Daktronics Secures Order for Second Phase of Integrated Display System for Kuwait Stock Exchange; Integrated System Will Be Daktronics' Largest Indoor Financial Project to Date.BROOKINGS Brookings, city (1990 pop. 16,270), seat of Brookings co., E S.Dak., on the Big Sioux River; inc. 1883. A trade center in a livestock and grain region, Brookings is an important seed-processing point. , S.D. -- Daktronics Daktronics Inc. (NASDAQ: DAKT) is an American company based in Brookings, South Dakota that designs, manufactures, sells, and services dynamic visual communication systems for customers worldwide. The company is best known for its diverse offering of electronic LED displays. , Inc. (Nasdaq:DAKT) announced today it has been awarded a contract for approximately $7 million to provide the second phase of an integrated display system for the Kuwait Stock Exchange in Kuwait City, Kuwait. The first phase of the system, worth approximately $1.5 million, was substantially complete in December 2004. "It is critical that traders Traders Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread. and others who work at and visit the Kuwait Stock Exchange have accurate and timely information available to them from which to make decisions," said Mr. Faleh Abdullah Al-Roqobah, Deputy Director of General Trading at the Kuwait Stock Exchange. "Through an extensive evaluation process, it became very apparent that Daktronics was the most suitable company for the Kuwait Stock Exchange project, to design, build and install the Price Display Board, and integrate it with our sophisticated trading system The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. . The Kuwait Stock Exchange is very pleased with the co-operation of the Daktronics team in the development and enhancement of the exchange requirements during the implementation in a professional manner, and looks forward in completing the remaining requirements along with the second phase in the near future." When fully installed, this unique system will be one of the most sophisticated stock exchange display systems in the world, utilizing multiple Daktronics light emitting diode See LED. (LED) technologies and control components to provide financial data, news, live video and other information. The first phase of the project included large displays for the Cafe and Ladies Area of the exchange, using Daktronics ProStar(R) full-color video technology and Galaxy(R) tri-color technology. In the second phase, ProStar(R) and ProAd(R) full-color (red, green, blue) displays, combined with Galaxy(R) tri-color displays, will be mounted on the seven walls of the main trading floor, surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. traders with detailed company and market data in real time. One continuous full-color ticker ticker An automated quotation system on which security transactions are reported after they occur on an exchange floor. Even though the newer systems are electronic and no longer actually tick, the name of the old mechanical device has stuck. display will be installed on the seven walls of the trading area, measuring approximately eight inches high by 328 feet long (.2 meters by 100.0 meters). ProStar(R) VideoPlus technology will be located above the ticker display on three of the walls. These displays will be used primarily to show live and recorded video. Galaxy(R) tri-color (red, green, amber) technology will be located above the ticker display on four of the trading floor walls. The primary use of these displays will be to present detailed financial data on the companies listed on the Kuwait Stock Exchange. Additional displays will be installed at the main gate and other locations at the exchange as part of phase two. More than 12.8 million LEDs will be used in 28 displays in phases one and two, totaling more than 2,529 square feet (235 square meters Noun 1. square meter - a centare is 1/100th of an are centare, square metre area unit, square measure - a system of units used to measure areas ) of programmable active area. All indoor displays will have picture elements (pixels See pixel. ) on 6 mm spacing to provide excellent clarity and visibility indoors. Outdoor displays will incorporate 23 mm pixel spacing. The integrated displays will be powered by Venus(R) controllers and V-Link(R) video processors. The Daktronics control system will interface with the electronic trading Please help recruit one or [ improve this article] yourself. See the talk page for details. system used at the exchange to automatically display real time financial data on multiple displays throughout the facility. "The display system for the Kuwait Stock Exchange will be among the largest indoor projects for Daktronics," said Jim Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. , 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. . "We will combine multiple technologies into a unique configuration of displays that will provide an unprecedented amount of information, graphics and video imagery. The sales and technical personnel in our Germany office, along with many others at Daktronics, were critical to securing this important order. We look forward delivering phase two of this unique system this summer and to serving the Kuwait Stock Exchange for years to come." Daktronics has strong leadership positions in, and is one of the world's largest suppliers of, electronic scoreboards, computer-programmable displays, and large screen video display and control systems. The Company excels in the control of large display systems, including those that require integration of complex multiple displays showing real time information, graphics, animation and video. Daktronics designs, manufactures, markets and services display systems for customers around the world in sport, business and transportation applications. For more information, visit the Company's worldwide web site at http://www.daktronics.com, e-mail the Company at sales@daktronics.com, call toll-free 1-800-DAKTRONICS (800-325-8766) in the U.S., or write to the Company at 331 32nd Avenue, P.O. Box 5128, Brookings, SD 57006-5128. Cautionary Notice: In addition to statements of historical fact, this news release contains 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. reflecting the Company's expectations or beliefs concerning future events which could materially affect Company performance in the future. The Company cautions that these and similar statements involve risk and uncertainties including changes in economic and market conditions, management of growth, timing and magnitude of future contracts, and other risks noted in the Company's SEC filings which may cause actual results to differ materially. Forward-looking statements are made in the context of information available as of the date stated. The Company undertakes no obligation to update or revise such statements to reflect new circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or or unanticipated events as they occur. |
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