White Electronic Designs Receives U.S. Patent for Its Super Bright Low Reflection -- SBLR -- Liquid Crystal Display Technology.Business Editors/High-Tech Writers PHOENIX--(BUSINESS WIRE)--Feb. 7, 2001 White Electronic Designs 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 : WEDC WEDC Water, Engineering and Development Centre (Loughborough University) WEDC Water Engineering Development Centre (Leicestershire, UK) WEDC World Economic Development Congress ) is pleased to announce that it has been awarded United States Patent 6,181,394 B1 for its Super Bright Low Reflectance (SBLR SBLR Simple Balanced Likelihood Ratio (TM)) technology. SBLR(TM) technology can significantly enhance the image quality of all Liquid Crystal Displays (LCDs) preserving image integrity in high ambient light. When combined with advanced optical coupling and index matching techniques, White believes that its patented SBLR technology produces the greatest contrast, lowest reflection, and highest data transmission rate of any display technology currently available in the $27 Billion LCD industry. This technology is expected to secure over $5 Million of display business for White Electronic Design Corp. during the calendar year 2001. "We are extremely proud of this achievement," stated Hamid Shokrgozar, Chairman & 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 White Electronic Design Corp. SBLR(TM) technology was originally developed to satisfy the military's need for rugged, sunlight readable instrumentation displays in the cockpits of combat aircraft and other military vehicles. The technology has subsequently begun the migration to the commercial and industrial marketplaces where it has been deployed in such diverse applications as in-flight entertainment systems, the oil exploration and service industries, commercial avionic instrumentation systems, hand held Global Positioning Systems, and outdoor point-of-sale stations. Shokrgozar continued, this patent signals the beginning of a "full court press" for dominance of the rapidly expanding display enhancement segment of the LCD industry. White Electronic Designs Corporation supplies the wired, wireless, and optical communications industry with niche semiconductor products that support network systems, switches, base stations, and other hardware platforms. The Company designs and manufactures innovative solutions for three high technology sectors in military and commercial markets: high-density memory products and multi-chip modules for data communications and telecommunications providers; ruggedized high-legibility flat panel display A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time for commercial/military aircraft and ordinance delivery systems; interface storage and retrieval devices, and electromechanical The use of electricity to run moving parts. Disk drives, printers and motors are examples. Electromechanical systems must be designed for the eventual deterioration of moving components that wear over time. The first TVs were electromechanical systems (see video/TV history). assemblies for OEM's in commercial and military markets. White is headquartered in Phoenix, Arizona, and has design and manufacturing centers in Arizona, Massachusetts and Indiana. To learn more about White Electronic Designs Corporation's business, as well as employment opportunities, please visit its website at http://www.whiteedc.com This news release may contain forward-looking statements usually containing the words "believe", "expect" or similar expressions. These statements are made pursuant to the 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. provisions of 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 . Future results of operations, projections, and expectations, which may relate to this release, involve certain risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the factors detailed in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and in the Company's other Securities and Exchange Commission filings. |
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