-Med Awarded Contract for Upgrade of Cockpit Printers for Boeing C-17 Aircraft Thursday June 28, 11:30 am ET
WEST WARWICK, RI--(MARKET WIRE)--Jun 28, 2007 -- Astro-Med, Inc. (NasdaqGM:ALOT - News) announced today that it has been awarded a contract to replace the printers used on the C-17 Globemaster III military transport aircraft. The contract was placed by Boeing Integrated Defense Systems, Long Beach, CA, and is expected to generate approximately $3 million in revenues over the next several years.
Astro-Med has been furnishing its ToughWriter 3 printer for the C-17 since 2002. Boeing and the Air Force decided to upgrade to the newer Astro-Med ToughWriter 4 series printers, which offer more advanced features in the same size configuration. The new ToughWriter 4 printers will be installed in all C-17s, which now have ToughWriter 3 printers, as well as in new production aircraft.
Commenting on the award, Tom Carll, Sales Manager of the T&M product group, stated that "engineering of the printers will begin immediately so as to smoothly transition from the present ToughWriter 3 to the new ToughWriter 4. The printer will be used in the cockpit of the C-17 for printing maps, approach plates, aircraft weight and balance information and ground communications." Carll says this is just one of many proposals and negotiations that Astro-Med has been working on as Astro-Med continues to be the leading provider of ruggedized printers for the avionics industry.
A unit of The Boeing Company, Boeing Integrated Defense Systems (http://www.boeing.com/ids/index.html) is one of the world's largest space and defense businesses specializing in innovative and capabilities-driven customer solutions. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $32.4 billion business with 72,000 employees worldwide.
Astro-Med, Inc. is a leading manufacturer of high tech specialty printing systems, electronic medical instrumentation, and test and measurement instruments employed around the world in a wide range of industrial, scientific, and medical applications.
Additional information about Astro-Med, Inc. is available by visiting www.astro-med.com/tmindex.
Safe Harbor Statement
This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med's FY 2007 annual report and its annual and quarterly filings with the Securities and Exchange Commission.
Contact: Contact: Everett V. Pizzuti President, COO Astro-Med, Inc. (401) 828-4000
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