This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Video Display Corporation Acquires Interest In Vision Technologies, Inc.

ATLANTA, Sept. 29, 2010 (GLOBE NEWSWIRE) -- Video Display Corporation (Nasdaq:VIDE) and Vision Technologies (VTI) today jointly announced the signing of a Preliminary Agreement outlining the terms and conditions in which Video Display Corporation is to acquire a substantial ownership position in Rogers, AR based Vision Technologies, Inc.  Execution of the final Purchase and Sales Agreement is expected to be concluded within 90 days.

VTI is a leading designer/manufacturer of ruggedized cameras and camera systems, designed and tested to meet a full range of MIL-STD's, including qualified MIL-STD-901D Grade "A" shock, MIL-STD-167 vibration and MIL-STD 461F EMI. Their systems have proven their ability to handle the devastating effects of over 400g's of acceleration shock during testing, continuing to fully operate without so much as a momentary loss of power, video, or pan and tilt functionality. Currently there are no other camera suppliers that have met these particular standards with an EO/IR fixed or pan and tilt camera/sensor systems. VTI is currently supplying ruggedized cameras for Homeland Security, naval, airborne and land mobile applications.

VDC's CEO, Ron Ordway, stated; "The addition of the VTI proven camera systems to VDC's offering of display product solutions creates a unique opportunity for VDC's Aydin Displays Inc subsidiary and VDC's Cape Canaveral based Display Systems division to now be able to offer complete qualified MIL-STD-901D Grade 'A' shock visual displays/cameras systems to VDC's array of Navy and land based vehicular customers. Likewise, VTI is also now able to provide complete ruggedized display/camera systems to their naval and land mobile customers as well. The companies have jointly identified in excess of $1 billion of market opportunities for the camera systems created by the marriage of the companies' products and expertise over the next ten years in military and defense markets. We are confident that our customers will recognize the viability of the VDC/VTI solution as the best alternative to meet those needs."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
VIDE $2.39 0.00%
AAPL $126.87 0.36%
FB $80.01 -1.50%
GOOG $567.61 -1.30%
TSLA $194.26 -3.20%

Markets

DOW 17,856.78 -278.94 -1.54%
S&P 500 2,071.26 -29.78 -1.42%
NASDAQ 4,927.37 -55.4390 -1.11%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs