Raytheon Awards Follow-On Production Contract to Salvador Imaging, a Photon Dynamics Company
28 Mai 2008 - 4:00PM
PR Newswire (US)
Salvador Imaging Receives Follow-On Production Contract for
High-Resolution Surveillance Cameras for High-Profile Imaging
Platform SAN JOSE, Calif., May 28 /PRNewswire-FirstCall/ -- Photon
Dynamics, Inc. (NASDAQ:PHTN), today announced Raytheon Company
(NYSE:RTN) has awarded a follow-on production contract to its
wholly owned subsidiary Salvador Imaging, Inc. to continue
supplying high-performance surveillance cameras for a combat-
proven, multi-use imaging system. The contract marks Raytheon's
second order for Salvador Imaging's high-resolution surveillance
camera products, and represents a continuing relationship as a key
supplier to Raytheon's high-end imaging platforms. The recent
production contract will result in the delivery of roughly 100
additional imaging systems to Raytheon during 2008. The
surveillance system manufactured at Raytheon Space and Airborne
Systems' (SAS) facility in McKinney, Texas offers sophisticated
operational modes used for reconnaissance and tactical missions.
Raytheon's surveillance system supports a variety of domestic and
international rotary-wing, unmanned airborne systems, and
fixed-wing platforms. "We are very excited to receive the follow-on
contract and to be selected as a preferred supplier to Raytheon for
this high-end imaging platform," said David Gardner, president of
Salvador Imaging. "We attribute the follow-on contract to the
quality of product delivered over the past several months and our
strong commitment to working closely with Raytheon." Photon
Dynamics' President and Chief Executive Officer, Jeffrey Hawthorne
said, "Raytheon's follow-on contract for Salvador Imaging's cameras
further attests to the execution of our strategy to leverage our
core imaging and manufacturing knowledge into market opportunities
beyond flat panel displays. We are committed to supporting
Raytheon's expanding position in the large and growing global
market for intelligence, surveillance and reconnaissance systems by
providing the most advanced technology and full-cycle customer
support." About Photon Dynamics, Inc. Photon Dynamics, Inc.
(NASDAQ:PHTN) is a global supplier utilizing advanced digital
imaging technology for market leading Liquid Crystal Display (LCD)
flat panel display test and repair systems and for high performance
digital imaging systems for defense, surveillance, industrial
inspection and medical imaging applications. For more information
about Photon Dynamics, visit its website at
http://www.photondynamics.com/. "Safe Harbor" Statement under the
Private Securities Litigation Reform Act of 1995 This release
includes forward-looking statements intended to qualify for the
safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
generally can be identified by phrases such as PDI or its
management "believes," "expects," "anticipates," "foresees,"
"forecasts," "estimates" or other words or phrases of similar
import. Similarly, statements in this release that describe our
business strategy, outlook, objectives, plans, intentions or goals
also are forward-looking statements. All such forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those in
forward-looking statements. These forward-looking statements are
based on current expectations on the date of this press release and
involve a number of uncertainties and risks including but not
limited to: Our ability to sustain profitability through our
outsourcing strategies, execution of our diversification strategy
may not succeed, and those risks and uncertainties described in the
section entitled "Management's Discussion and Analysis of Financial
Condition and Results of Operations" under the caption "Factors
Affecting Operating Results" in Photon Dynamics' Annual Report on
Form 10-K for the year ended September 30, 2007 and the Quarterly
Report on Form 10-Q for the quarter ended December 31, 2007 as
filed with the Securities and Exchange Commission. As a result,
actual results may differ substantially from expectations. Photon
Dynamics undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new developments
or otherwise. DATASOURCE: Photon Dynamics, Inc. CONTACT: So-Yeon
Jeong, Vice President, Investor Relations and Marketing
Communications of Photon Dynamics, Inc., +1-408-360-3084, Web site:
http://www.photondynamics.com/
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