Zyfer Inc. Receives $550,000 Order From U.S. Prime Contractor for GPS SAASM-Enabled Systems.Business Editors ANAHEIM, Calif.--(BUSINESS WIRE)--Aug. 22, 2002 Zyfer Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Odetics Inc. (Nasdaq:ODETA)(Nasdaq:ODETB) and leading provider of systems for network timing and synchronization, today announced that they have received an order valued at $550,000 for GSync(TM), their newest SAASM SAASM Selective Availability Anti-Spoofing Module SAASM Selective Availability Anti-Spoofing Module (US DoD GPS system) GPS-aided product. SAASM, the Selective Availability A function in the GPS navigation system that deliberately introduced random errors for civilian GPS receivers. It was implemented to prevent enemy troops on foreign soil from using the GPS system to their advantage, while allowing friendly troops to obtain the true signals in GPS Anti-Spoof Module, represents the latest in military GPS receiver technology that secures continuous operation of communication terminals in case of threats to the availability of the GPS signals The Global Positioning System (GPS) satellites broadcast a variety of signals to receivers (termed the 'user segment' of the system) to enable the determination of location and synchronized time. . When the SAASM technology is applied to communications time and frequency systems, it secures synchronization of critical links and networks. GSync(TM) is used in mobile satellite terminals that provide voice, video, data and command/control communications. Delivery of the order is expected to be completed during the third fiscal quarter ending December 2002. "Our GSync(TM) was chosen for two reasons: first, Zyfer is a government-approved developer for GPS SAASM functionality and second, for meeting the stringent low phase noise performance requirements needed in satellite communications environments," said Hugo Fruehauf, 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 Zyfer. About Zyfer Inc. Zyfer designs, develops and manufactures precision time/frequency generation and synchronization systems for communications, computer networks and military command/control terminals. The company focuses on high performance and the security aspects of the electronic data traffic over ground and satellite links, as well as computer networks. About Odetics Odetics develops products and services to address the safety, security and management of roadways, facilities and networks. Odetics is a market leader for video-based sensors used in traffic intersection control and automotive safety, a supplier of facility access control and Environmental Security systems and a developer of broadcast automation systems. Odetics is also a leading provider of equipment built around specific government mandates for secured communications. Odetics has headquarters in Anaheim. Investors are encouraged to contact the company at 714/774-5000 or at http://www.odetics.com. Important Notice This news release contains statements that may be deemed to be forward-looking. These forward-looking statements may include statements about new orders, revenue growth and other statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the operating results of Odetics or its subsidiaries. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors such as: short product lives, technological shifts, current technical issues that cannot be resolved on a timely basis, component availability, competition (including new and directly competitive products from others), pricing pressures, incorrect assumptions regarding market demand, the significant uncertainty of market acceptance of new products by both distributors and end-user customers, unanticipated capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. , retention of key personnel, general economic conditions and other factors identified in Odetics' 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 Quarterly Report on Form 10-Q Form 10-Q See 10-Q. . Investors are strongly encouraged to review the risk factors set forth in Odetics' most recent SEC filings. |
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