White Electronic Designs Corporation Awarded $4.3 Million Order to Provide Max-Vu(TM) Technology for Leading-Edge Mobile PCs
Wednesday June 7, 7:30 am ET
Hamid Shokrgozar, Chairman and Chief Executive Officer of White Electronic Designs Corporation commented, "This order, from a world-class company, validates the leading-edge nature of our Max-Vu technology and of our on-going research and development processes. Our expectation is to complete delivery of this order in calendar year 2006. We believe that the potential exists for subsequent add-on orders. We look forward to the future possibilities in this exciting new market."
Max-Vu(TM) is an ideal solution for applications that require high contrast in high ambient light and in extreme environments such as outdoor navigation, GPS systems and embedded control systems. Max-Vu(TM) technology can be applied to various applications from PDAs through 40+ inch displays; giving most applications the ability to increase contrast ratio and mechanical resistance. Max-Vu(TM) technology includes an optically matched window bonded directly to the computer screen using specifically formulated silicone. The window is optically coupled to the display resulting in increased optical performance.
Mr. Shokrgozar continued, "As mobile PC and tablet PC technology becomes more widely adopted, the need for improved optics and mechanical integrity becomes critical. The Max-Vu lamination technology increases contrast by 5 to 10 times in high ambient lighting conditions, dramatically cuts down on glare and adds increased mechanical resistance to impact. The integration of Max-Vu technology into mobile PCs and tablet PCs will enable these devices to be used in more places and in more demanding applications. We are very pleased that our technology has the ability to add significant performance value to a new class of computing devices with exceptional growth potential."
About White Electronic Designs Corporation
White Electronic Designs Corporation designs and manufactures innovative high technology components, systems, and branded products for military, industrial, medical and commercial markets. Our Microelectronic products include high-density memory packages and advanced self contained multi-chip and system-in-a-chip modules that are used in a growing range of applications across the Company's markets. White Electronic Designs also produces anti- tamper security coatings for mission-critical semiconductor components in defense applications. Our Display segment designs and manufactures enhanced and reinforced high-legibility flat-panel displays for commercial, medical, defense and aerospace systems. This segment also designs and manufactures digital keyboard and touch-screen operator-interface systems, and electromechanical assemblies for commercial, industrial and military systems. White is headquartered in Phoenix, Arizona and has design and manufacturing centers in Arizona, Indiana, Ohio, Oregon and China. To learn more about White Electronic Designs Corporation's business, as well as employment opportunities, visit our website at www.wedc.com.
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. In particular, order delivery timing, the potential for add-on orders, the future market for our products, the ability of our products to add performance value, and the market and product growth potential. Forward-looking statements speak only as of the date the statement was made and are based upon management's current expectations and beliefs and are subject to a number of risks and uncertainties, some of which cannot be predicted or quantified, that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: reductions in demand for the Company's products, the loss of a significant customer, the inability to procure required components, manufacturing delays, any further downturn in the high technology data and telecommunications industries, reductions in military spending or changes in the acquisition requirements for military products, the inability to develop, introduce and sell new products or the inability to develop and implement new manufacturing technologies, and changes or restrictions in the practices, rules and regulations relating to sales in international markets.
Additionally, other factors that could cause actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements are included in the Company's Quarterly Report on Form 10-Q for the quarter ended December 31, 2005 under the heading "Risk Factors." 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.