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OPTICAL IMAGING SYSTEMS, INC. SIGNS PRODUCTION AGREEMENT TO DELIVER DISPLAYS

 OPTICAL IMAGING SYSTEMS, INC. SIGNS PRODUCTION AGREEMENT
 TO DELIVER DISPLAYS
 TROY, Mich., Nov. 5 /PRNewswire/ -- OIS Optical Imaging Systems, Inc. (OTC: OVON) announced today that it has signed a production agreement for the delivery of advanced active matrix liquid crystal displays (AMLCDs).
 Under the agreement announced today, OIS is to manufacture and deliver production quantities of these displays over approximately 20 months beginning in February 1993 for an aggregate purchase price of $3.1 million. The customer is a well-known manufacturer of primary flight instruments used in commercial aircraft.
 In announcing the contract, OIS President Rex Tapp said, "OIS is proud to have received its first commercial, non-military production order. Although we are not at liberty to identify the customer, we appreciate the confidence expressed in OIS by a highly regarded producer of primary flight instruments."
 OIS is the only American producer of active matrix liquid crystal displays. OIS manufacturers displays for a wide range of military, avionic and commercial applications. OIS's high-technology AMLCDs have many advantages over the cathode ray and electro-mechanical displays currently used in aircraft. OIS displays offer exceptional image quality and superior integration with modern navigation and control systems, while weighing less and occupying far less space than conventional displays.
 OIS, which was founded in 1984, is a publicly traded affiliate of Guardian Industries Corp., a Michigan-based global manufacturer of flat glass and glass products. In November, 1991, Guardian invested $10.5 million in OIS. Guardian's investment is a reflection of its belief that OIS's display technology has great potential in the military, avionic and automotive fields, and that this small American company has the potential to compete effectively against the Japanese and European industrial giants that are active in this field.
 -0- 11/5/92
 /CONTACT: Charles C. Wilson, executive vice president, CFO, OIS Optical Imaging Systems, 313-362-2738/
 (OVON) CO: OIS Optical Imaging Systems, Inc. ST: Michigan IN: SU: CON


KE -- DE024 -- 7740 11/05/92 12:51 EST
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Date:Nov 5, 1992
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