Forward-Looking Statements“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Certain statements other than statements of historical fact included in this release are forward-looking statements. Such forward-looking statements are based on the beliefs of the company’s management, as well as assumptions made by and information currently available to the company’s management. Actual results could differ materially from those contemplated by the forward-looking statements. Information concerning risks and uncertainties that may impact the company’s results and forward-looking statements are set forth in Griffon Corporation’s filings with the SEC. The company does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. © 2013 Telephonics Corporation. 815 Broad Hollow Road, Farmingdale, NY 11735. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.
Telephonics Corporation (Telephonics), a wholly owned subsidiary of Griffon Corporation (NYSE:GFF), announced today that it’s AN/ZPY-4(V)1 multi-mode maritime surveillance radar was selected by Northrop Grumman Aerospace Systems for use on the US Navy’s MQ-8B Vertical Take-Off and Landing Tactical Unmanned Aerial Vehicle (VTUAV) as part of the US Navy Fire Scout radar “Rapid Deployment Capability” program. For the MQ-8B platform, the radar is configured to uniquely enable the VTUAV to conduct broad area intelligence, surveillance, and reconnaissance (ISR) missions from land and surface ships. The radar will be integrated to enable remote ground or sea-based control by US Navy operators. In conjunction with the on-board electro-optical sensor, the radar will markedly increase the VTUAV surveillance area rate coverage and operator efficiency. “The integration of the AN/ZPY-4(V)1 multi-mode radar onto the MQ-8B Fire Scout will bring an all-weather sensor that provides wide area situational awareness capability to the platform,” said Mr. Kevin McSweeney, Telephonics’ Chief Operating Officer. “The AN/ZPY-4(V)1 will provide enhanced ISR benefits to the US Navy while performing sea and land based unmanned operations.” About Telephonics Telephonics’ high-technology engineering and manufacturing capabilities provide integrated information, communication and sensor system solutions to military and commercial markets worldwide. Telephonics specializes in aircraft intercommunication systems, wireless communication systems, radars, identification friend or foe products, integrated security systems, air traffic management systems, aerospace electronics, and the performance of threat and radar system analyses. About Griffon Corporation Griffon Corporation (the “Company” or “Griffon”), headquartered in New York, N.Y., is a diversified management and holding company that conducts business through wholly-owned subsidiaries. The Company oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. The Company provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as in connection with divestitures. Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital to further diversify itself.