Advanced Imaging

AdvancedImagingPro.com

   

Industry News

Updated: July 8th, 2008 05:26 PM CDT

Metrologic Awarded Additional Funding From Northrop Grumman Electronic Systems

Advertisement
via PRNewswire

BLACKWOOD, N.J., April 10 /PRNewswire-FirstCall/ -- Metrologic Instruments, Inc. (Nasdaq: MTLG) today announced that the Advanced OpticalSystems Division of its Adaptive Optics Associates, Inc. ("AOA") subsidiary has been awarded a contract from Northrop Grumman Electronic Systems ("NGES")related to the High-Precision Long-Range Laser Designator/Locator ("HPLD")Program. This contract, with a total potential value of $6.5M, supersedes a previously awarded and completed contract of $153,000. This contract is multi-phased and is expected to be completed in the Third Quarter of 2009. The contract provides funding of $1,969,133 towards the current phase. This funding is expected to be expended by the Second Quarter of 2006. Thiscontract will be incrementally funded. Payments under the contract will bemade to AOA on a cost-plus-fee basis.

The objective of NGES's HPLD Program is to develop and demonstrate new technology that will improve the accuracy and range of laser designators that are used to identify targets in the battlefield. Atmospheric turbulence limits the performance of current laser designators by spreading the beam. By applying AOA's novel atmospheric compensation technology to mitigate these errors, laser designators will have expanded utility to the war fighter by allowing him to select individual targets that may be grouped near non-targeted structures.

"AOA has been a leader in the field of Adaptive Optics for atmospheric compensation for over twenty-five years and is looking forward to applying its expertise to this very challenging program," Jeff Yorsz, AOA's President and General Manager stated. "AOA is very pleased to be selected by Northrop Grumman for the development of novel Adaptive Optics which may improve future generations of Laser Designators."

About Metrologic

Metrologic Instruments, Inc. ("Metrologic" or the "Company") is a global supplier of choice for data capture and collection hardware, optical solutions, and image processing software. Metrologic has been deliveringinnovative, quality products that are cost effective, reliable and supportedby a superior level of personal service for nearly 40 years. Metrologic products are sold worldwide through Metrologic's sales, service and distribution offices located in The Americas, EMEA and Asia/Pacific . Metrologic provides its customers not only with a great deal, but a great dealmore. For more information please call 1-800-667-8400 or visithttp://www.metrologic.com.

Forward-Looking Statement

Forward-looking statements contained in this release are highly dependent upon a variety of important factors which could cause actual results to differ materially from those reflected in such forward-looking statements.Specifically, the timing and extent to which the Company's subsidiary receives additional funding awards under the contract could cause actual results to differ from expectations. When used in this release and documents referenced,the words "believes," "expects," "may," "should," "seeks," or "anticipates,"and similar expressions as they relate to Metrologic or its management areintended to identify such forward-looking statements. For additional factors, please see Metrologic's reports filed with the Securities and ExchangeCommission.

1 2 next

Subscribe to our RSS Feeds