Planar Systems announces receipt of $3M order for high-performance CRTs for defense aircraft.BEAVERTON, Ore.--(BUSINESS WIRE)--Nov. 25, 1996--Planar Systems 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 :PLNR) today announced it has received a $3 million subcontract order from Smiths Industries Aerospace for high-performance, taut shadow mask CRT (1) (C RunTime) See runtime library. (2) (Cathode Ray Tube) A vacuum tube used as a display screen in a computer monitor or TV. The viewing end of the tube is coated with phosphors, which emit light when struck by electrons. products as part of an order from the U.S. Navy's Aviation Supplies Organization (ASO ASO arteriosclerosis obliterans. ASO 1 Administrative services organization, see there 2 Allele-specific–oligonucleotide hybridization 3 Anti-streptolysin O, see there ). These displays are used in F-18 C/D Hornet hornet: see wasp. and AV-8B Harrier fighter cockpits as a Multi-Purpose Color Display (MPCD MPCD Multipurpose Color Display MPCD Minimum Perceptible Color Difference MPCD Multi-particle Collision Dynamics MPCD Multi Purpose Color Display MPCD Microsoft Press Computer Dictionary ) for pilots. The MPCD displays maps, flight information, aircraft status and combat data. Both aircraft platforms are expected to be flying until the year 2020. Planar is the sole supplier of these display CRTs. "We had expected to receive this order earlier in 1996," said Al Herman, vice president and general manager of Planar Advance. "We will begin shipping this quarter and continue making deliveries throughout the fiscal year." Planar Systems Inc. is a worldwide leader in the development, manufacture and marketing of high-performance flat panel and CRT display OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and components and systems. The primary market sectors that Planar serves today are medical, industrial, instrumentation, transportation and federal. The company competes on a global basis with full development, manufacturing and marketing operations in both the United States and Europe. -0- "Safe Harbor" Statement under the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including, but not limited to, product demand and market acceptance risk, the effect of economic conditions, the impact of competitive products and pricing, product development, commercialization and technological difficulties, capacity and supply constraints or difficulties, the results of financing efforts, actual purchases under agreements, the effects of the company's accounting policies, and other risks detailed in the company's Securities and Exchange Commission filings. PLANAR and the Definition of Quality are registered trademarks of Planar Systems Inc. CONTACT: Planar Systems Inc. Jack Raiton, 503/690-6959 |
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