7/17/2002 - Bernard M. Gordon, Chairman of the Board and CEO of Analogic Corporation (NASDAQ: ALOG), announced today that the Company has received additional orders for its EXplosive Assessment Computed Tomography (EXACT™) Systems from L-3 Communication’s Security and Detection Systems division. The EXACT is the “heart” of L-3’s eXaminer 3DX™ 6000, a certified Explosive Detection System (EDS) that is being purchased by the U.S. Transportation Security Administration (TSA) to be installed at major airports across the U.S.
Certified explosive detection systems are being ordered incrementally, as funds are appropriated by Congress and airport installation plans are developed. L-3 has ordered 80 additional units to be manufactured by Analogic, drawing on the 200 kits of long-lead-time components previously ordered as announced, and has ordered an additional 142 component kits for systems to be delivered later in the year.
Mr. Gordon said, “These orders from L-3 for additional units and long-lead-time parts relate to a total of 442 systems scheduled for delivery by the end of the calendar year. That total, which includes the 100 systems previously ordered, is part of the blanket order placed by L-3 for up to 1000 systems announced in April.”
Gordon added, “This order increases by 80% the number of units now firmly scheduled for delivery. Our customer, L-3 Communications, and its customer, the TSA, have now accounted for 44% of the blanket purchase order. We anticipate additional quantities will be released against this blanket purchase order as installation plans are finalized and funds are made available in the future.”
The Company will conduct a conference call on Thursday, July 18 at 10:00 a.m. ET to discuss this order and the status of the explosive detection systems business. The call will be available via webcast. To listen to the webcast visit www.analogic.com approximately five to ten minutes before the conference is scheduled to begin. The replay of the conference call webcast will be archived at www.analogic.com approximately three hours after the call is completed and will be available through Thursday, July 25.
A telephone digital replay will be available approximately two hours after the call is completed until 8:00 p.m. ET on Friday, July 19. To access the digital replay, dial 1-800-642-1687. The conference ID number is 21552
For more information on the conference call, visit www.analogic.com, call 978-977-3000, x 3213, or email firstname.lastname@example.org
Analogic Corporation is a leading custom designer and manufacturer of advanced health and security systems and subsystems sold to Original Equipment Manufacturers (OEMs). The Company is recognized worldwide for advancing the state of the art in Computed Tomography (CT), Digital Radiography (DR), Ultrasound, Magnetic Resonance Imaging (MRI), Patient Monitoring, Cardiovascular Information Management, and Embedded Multiprocessing.
This press release contains the Company’s or management’s intentions, hopes, beliefs, expectations or predictions. These are considered “forward-looking statements” within the meaning of the Private Securities Litigation Act of 1995. Forward-looking statements (statements which are not historical facts) in this presentation are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements, including statements about product development, market and industry trends, strategic initiatives, regulatory approvals, sales, profits, expenses, price trends, research and development expenses and trends, and capital expenditures involve risk and uncertainties and actual events and results may differ significantly from those in any forward-looking statements. Actual results may differ materially from those indicated by such statements as a result of various factors, including those discussed in the Company’s periodic reports filed with the SEC.
Previous Page | News by Category | News Search
If you found this page useful, bookmark and share it on: