EDO FIBER SCIENCE ANNOUNCES $4.5 MILLION CONTRACT FROM GERMAN-BASED ENERCON.SALT LAKE CITY--(BUSINESS WIRE)--March 17, 1995--EDO Fiber Science, the advanced composite materials manufacturing unit of EDO Corporation EDO Corporation (NYSE: EDO) is an American company that designs and manufactures products for defense, intelligence, and commercial markets, and provides related engineering and professional services. It employs 4,000 people worldwide and had revenues of $715 million in 2006. (NYSE NYSE See: New York Stock Exchange :EDO Edo: see Tokyo, Japan. ), today announced the receipt of an order from ENERCON ENERCON National Energy Conservation Centre (Pakistan) ENERCON Energy Conservation Consultants (Sioux Falls, SD) , a German company, for delivery of composite wind blades. The approximate value of the contract is $4.5 million. The ENERCON E-40 fiberglass 67 foot wind blade converts wind into electrical energy. The blades are grouped and assembled into three-bladed propellers which, when mounted on towers, capture the wind's energy. The result is a high-tech windmill. These wind-energy converters will be clustered on wind farms in Texas to generate energy for Southwestern utility companies. ENERCON, a manufacturer of energy-generating equipment, is based in Aurich, Germany. The agreement with EDO Fiber Science marks ENERCON's entrance into the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. market. Frank A. Fariello, President and Chief Executive Officer of EDO Corporation, said: "The selection of EDO Fiber Science was based upon its long and successful record of producing superior advanced composite products to demanding specifications. From this contact base, we hope to further expand our presence in the wind energy market both in the U.S. and in international markets. "The contract with ENERCON also represents further progress in the application of EDO's composite technology to the civilian and commercial marketplace. As an example, EDO Fiber Science is under contract to manufacture advanced composite components for commercial airliners for Boeing, McDonnell Douglas McDonnell Douglas was a major American aerospace manufacturer and defense contractor, producing a number of famous commercial and military aircraft. It merged with Boeing in 1997 to form The Boeing Company. , Germany's Deutsche Airbus, and Canada's Canadair, among others." Principally a designer and manufacturer of advanced electronic, acoustic, aerodynamic and hydrodynamic hy·dro·dy·nam·ic also hy·dro·dy·nam·i·cal adj. 1. Of or relating to hydrodynamics. 2. Of, relating to, or operated by the force of liquid in motion. equipment for military applications and marine and aviation markets, EDO has been pursuing the application of its sophisticated and diverse defense-related technologies to civilian and commercial markets with particular emphasis on the natural gas vehicle and other alternative energy equipment applications. CONTACT: Michael Hegarty Van Negris EDO Corporation Kehoe, White, Savage & Co., Inc. 718/321-4050 212/888-1616 |
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