Larson-Davis and HMMH reach agreement in principle.PROVO, Utah--(BUSINESS WIRE)--July 17, 1995--As a means to provide superior service and products to the airport noise monitoring market, Larson-Davis 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 :LDII) (LDI See OpenLDI. ) and Harris Miller Harris N. Miller is an American politician and businessman. He was formerly the president of the Information Technology Association of America and the World Information Technology and Services Alliance (WITSA). Miller & Hanson Inc. (HMMH HMMH High Mobility Material Handler ) have reached an agreement in principle to offer a total solution to airport noise monitoring needs. LDI owns technology known as Airport Noise and Operations Monitoring Systems (ANOMS ANOMS Airport Noise and Operations Monitoring System ) which provides integrated hardware and software noise monitoring systems used in more than 25 airports worldwide. HMMH has a long history of providing both management and consulting services to the airport and other transportation markets. Much of their work is done in airport noise mitigation Noise mitigation is a set of strategies to reduce unwanted environmental sound. The main topics of noise mitigation (alternatively known as noise abatement) are: transportation noise control, architectural design, and occupational noise control. , noise modeling, environmental assessments and support management. "This is a natural union of our combined efforts," stated Brian G. Larson, president of LDI. "We have ANOMS and hardware which furnish the backbone to the most sophisticated airport noise monitoring systems operating in the world today. "Harris Miller Miller & Hanson has a distinguished reputation for technical excellence, thorough familiarity with relevant regulations and review processes and an unusual capability to communicate effectively with airports and the interested public. Together we can provide a total solution to present and future acoustic regulation and control demands." Under the proposed agreement, LDI will provide to HMMH an exclusive license to the ANOMS technology as it applies to the transportation industry. LDI will have no restrictions with respect to exploiting this technology in any other markets. HMMH will assume the management and implementation of current airport noise monitoring system installation and maintenance contracts associated with ANOMS. HMMH will use its best efforts to include LDI hardware in any future airport monitoring system proposals. "Our clients include the FAA, Air Force, Navy, NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. , the National Park Service and numerous airport proprietors. We pride ourselves on the fact that HMMH solves environmental noise and vibration problems from transportation sources. We are excited to have this additional tool to enhance our current aviation business," stated Andrew S. Harris, chairman of HMMH. Completion of this transaction is subject to the negotiation and execution of the definitive agreements. While the parties have agreed on the principle terms of the transaction, there can be no assurance it can be completed. CONTACT: Corporate Relations Group, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Neil C. Sullivan, 800/396-5588 310/551-5209 (fax) |
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