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VIKONICS REPORTS CURRENT STATUS OF TEAMING ARRANGEMENT WITH TELEDYNE BROWN ENGINEERING

 VIKONICS REPORTS CURRENT STATUS OF TEAMING ARRANGEMENT
 WITH TELEDYNE BROWN ENGINEERING
 TETERBORO, N.J., Oct. 21 /PRNewswire/ -- Vikonics Inc. (NASDAQ: VKSI), headquartered in Teterboro, announced in 1989 that it had entered into a teaming agreement with Teledyne Brown Engineering (TBE) to provide the government with commercially available security systems. One of the award programs on which TBE bid was a U.S. Navy contract.
 In response to inquiries as to the status of this Navy contract, Vikonics said it has been informed that TBE was not the successful bidder.
 The company also noted that all expenses relating to this contract bid had been incurred and expensed prior to the first quarter of the current fiscal year. In addition to bidding with TBE on other programs, Vikonics continues to bid independently on domestic and foreign contracts.
 Vikonics designs, manufacturers, markets, installs and supports a line of integrated computerized security systems. The company markets these systems to the armed forces and government agencies, as well as to commercial customers worldwide.
 -0- 10/21/92
 /CONTACT: John J. Strong of Vikonics, 201-641-8077; or Jimmy Caplan of Market Makers, 805-569-0076, for Vikonics/
 (VKSI) CO: Vikonics Inc.; Teledyne Brown Engineering ST: New Jersey IN: ARO SU:


JL-JB -- LA001 -- 2701 10/21/92 09:02 EDT
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Publication:PR Newswire
Date:Oct 21, 1992
Words:210
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