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

Metrologic Receives $3.5 Million Contract Modification from a Proprietary Customer for its Advanced Optical Systems Division

via PRNewswire

BLACKWOOD, N.J., April 24 /PRNewswire-FirstCall/ -- Metrologic Instruments, Inc. (Nasdaq: MTLG), today announced that the Advanced Optical Systems Division of its Adaptive Optics Associates, Inc. ("AOA") subsidiary has received a contract modification valued at $3.5 million from a proprietary customer bringing the total value of the contract to $5.9 million.

Funding for this contract has been increased by $2.8 million to$5.3 million with approximately $2.8 million of revenue recognized through March 31, 2006 . The period of performance for the entire contract is expected to last through the end of the third quarter of 2006. The remaining balance of $0.6 million funding will be incrementally funded through that period. Payments under the contract will be made to AOA on a cost-plus-fee basis.

Jeffrey Yorsz, AOA's President and General Manager, stated, "This program involves developments that should have great utility to our customer in thenear future. Our customer's continued funding of this effort reflects their appreciation of AOA's progress to date."

For proprietary reasons, this customer has requested that Metrologic not release its name.

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 delivering innovative, quality products that are cost effective, reliable and supported by 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 visit

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