OIS RECEIVES NEW ORDERS
OIS RECEIVES NEW ORDERS TROY, Mich., Dec. 19 /PRN/ -- OIS Optical Imaging Systems, Inc.
("OIS") (OTC: OVON) announced today that it was awarded a major contract by Smiths Industries Aerospace & Defence Systems, England ("Smiths Industries") to develop and deliver 6.5-inch-by-6.5-inch active matrix liquid crystal displays for avionic applications.
In addition to the Smiths Industries contract, OIS recently received three (3) significant contracts for a total of $1.8 million. Included in this amount is an order of approximately $900,000 to supply flat panel displays to a major U.S. avionics corporation, as well as a $657,000 purchase order from Societe de Fabrication de Instruments de Mesure (SFIM) of France to manufacture 15 displays for use in the European Tiger helicopter program. In the past six months, OIS has been awarded development and production contracts totaling $6.2 million, compared to $3.0 million in the previous 12 months. Rex Tapp, OIS president, stated: "We are delighted that a number of customers around the world are recognizing OIS' capabilities and issuing purchase orders." OIS develops and manufactures flat panel displays using active matrix liquid crystal technology. OIS' principal customers purchase displays for military and avionic applications. -0- 12/19/91 /CONTACT: Joseph Ben-Gal or David Marvin of OIS Optical Imaging Systems, Inc., 313-362-2738/ (OVON) CO: OIS Optical Imaging Systems, Inc. ST: Michigan IN: CPR SU: CON
SM -- DE004 -- 3801 12/19/91 10:34 EST
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|Date:||Dec 19, 1991|
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