Telephonics Selected for U.S. Coast Guard Boat Program.Telephonics TruLink[TM] to be used for U.S. Coast Guard Wireless Crew Communication System FARMINGDALE, N.Y. -- Telephonics Corporation, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the Griffon Corporation Griffon Corporation (NYSE: GFF), founded in 1959, is a diversified manufacturing firm. Its primary divisions include, Clopay Building Products, Clopay Service Company, Clopay Plastics Products, and Telephonics Corporation. (NYSE NYSE See: New York Stock Exchange :GFF GFF Gain Flattening Filter (used in Erbium Doped Fiber Amplifier) GFF Glass Fiber Filter GFF Grain Foods Foundation GFF Generic File Format (application data) GFF Government Furnished Facility ) announced today that it has been awarded a five-year Indefinite Delivery/ Indefinite Quantity Noun 1. indefinite quantity - an estimated quantity quantity, measure, amount - how much there is or how many there are of something that you can quantify (IDIQ IDIQ Indefinite Delivery, Indefinite Quantity (contracting/procurement) ) contract from the U.S. Coast Guard for the TruLink(TM) Wireless Intercommunication in·ter·com·mu·ni·cate intr.v. in·ter·com·mu·ni·cat·ed, in·ter·com·mu·ni·cat·ing, in·ter·com·mu·ni·cates 1. To communicate with each other. 2. To be connected or adjoined, as rooms or passages. System. The IDIQ contract streamlines acquisition by creating a more direct buying route for customers to use in purchasing TruLink equipment. This IDIQ contract has a potential contract value in excess of $6M over the next five years. The U.S Coast Guard Office of Small Boat Forces plans to install a Wireless Crew Communication System (W-CCS) on its fleet of 47' Motor Life Boats. Current noise conditions Noun 1. noise conditions - the condition of being noisy (as in a communication channel) condition, status - a state at a particular time; "a condition (or state) of disrepair"; "the current status of the arms negotiations" on-board the Motor Life Boat creates an environment that prevent normal conversational voice. Crewmembers must alter normal routine, move close to each other and shout or yell in each other's ears to communicate. This altered routine in conjunction with yelling to communicate causes a fatiguing and potentially hazardous environment. TruLink, configured for the W-CCS mission, will allow crewmembers the capability to communicate to one another during all aspects of mission. The boat's coxswain will have the additional capability to communicate to land based stations, operational commanders, other boats, ships and aircraft that may be encountered in the performance of assigned missions. Telephonics is supplying a modified version of its TruLink Wireless Intercommunication System currently in use by commercial and military customers. The modified version of TruLink is repackaged to survive the harsh maritime environment The oceans, seas, bays, estuaries, islands, coastal areas, and the airspace above these, including the littorals. U.S. Coast Guard small boats are subject to. The modified version of the system will survive submergence depths of up to 20 feet. Work on this program will be performed at the Telephonics facilities in Farmingdale and Huntington, NY. About Telephonics A subsidiary of Griffon Corporation (NYSE: GFF), Telephonics' (www.telephonics.com) broad based, high-tech engineering capabilities provide integrated information and communication systems solutions to both domestic and international markets. The company is organized into four operating divisions: Communications Systems, specializing in aircraft intercommunications, wireless and audio products; Radar Systems, specializing in maritime surveillance radar and identification friend or foe The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. interrogators; Electronic Systems, specializing in air traffic management systems, landing and guidance systems, homeland security, and custom application specific integrated circuits for military and commercial applications; and the Systems Engineering Group provider of air and missile defense threat analysis, combat systems engineering and analysis, and radar systems engineering and software development. About Griffon Corporation In addition to developing and manufacturing information and communication systems for government and commercial markets worldwide, Griffon Corporation is also an international leader in the development and production of embossed em·boss tr.v. em·bossed, em·boss·ing, em·boss·es 1. To mold or carve in relief: emboss a design on a coin. 2. and laminated specialty plastic films used in the baby diaper, feminine napkin, adult incontinent in·con·ti·nent adj. 1. Lacking normal voluntary control of excretory functions. 2. Lacking sexual restraint; unchaste. , surgical and patient care markets. Griffon Corporation is also a leading manufacturer and marketer of residential, commercial and industrial garage doors sold to professional installing dealers and major home center retail chains. Through a substantial network of operations located throughout the country, Griffon's building products company also installs and services specialty building products, primarily garage doors, openers, fireplaces and cabinets for new construction markets. Forward Looking Statements "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: All statements other than statements of historical fact included in this release, including without limitation statements regarding the company's financial position, business strategy and the plans and objectives of the company's management for future operations, are forward-looking statements. When used in this release, words such as "anticipate," "believe," "estimate," "expect," "intend," and similar expressions, as they relate to the company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the company's management, as well as assumptions made by and information currently available to the company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, business and economic conditions, competitive factors and pricing pressures, capacity and supply constraints. Such statements reflect the views of the company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the company. Readers are cautioned not to place undue reliance on these forward-looking statements. The company does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. [c] 2006 Telephonics Corporation. 815 Broad Hollow Road, Farmingdale, NY 11735. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies. |
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