Aydin Displays Receives Airborne Displays Contract Valued In Excess Of $2M
ATLANTA, June 14, 2010 (GLOBE NEWSWIRE) -- Video Display Corporation (Nasdaq:VIDE), an internationally recognized leader in design and manufacture of specialty niche market and rugged displays for commercial, industrial and military requirements, announced that its Aydin Displays, Inc. subsidiary has received a contract valued in excess of $2 Million for 24" Airborne Displays. This award was received from a major OEM supplier of military systems. Shipment under the contract is scheduled to begin in the third quarter of 2010. The expected completion date is prior to the end of the Company's fiscal year. The receipt of an additional follow on order, comparable in value to the initial $2+ Million, is anticipated within the next 30 to 60 days.
Aydin's 24" Airborne Display was designed specifically to perform in a military airborne environment and has passed all of the required military certifications including temperature, EMI, airborne vibration, altitude and rapid decompression. The display also includes state of the art electronics for advanced signal processing, touch screen capabilities and optical enhancements, including Aydin's proprietary optical bonding.
"Aydin has a reputation for providing military displays that can withstand harsh environments in both naval and ground mobile applications," commented Art Mengel, President of Aydin Displays. "This award now validates Aydin's reputation in airborne applications as well. We are proud to have been selected as the exclusive supplier for this project and believe that it will result in additional airborne opportunities for Aydin Displays in the near future."About Aydin Displays As a Video Display's subsidiary, Aydin Displays, Inc., is a leading provider in display manufacturing technology, servicing the industrial, military and air traffic control industries. Aydin offers a variety of industrial displays, rugged Military/COTS Flat Panel Displays, Military Panel PC Workstations, and Air Traffic Control Displays ranging in size from 6.4" to 57" and available in numerous mounting options. Many of its products comply with shock, vibration and EMI Military standards and can be customized to include options such as integrated touch screens. Aydin's unsurpassed commitment to quality creates unique solutions for their customers. For more information, visit Aydin's web site at www.aydindisplays.com. About Video Display Corporation Video Display Corporation designs, develops and manufactures unique solutions for display requirements for military, medical and industrial uses with emphasis on high-end training and simulation applications. Its product offerings include ruggedized LCOS, DLP LED, CRT and AMLCD displays as well as complete projection display systems utilizing VDC Display Systems Marquee(TM) and ESCP line of projectors. Video Display Corporation operates eight sales, design and manufacturing facilities throughout the United States and Europe. For more information, visit the Company's web site at www.videodisplay.com . This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, from time to time, Video Display Corporation or its representatives have made or may make forward-looking statements, orally or in writing. Such forward-looking statements may be included in, but are not limited to, various filings made by the Company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the Company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions, including items discussed in the Company's Form 10-K for the year ended February 28, 2009, filed with the Securities and Exchange Commission. The Company undertakes no duty to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Video Display Corporation Ronald D. Ordway 770-938-2080
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