Telephonics to Supply RDR-1700 And APS-143B(V)3 Radar.
FARMINGDALE, N.Y.--(BUSINESS WIRE)--June 11, 2001
Telephonics Corporation, a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
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 ), today announced receipt of contracts of approximately $13.0 million for its new RDR-1700 Search, Surveillance and Weather Avoidance Radar system and its APS-143B(V)3 Surveillance Radar.
Telephonics will provide up to twenty three RDR-1700 for use on Agusta-Westland naval helicopters, and three APS-143B(V)3 for use on an unnamed fixed-wing platform for airborne anti-drug surveillance activities. Delivery of these systems is expected to take place over the next 18 to 24 months.
The RDR-1700 multi-mode, X-band radar X band is a radio frequency range designation that denotes the operational frequency of a specific radar system. X band is only one band among many; others include: S band, C band, K band, L band, and W band. X-band radar, itself has a variety of types. has a flexible design that allows installation in helicopters as well as fixed-wing aircraft "Airplane" and "Aeroplane" redirect here. For other uses, see Airplane (disambiguation).
A fixed-wing aircraft is a heavier-than-air craft where movement of the wings in relation to the aircraft is not used to generate lift. for support of search and rescue activities that require detection of small vessels. The system has an integral target tracking capability. At a weight of less than 35 kilograms and with three search modes and 360-degree digital color scanning, this radar is ideal for coastal activities including Search and Rescue, drug interdiction The interception of illegal drugs being smuggled by air, sea, or land. See also counterdrug operations. , customs, anti-smuggling and the detection of illegal fishing.
The APS-143B(V)3 coherent X-band radar is a multi-mode radar system installed on a variety of helicopter and fixed-wing aircraft and optimized for small target detection. Weighing in at less than 80 kilograms, it is uniquely qualified for installation on small, long-range platforms. More than three hundred APS-143 systems are in use around the world on a variety of helicopter and fixed-wing platforms, with a significant number used for drug interdiction.
"Telephonics has sold over 300 RDR-1500B systems, the predecessor of the RDR-1700." explained Joseph J. Battaglia, Telephonics' president. This first sale of this upgraded system to a major helicopter supplier is a significant step for Telephonics. Likewise, our continuing sales of the APS-143B(V)3 in a multitude of airborne configurations exemplify the flexibility of our designs and the "Best Value for the Money" concept we adhere to. Across the globe our systems' lightweight design and flexible installation have made them a popular choice for low and medium altitude maritime and air surveillance missions."
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 two operating divisions: Communications Systems, specializing in aircraft intercommunications, mass transit communications, wireless and audio products; and Command Systems, specializing in traffic management systems, and maritime surveillance radar and aerospace electronics; and two wholly-owned subsidiaries, TLSI TLSI The London Skills Institute (UK) and the newly formed Telephonics Wireless. Operating under the Telephonics umbrella, TLSI (www.tlsi.com) manufactures application-specific integrated circuits (ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. ) for the telecommunications, automotive and industrial security markets. The goal of Telephonics Wireless is to provide innovative wireless data infrastructure products that fundamentally increase the speed, capacity and performance of wireless communication networks.
About Griffon griffon: see Brussels griffon; wirehaired pointing griffon.
In addition to developing and manufacturing information and communication systems for government and commercial markets worldwide, Griffon Corporation is also a 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
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.
"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.