Dense-Pac Microsystems Inc. receives an order from Defense Supply Center for $242,000 and introduces a universal 1997 Memory Data Book.GARDEN GROVE Garden Grove, city (1990 pop. 143,050), Orange co., S Calif., a suburb of Long Beach and Los Angeles, on the Santa Ana River; founded 1877, inc. 1956. Many of its residents work in nearby aerospace and defense installations, and there is light manufacturing. , Calif.--(BUSINESS WIRE)--March 11, 1997--Dense-Pac Microsystems Inc. (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 :DPAC DPAC Denver Performing Arts Complex (CO, USA aka: DCPA) DPAC Deferred Policy Acquisition Costs (insurance) DPAC District Parent Advisory Committee DPAC Dover Partnership Against Crime ) Tuesday announced that the company has received a purchase order from Defense Supply Center in Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. , for $242,000 for Dense-Pac's high density, sole source, ceramic custom module. The module, which is used in a high-speed digital communications Transmitting text, voice and video in binary form. See communications. transceiver is used for the LANTIRN LANTIRN Low-Altitude Navigation & Targeting Infrared for Night infrared targeting system for night targeting. At the same time the company introduced its new universal 1997 Memory Data Book for its memory products. The product will be used for upgrades in the infrared tracking system. 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. Lockheed Martin's recent press release describing the LANTIRN Program, "The Low Altitude Navigation and Targeting Infrared system for Night (LANTIRN) enables fighter pilots to fly beneath enemy radar in total darkness, at speeds exceeding 500 mph ..." "As stated previously, Dense-Pac's marketing strategy is to aggressively identify and target these upgrade opportunities," states Uri Levy, chief executive officer and chairman of the board. "Dense-Pac has been a supplier to the military marketplace since 1981. This business will contribute to Dense-Pac's revenue as avionic equipment continues to upgrade to advanced technology. With the new marketing approach to rebuild our OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customer base with specific industry applications, Dense-Pac already began re-introducing this product to specialized space, satellite and military customers in the domestic and the international markets. The Dense-Pac ceramic memory products have been determined to have significant market acceptance for those applications requiring high density memory requirements to withstand more severe rugged environment and speed performance." Levy went on to state, "Dense-Pac introduced its new 1997 Memory Data Book this week, which contains over 800 pages of the company's commercial and military products currently offered by Dense-Pac. This Data Book will be one of our selling tools and engineering support for our OEM customers. We are also in the process of having all of our data sheets accessible on the Internet for remote printing." Dense-Pac Microsystems Inc. designs and manufactures proprietary computer chip stacking technology that allow the company's governmental and commercial customers to pack huge amounts of memory into small spaces. Its memory technology can be used in such diverse areas as space satellites and space missiles, high performance auto engines, computer servers and cellular phones. The company's Web site is at www.dense-pac.com . -0- Statements regarding the company's expectations about growth and marketing strategies, new and existing products, future financial performance and other forward looking statements are subject to various risks and uncertainties, including, without limitation, demand and acceptance of new and existing products, technological advances and product obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. , availability of semi-conductor devices at reasonable prices, competitive factors and the availability of capital to finance growth. These and other risks are discussed in greater detail in the company's filings with the Securities and Exchange Commission. CONTACT: Stern & Co. Dick Stern or Henry Ling, 212/777-7722 or Dense-Pac Microsystems Inc. William M. Stowell, 714/898-0007 |
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