Parlex to Supply Products for Space Mission.Business Editors/High-Tech Writers METHUEN, Mass.--(BUSINESS WIRE)--June 14, 2004 Parlex Corporation (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 : PRLX PRLX Parallax ) announced today that it has been awarded contracts totaling over $1 million from the Stanford Linear Accelerator Center
The Stanford Linear Accelerator Center (SLAC) is a United States Department of Energy National Laboratory operated by Stanford University under the programmatic direction of the U.S. (SLAC SLAC Stanford Linear Accelerator Center SLAC Student Labor Action Coalition SLAC Scapholunate Advanced Collapse (wrist disorder) SLAC Salt Lake Acting Company (Utah) SLAC Student Learning Assistance Center ) to supply rigid flex circuit assemblies for production of the Gamma Ray Large Camera Space Telescope (GLAST GLAST Gamma Ray Large Area Space Telescope ). The GLAST Mission is part of NASA's Office of Space and Science Strategic Plan, with launch anticipated in February 2007. GLAST is a next generation high-energy gamma-ray observatory designed for making observations of celestial gamma-ray sources in the energy band extending from 10 MeV to more than 100 GeV. The GLAST project is funded in the United States by NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. and Department of Energy and by government agencies in France, Italy, Japan, and Sweden. Commenting on the award, Peter Murphy, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said "We are extremely pleased to be part of a global leading-edge project such as GLAST. SLAC recognized our ability to support their technological requirements, as well as our ability to meet their very aggressive schedule." About Stanford Linear Accelerator Center SLAC is one of the world's leading research laboratories. Established in 1962, it is located at Stanford University in Menlo Park, CA and funded by the Department of Energy. Its mission is to design, construct and operate state-of-the-art electron accelerators and related experimental facilities for us in high-energy physics and synchrotron synchrotron: see particle accelerator. synchrotron Cyclic particle accelerator in which the particle is confined to its orbit by a magnetic field. The strength of the magnetic field increases as the particle's momentum increases. radiation research. It is recognized internationally with 3,000 visiting scientists from US universities, national laboratories, industrial concerns and foreign countries. SLAC has a highly trained and award winning staff of physicists, engineers, computer scientists and other professionals. Their work has been recognized with three Nobel Prizes in physics. About Parlex Corporation Parlex Corporation is a world leader in the design and manufacture of flexible interconnect products. Parlex produces custom flexible circuits and laminated cables utilizing proprietary processes and patented technologies, which are designed to satisfy the unique requirements of a wide range of customers. Its manufacturing facilities are located in the United States, China, Mexico, and the United Kingdom. The foregoing contains certain forward-looking statements. The Company's actual results of operations may differ significantly from those contemplated by such forward-looking statements as a result of various factors beyond its control, including economic conditions in the electronics industry, particularly in the principal industry sectors served by the Company, changes in customer requirements and in the volume of sales to principal customers, competition and technological change. For a detailed discussion of these and other cautionary statements, please refer to Parlex's filings with the Securities and Exchange Commission. |
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