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Paravant Completing Contract From Boeing for Paravant's First Application in U.S. Marine Corps Fighter Program.

MELBOURNE, Fla.--(BUSINESS WIRE)--Oct. 30, 1998--Paravant Computer Systems, Inc. (NASDAQ National Market: PVAT (Common Stock), PVATW (Warrants)) today announced that the Company is concluding a development contract valued at $208,000 for Boeing St. Louis. Pursuant to the contract, Paravant has modified one of its products to function, along with software supplied by Boeing, as the Advanced Tactical Air Reconnaissance System (ATARS) Operational Level (O-Level) Tester.

The ATARS is a set of electronics that is mounted both in a protective housing or pod beneath the belly of F-18 aircraft and in the nose of the aircraft. The F-18 is the Marine and Navy's premier fighter aircraft. ATARS is used primarily by the Marine Corps as a downward-looking reconnaissance device.

Richard P. McNeight, Paravant's President and COO, commented, "The Company has been successful in providing flight line test and programming equipment to the U.S. Air Force for a variety of aircraft, but this is the first time our products have been selected for a U.S.M.C. fighter program. The ATARS O-Level Tester will be used to troubleshoot and test the ATARS. We are extremely pleased with the order, and hope that it will lead to other interest in our products from the Navy's aviation community."

This contract covers only the development of the prototype unit, which Paravant plans to deliver to Boeing at the end of 1998. It is anticipated that initial production shipments will take place towards the end of 1999, and subsequent orders will be placed in the year 2000.

The Company also noted that Paravant produces the only laptop computer that has been approved for use on the decks of U.S. Navy ships due to its ability to sustain the extreme electromagnetic interference (from radar) and intense sunlight. It is hoped that versions of the system will be used on carrier-based F-18 aircraft in the future.

Paravant is a manufacturer of rugged, portable computers and communication interfaces utilized in outdoor settings and the medical marketplace. Paravant offers extensive customization services to modify its standard products to the specific needs of end-users. The Company's laptop and hand-held processors are designed and built to function in adverse environments under harsh weather, climate and operational conditions. Paravant also produces signal processing equipment for the intelligence community and offers upgrade design and installation services for select special operations aircraft. The Company's products are sold to the military and other governmental agencies, as well as to the medical products marketplace because of their reliability, complete configuration control and ability to meet stringent design specifications (including FDA requirements).

This press release contains forward-looking statements which are inherently subject to risks and uncertainties. The Company's actual results could differ materially from those currently anticipated due to a number of factors, including, but not limited to, the budgetary and appropriation policies of the Company's governmental customers, the competitive environment for the Company's products and services, the timing of new orders, the degree of market penetration of the Company's new products, and other factors set forth in reports and other documents filed by Company with the Securities and Exchange Commission from time to time.
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Publication:Business Wire
Geographic Code:1USA
Date:Oct 30, 1998
Words:522
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