Datron Systems to Concentrate Its Airborne Satellite TV Business On the Commercial Airline Market.eek, Datron said it has licensed the manufacturing rights to its satellite TV antennas for business jets to s antenna systems certified See certification. by the FAA for use on all major business jets and on Boeing 737s The Boeing 737 is an American short to medium range, single aisle, narrow body jet airliner. With over 7,000 ordered and over 5,000 delivered, it is the most ordered and produced commercial passenger jet of all time and has been continuously manufactured by Boeing since 1967. , 767s and 777s. David A. Derby, chairman, president and chief executive officer of Datron Systems, commented, "The decision to license the manufacturing rights to our business jet antennas and concentrate on the commercial airline market for satellite TV was reached after careful evaluation of the two markets. We believe the license fee and royalties received from Airshow will insure Insure can mean:
"Although this market has been slow to develop, the recent announcement by DIRECTV(TM) introducing its DIRECTV AIRBORNE airborne /air·borne/ (ar´born) suspended in, transported by, or spread by air. airborne, adj carried through the air. In health care settings, viruses or bacteria may become airborne, e.g. (TM) programming is the boost this industry needs to spur the development of airline in-flight satellite TV. DIRECTV AIRBORNE is a 24-channel package that airline passengers will be able to view from flat screens installed on each seat back. This service puts to rest some of the content and licensing issues that have been a concern in the past. "Datron helped to pioneer this industry by providing the antenna used in the installation of the first in-flight satellite TV system on Delta Airlines Spirit of Delta in August 1996. Another indication of Datron's technological leadership in the airborne data transmission field was the recent successful completion of a first phase test by the U.S. Air Force of the government's Global Broadcast Service. Datron's antenna provided high bandwidth video and data services to the test aircraft. We intend to further this development and apply it to commercial aircraft, with the objective of bringing high speed Internet service to the business traveler once the required satellite infrastructure is in place." This news release may contain "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. " as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. A variety of factors could cause the company's actual results to differ from the anticipated results expressed in such forward-looking statements. These include, among others, uncertainties stemming from the dependence of the company on foreign sales and on large orders from a relatively small number of customers, risks relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the decline in the company's traditional defense business and the company's efforts to develop and market consumer products, lack of timely development or customer acceptance of new products, worldwide economic downturns and currency devaluations Currency devaluation A deliberate downward adjustment in the official exchange rates established, or pegged, by a government against a specified standard, such as another currency or gold. , restrictions that may be imposed by the U.S. government on the export of company products, and the impact of competition. Investors are referred to the company's periodic reports under the Securities Exchange Act of 1934, including without limitation the Investment Considerations set forth in the company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . Datron Systems provides products and services addressing the needs of emerging satellite and radio communication markets. DIRECTV and DIRECTV AIRBORNE are trademarks of DIRECTV Inc., a unit of Hughes Electronics Corp. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion