ATLANTA, June 3, 2013 (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 follow-on production contract valued at approximately $3M for its 24" Airborne Display. This award was received from a leading Prime Contractor of military systems and is a continuation of a long term production program that is scheduled to last for several more years. Deliveries under this contract are expected to begin in the third quarter of 2013 and continue through the end of the year. An additional follow-on production order valued in excess of another $3.5M is expected later this year under the program expected to exceed a total of $30 million during its projected term.
Aydin's 24" Airborne Display was designed specifically to perform in a military airborne environment. 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 continues to supply high end displays to many major military programs. This production contract for airborne displays validates Aydin's position in the airborne community," said Art Mengel, Divisional President of Aydin Displays.About Aydin Displays Aydin Displays 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 65" 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. 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, 2013, 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, Atlanta Ronald D. Ordway, CEO and Chairman 770-938-2080
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV