Video Display Corporation Receives $5,100,000 in Radar Display Orders.Business Editors/High-Tech Writers TUCKER, Ga.--(BUSINESS WIRE)--Nov. 5, 2002 Video Display Corporation (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 :VIDE vi·de v. Abbr. v. See. Used to direct a reader's attention. [Latin vid  , sing. ) announced the initial shipments of $556,000 against its current backlog of $5,100,000 in new orders for its patented Charactron radar displays. The specialty display is manufactured exclusively by Video Display Corporation's Lexel Imaging Systems division in Lexington, Kentucky, utilizing electron guns manufactured by VDC's Southwest Vacuum Devices division in Tucker, Georgia. A new $2,800,000 booking represents an add-on to the original order of $2,300,000 received by the Lexel Imaging division for a total of $5,100,000 during the Company's 2/28/03 fiscal year. The Charactron radar display was previously manufactured by the Datagraphix division of Anacomp Corporation in Poway, California, which was acquired by Video Display Corporation and transferred to its Lexington, Kentucky and Tucker, Georgia facilities during fiscal 2002. The display is primarily used in Naval radar defense applications. Video Display Corporation is a leading supplier of a complete range of Display Products and component parts for the Display industry. Its product line consists of a wide variety of electron optic parts for 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 cathode ray tube See CRT. (hardware) cathode ray tube - (CRT) An electrical device for displaying images by exciting phosphor dots with a scanned electron beam. CRTs are found in computer VDUs and monitors, televisions and oscilloscopes. and monitor manufacturers, monochrome and color CRTs for medical, military, industrial and television applications, high and low end monochrome and color 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. and AMLCD (Active Matrix LCD) See active matrix. monitor displays for specialty high performance and ruggedized requirements and a complete array of replacement parts for the consumer electronics industry. Video Display is headquartered in Tucker, Georgia, with 16 manufacturing and 7 warehousing and sales facilities in the United States, Mexico, United Kingdom and mainland Europe. This press release contains forward-looking statements as that term is defined in 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. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. |
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