White Electronic Designs Awarded Approximately $6.8 Million in Military GPS Contracts
06 Janvier 2010 - 11:06PM
PR Newswire (US)
PHOENIX, Jan. 6 /PRNewswire-FirstCall/ -- White Electronic Designs
Corporation (NASDAQ:WEDC) announced that it has been awarded
multiple contracts worth approximately $6.8 million for the
manufacture of products used in Global Positioning System (GPS)
platforms. "The products are used in a variety of military programs
ranging from ground and airborne radios to precision guided
munitions and missiles," stated Dan Tarantine, Executive Vice
President of White Electronic Designs (WEDC). "When used in radios,
this system verifies the exact location of the warfighter and also
permits communication via secure encryption. When used in a
precision guided munition or missile, target location is set using
GPS coordinates allowing the weapon to strike the target with very
high accuracy, minimizing collateral damage to structures, friendly
forces and civilians. Unlike many other guidance systems, GPS
guidance has a distinct advantage for all weather, day or night
combat operations." "While in the past we have utilized this
technology in larger weapon platforms," continued Tarantine, "it is
now being implemented in smaller hand held communication devices
and munitions which embraces the NAVSTAR security architecture."
The NAVSTAR GPS design allows a security architecture that includes
anti-tamper technology, which has been selected by the Department
of Defense to implement the next generation security functions for
GPS. The use of this security architecture significantly enhances
the combatant commander's ability to use precise positioning,
velocity and time, in all environments. All new programs utilizing
GPS technology will be required to use the NAVSTAR security
architecture. For more information, please visit
http://www.wedc.com/, or call 602-437-1520. About White Electronic
Designs Corporation White Electronic Designs (NASDAQ:WEDC) delivers
sophisticated multi-chip semiconductor products, high-efficiency
memory devices, circuit integration and build-to-print assemblies
for defense and aerospace applications. The ability to address the
unique size, performance and quality requirements for technology
creators in the defense and aerospace market has established White
Electronic Designs as a customer-focused solutions provider.
Capabilities include design, manufacturing and obsolescence
management for advanced defense electronic solutions, including die
stacking and secure microelectronics, as well as complex circuit
card integration. Headquartered in Phoenix, Arizona, White
Electronic Designs operates world-class development and production
centers in Arizona and Indiana. For more information, visit
whiteedc.com or call 602-437-1520. Cautionary Statement This press
release contains forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides a "safe harbor" for such
forward-looking statements. The words, "believe," "expect,"
"anticipate," "estimate," "will" and other similar statements of
expectation identify forward-looking statements. Additionally,
other factors that could materially and unexpectedly affect the
Company's results are set forth in the Company's most recent Annual
Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.
You are cautioned not to place undue reliance on our
forward-looking statements. We do not undertake any obligation to
publicly update any forward-looking statements to reflect events,
circumstances or new information after this press release, or to
reflect the occurrence of unanticipated events. WEDC-F Contact:
White Electronic Designs Corporation Roger Derse Chief Financial
Officer 602-437-1520 DATASOURCE: White Electronic Designs
Corporation CONTACT: Roger Derse, Chief Financial Officer of White
Electronic Designs Corporation, +1-602-437-1520, Web Site:
http://www.whiteedc.com/
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