U.S. Navy Awards Contract to Telenetics for Microwave Radios.Business/Technology EditorsLAKE FOREST, Calif.--(BUSINESS WIRE)--March 8, 2001 Telenetics Corp. (Nasdaq:TLNT TLNT Tweede Luitenant (Dutch) TLNT Telephony Network TLNT Trunk Link Network ) announced today that it has been awarded a multi-year contract for approximately $876,000 by the U.S. Navy's Fleet and Industrial Supply Center for delivery of its Micropass(TM) series of microwave radios. The contract requires first delivery and installation of Micropass(TM) radios in the Navy's aerial aerial: see antenna, in electronics. targeting and gunnery ranges within 90 days. The microwave radios to be purchased under this contract will be utilized by the Naval Warfare naval warfare Military operations conducted on, under, or over the sea and waged against other seagoing vessels or targets on land or in the air. The earliest naval attacks were raids by the armed men of a tribe or town using fishing boats or merchant ships. Assessment Station as a key part of their scoring and target accuracy system. The Navy's sophisticated scoring systems Noun 1. scoring system - a system of classifying according to quality or merit or amount rating system classification system - a system for classifying things rely on wireless microwave signaling technology due to the damage that terrestrial-based links such as cable or fiber sustain during actual bombing and gunnery practice. The Navy Warfare Assessment Station provides these systems to several branches of the military including the U.S. Navy and U.S. Air Force. Telenetics' Micropass(TM) microwave radios have been previously installed on selected U.S. Army bases including Kuwait as the backbone of a Closed Circuit Television system deployed by the Army, which transmits video images over the wireless backbone network A backbone network provides a path for the exchange of information between different LANs or subnetworks.[1] A backbone can tie together diverse networks in the same building, in different buildings in a campus environment, or over wide areas. . The systems are used for security and the transmission of video images between facilities on the Army bases. Based in Lake Forest, Telenetics(TM) is a leader in wired and wireless data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. solutions for utility, transportation, oil & gas, industrial automation applications and commercial networking systems. Telenetics offers a wide range of industrial grade modems and wireless products, systems and services for connecting its customers to end-point devices such as meters, remote terminal units, traffic and industrial controllers and remote sensors
Telenetics also provides high-speed communications products for complex data networks used by financial institutions, air traffic control systems and public and private wireless network operators. The company is developing an advanced wireless data network enabling a wide range of customers to reliably and economically communicate through the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the with their remote devices. Additional information may be obtained at www.telenetics.com. Forward-Looking Statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Disclosure: Certain of the statements contained in this news release are "forward-looking statements" that involve risks and uncertainties. Actual future results could differ materially from these statements. Factors that could cause or contribute to such differences include but are not limited to the inability of the company to adequately finance its increased production requirements, including the production requirements associated with the Navy's contract, and those discussed in the company's Form 10-KSB for the year ended Dec. 31, 1999 and Form 10-QSB for the period ending Sept. 30, 2000. |
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