications. The Company manufactures avionics components and subsystems, inertial sensors, panel meters, industrial power conversion systems, electronic ballasts and precision solenoids for a variety of industrial, medical and consumer products. WPI also offers the world's broadest range of rugged, handheld H/PCs, PCs, notebook computers and terminals designed for use in harsh environments across a wide array of industries. In addition, they provide applications software for selected vertical markets and industry-leading diagnostic hardware and software for the transportation industry. The statements contained in this release concerning the company's goals, strategies and expectations for business and financial results are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " based on current expectations. No assurances can be given that the results in any forward-looking statements will be achieved and actual results could differ materially. Please review the reports that the Company files with the Securities and Exchange Commission for information concerning factors which could affect the Company's business. |
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