Video Display Corp Selected In
Aegis Cruiser Modernization
Monday February 6, 11:38 am ET
ATLANTA--(BUSINESS
WIRE)--Feb. 6, 2006--Video Display Corporation (NASDAQ-NMS:VIDE - News) announces that its Aydin
Displays, Inc. subsidiary has been selected by Lockheed Martin - Maritime
Systems & Sensors, Moorestown, NJ to supply its rugged COTS Thin Client
Flat Panel Display for the Cruiser Modernization COTS Refresh 2 Program.
Aydin's high-performance rugged COTS Thin Client Flat Panel Display will be
integrated into the Aegis Weapons System, Operational Readiness Test System
(ORTS).
The Aydin Displays Model
4420R5C 20.1" Rugged Thin Client Flat Panel Display was selected by
Lockheed Martin for its superior display performance characteristics, while
being able to perform in severe military environments.
The total program has
anticipated requirements for several hundred COTS Thin Client Flat Panel
Displays with a potential value of over $6 Million with scheduled deliveries
over a multi-year period. The initial order is scheduled for shipment in the
first quarter of the Company's 2006 fiscal year beginning March 1, 2006.
Video Display Corporation
designs, develops and manufactures unique solutions for display requirements
for military, medical and industrial use with emphasis on high end training and
simulation applications. Its product offerings include ruggedized CRT and AMLCD
displays as well as complete projection systems utilizing VDC's Marquee(TM)
line of projectors. Video Display Corporation operates 11 display design and
manufacturing plants plus eight sales facilities throughout the United States
and Europe.
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, 2005,
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, 770-938-2080