United Nation's Contract Puts Sutron's YTD Bookings at Record $17,815,824.STERLING, Va. -- Dr. Raul McQuivey, 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. of Sutron Corporation, America's leader in remote hydro-met monitoring since 1975, announced today both unprecedented year-to-date bookings of $17,815,824 and award of a contract from the United Nations. "2004 is a tremendous year for Sutron," McQuivey said. "Our sales expectations as well as the projected success of Sutron's new meteorological me·te·or·ol·o·gy n. The science that deals with the phenomena of the atmosphere, especially weather and weather conditions. [French météorologie, from Greek and hydrological hy·drol·o·gy n. The scientific study of the properties, distribution, and effects of water on the earth's surface, in the soil and underlying rocks, and in the atmosphere. applications have been met and exceeded." "Today's $248,498 win from the United Nations Office for Project Services The United Nations Office for Project Services (UNOPS), is dedicated exclusively to implementing projects for the United Nations system, international financial institutions, and governments. is representative of the booming international business attracted to our new systems solutions, especially those built on Sutron's weather satellite technology. Because today's contract - to replace the first 20 out of 60 existing Data Collection Platforms (DCPs) comprising the HYDRONIGER Data Collection Network - involves nine African countries and METEOSAT, Europe's weather satellite, its award confirms Sutron's dominant status in worldwide hydro-met data collection." Established in 1984, the HYDRONIGER System assists the River Niger riparian riparian adj. referring to the banks of a river or stream. (See: riparian rights) countries in combating floods and droughts, enhancing river navigation and securing agricultural and power production. Participating countries include Benin, Burkina Faso, Cameroon, Cote d'Ivoire, Guinea, Mali, Niger and Nigeria. Sutron will provide replacement DCPs for the first 20 of 60 METEOSAT stations as well as system accessories, spare parts, installation, and training. It is expected contracts to replace the remaining 40 DCPs will be priced proportionately. Sutron's month-to-date December bookings, currently $1,013,450, include $432,773 in orders announced earlier this month plus new contracts from the following organizations: Clemson University - $40,115; National Data Buoy Center The National Data Buoy Center (NDBC), is a part of the National Oceanic and Atmospheric Administration's (NOAA) National Weather Service (NWS). NDBC designs, develops, operates, and maintains a network of data collecting buoys and coastal stations. - $46,240; the Fort Worth Army Corps of Engineers - $99,595; the Meteorology meteorology, branch of science that deals with the atmosphere of a planet, particularly that of the earth, the most important application of which is the analysis and prediction of weather. Service of the Netherlands Antilles - $65,763; and orders from Brazil and Canada. This release contains forward-looking statements, including statements regarding Sutron's expected commercial operations. These forward-looking statements are based on a number of assumptions and Sutron's actual results and operations may be materially different from those expressed or implied by such statements. |
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