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DeCrane Subsidiary Aerospace Display Systems Acquires Marconi Display Product Line.


Business Editors

HATFIELD, Pa.--(BUSINESS WIRE)--June 18, 2001

Aerospace Display Systems (ADS), a subsidiary of DeCrane Aircraft Holdings, has acquired the liquid crystal display liquid crystal display (LCD)

Optoelectronic device used in displays for watches, calculators, notebook computers, and other electronic devices. Current passed through specific portions of the liquid crystal solution causes the crystals to align, blocking the passage of light.
 (LCD) product line from Marconi Applied Technologies of Chelmsford, England.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 ADS President Andrew Orr: "With the acquisition of the display product line, ADS will offer a broader range of LCD products for use in aircraft flight decks. We will provide avionics manufacturers with a single source for their custom LCD needs."

Marconi's strengths in the design and fabrication fabrication (fab´rikā´shn),
n the construction or making of a restoration.
 of first minima twisted nematic See TN.  (FMTN) displays will supplement ADS' existing display and display related product lines. FMTN technology provides a high contrast display for optimal operation under bright backlit An LCD screen that has its own light source from the back of the screen, making the background brighter and characters appear sharper.  conditions.

Manufacturing and product support of the Marconi product line have been transferred to ADS' Hatfield facility.

ADS, part of the DeCrane Aircraft Specialty Avionics Group, develops and manufactures liquid crystal display and display module products for the aerospace industry.

As a leader in systems integration for the corporate and commercial aviation industry, DeCrane Aircraft has focused on strategic acquisitions of leading aircraft component manufacturers with complementary products and technologies.

Founded in 1989, DeCrane Aircraft Holdings Inc. is a subsidiary of DLJ Merchant Banking Partners DLJ Merchant Banking Partners (DLJMB) is a LBO-focused private equity firm of Credit Suisse. DLJMB has offices in New York, London and Los Angeles. External links
  • DLJ Merchant Banking Partners
 II, L.P. DLJ Merchant Banking Partners II, L.P. is a $3 billion fund dedicated to private equity and equity-related investments.

Note: Except for historical information contained herein, this document 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.
 within the meaning of 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. These statements involve known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the company operates in an industry sector where securities values may be volatile and may be influenced by regulatory and other factors beyond the company's control. Important factors that the company believes might cause such differences are discussed in the cautionary statements accompanying the forward-looking statements in the company's reports filed with the Securities and Exchange Commission. In assessing forward-looking statements contained herein, readers are urged to read carefully all cautionary statements contained in those filings with the Securities and Exchange Commission.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jun 18, 2001
Words:357
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