Metrologic Receives Contract Modification for Additional Funding From a Customer for its Advanced Optical Systems Division.
"We are pleased to be awarded additional funding on this effort and look forward to supporting our customer's needs" stated Jeffrey Yorsz, AOA's President and General Manager. "This additional funding illustrates our continued commitment and focus on growth in the optical systems portion of our business."
For proprietary reasons, this customer has requested that Metrologic not release its name.
About Metrologic and AOA
Metrologic Instruments, Inc. ("Metrologic" or the "Company") designs, manufactures and markets bar code scanning and high-speed automated data capture systems solutions using laser, holographic and vision-based technologies. Metrologic offers expertise in 1D and 2D bar code reading, portable data collection, optical character recognition, image lift, and parcel dimensioning and singulation detection for customers in retail, commercial, manufacturing, transportation and logistics, and postal and parcel delivery industries. In addition to its extensive line of bar code scanning and vision system equipment, the Company also provides a variety of highly sophisticated optical systems used by the commercial, government, and scientific communities. Metrologic products are sold in more than 110 countries worldwide through Metrologic's sales, service and distribution offices located in North and South America, Europe and Asia. For more information please call 1-800-ID-METRO or visit www.metrologic.com.
Forward-looking statements contained in this release are highly dependent upon a variety of important factors which would cause actual results to differ materially from those reflected in such forward looking statements. Specifically, the timing and extent to which the Company's subsidiary receives additional funding awards under the contract could cause actual results to differ from expectations. When used in this release and documents referenced, the words "believes," "expects," "may," "should," "seeks," or "anticipates," and similar expressions as they relate to Metrologic or its management are intended to identify such forward-looking statements. For additional factors, please see Metrologic's reports filed with the Securities and Exchange Commission.