Aria International Incorporated Meets Major Royal Thai Army Contract Milestone
May 26, 2009 10:03:00 AM
Copyright Business Wire 2009
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View Additional ProfilesARLINGTON, Va.--(BUSINESS WIRE)-- Aria International Incorporated, the wholly-owned subsidiary of Aria International Holdings, Inc. (OTC BB:ARAH, "Aria"), a company focused on providing specialized surveillance and communications solutions to a global customer base is pleased to announce today that it has met a major milestone under its contract with Kingdom of Thailand, Royal Thai Army ("RTA"). The milestone is the formal inspection and acceptance of all equipment to be delivered to the RTA prior to shipping the system components from the U.S. to Thailand.
Aria International Incorporated previously announced the contract award on April 30, 2009 to provide surveillance and communications solutions and services to the RTA. The RTA agreed to purchase certain surveillance and communications equipment from Aria along with training, operations, and maintenance services for an aggregate purchase price of $9.7 million. A major milestone of the contract requires the Company to configure equipment in the U.S. and deliver the hardware to Thailand whereby Aria receives a percentage of the total contract award. Under terms of the contract Aria has accomplished a major milestone to prepare for delivery certain surveillance system equipment which releases approximately 70% of the contract value. Aria will also provide the RTA with certain ancillary services including installation, training and the construction of an airship hangar. The terms of the contract require complete delivery and integration of the surveillance system within 120-days of contract award.
The Royal Thai Army selected Aria International Incorporated after a number of real-time demonstrations of the system that were conducted in the United States. The RTA system is composed of select airborne assets, imagery from high-definition cameras and down linked communication to a mobile command platform and upgrades to an existing command and control facility that are targeted to meet the requirements for this special procurement. Under this contract, Aria is responsible for integrating all system components and delivering a complete turn-key solution, conducting initial operations and continuing maintenance tasks as well as providing the training to the RTA personnel.
The RTA surveillance solution consists of a manned airship with advanced state-of-the-art imaging and communications systems, a new Mobile Command and Control Vehicle, and upgrades to existing command and control facilities in order to receive real-time surveillance data. Aria staff will train Royal Thai Army personnel to pilot, effectively utilize and maintain the deployed surveillance and communications systems. In addition to the cameras on the airship, Aria will also install and integrate high-definition day/night camera systems on select Royal Thai Army helicopters. President of Aria International, Mr. Mike "Bing" Crosby, stated: "We are pleased that the RTA has accepted for delivery the major surveillance system components. Our solution provides employment of a manned airship and the upgrade of existing helicopters equipped with surveillance and communications systems to provide the Royal Thai Army with the necessary capabilities it requires to counter the increased insurgent activity and threats of crime, drug trafficking and terrorism."
About Aria International Incorporated
Aria International Incorporated is a wholly-owned subsidiary of Aria International Holdings, Inc. ("Aria"). Aria is focused on providing specialized surveillance and communications solutions to a global customer base. Aria operates as a solutions provider, systems integrator, and operator of surveillance and communications systems. Working closely with our clients in a flexible and responsive manner, we are able to provide highly effective solutions that respond well to our customers' defense and security requirements. For more information, visit www.aria-int.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, with the exception of historical information, the matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties and the actual future results of Aria International Incorporated could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations, inability to hire and retain qualified personnel, and changes in the general domestic and international economic climate. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by Aria International, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.
Source: Aria International Holdings, Inc.
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Aria International Holdings
Inc.
Investor Relations
Jody M. Janson
(888) 802-ARIA (2742)
investor@aria-int.com
