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L-3 Communications Acquires Mobile-Vision, Inc.; Leading Supplier of In-Vehicle Video Recording Systems for Law Enforcement.

NEW YORK -- L-3 Communications (NYSE: LLL) announced today that it acquired Mobile-Vision, Inc. on April 12, 2005. The company will be renamed L-3 Communications Mobile-Vision, Inc. and is expected to be accretive to L-3 Communications' results for 2005. The terms of the transaction were not disclosed.

Located in Boonton, New Jersey, Mobile-Vision is a leading supplier of in-vehicle video recording systems for law enforcement agencies, with a product line that includes both analog and digital recording systems, plus associated peripherals. Currently, Mobile-Vision has an installed product base of over 50,000 systems for over 4,500 state and local law enforcement agencies.

The company's Flashback(TM) digital video recording system includes a console-mounted digital video recorder with a solid-state flash memory, a video camera, wireless microphone and a small LCD monitor. The system allows simultaneous recording of up to two video sources and three audio sources, plus supporting data including time, date and GPS location. Mobile-Vision also offers software and servers for reviewing and archiving video records.

"With its excellent market position, solid customer relationships and large installed base, Mobile-Vision is an excellent fit with L-3's growing public safety and homeland security segments," said Frank C. Lanza, chairman and chief executive officer of L-3 Communications. "We are following through on our strategy to develop total solutions for communications and information fuzing and recording for the first responder organizations of local municipalities and federal, state, county and civic agencies. Mobile-Vision, with its broad user base, will create new opportunities for L-3 as we expand in this area."

Mr. Lanza also noted that Mobile-Vision will be a part of L-3's Products Group which is overseen by senior vice president and Products Group president and chief operating officer, Charles J. Schafer.

Headquartered in New York City, L-3 Communications is a leading provider of Intelligence, Surveillance and Reconnaissance (ISR) systems, secure communications systems, aircraft modernization, training and government services and is a merchant supplier of a broad array of high technology products. Its customers include the Department of Defense, Department of Homeland Security, selected U.S. Government intelligence agencies and aerospace prime contractors.

To learn more about L-3 Communications, please visit the company's web site at www.L-3Com.com.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company's Safe Harbor Compliance Statement for Forward-looking Statements included in the company's recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.
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Publication:Business Wire
Date:Apr 14, 2005
Words:473
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