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Elecsys Corporation Announces Order for Custom Electronics
Oct 26, 2011 (05:10 PM EDT)
$5.3 million order reflects growth with OEM partner
OLATHE, Kan., Oct. 26, 2011 /PRNewswire/ -- Elecsys Corporation (NASDAQ: ESYS) announced today that it received a $5.3 million order for custom electronic control and sensor assemblies from a manufacturer of equipment used in outdoor applications in multiple markets worldwide.
Elecsys has been working closely with this customer for several years and the broad capabilities and diverse resources provided by Elecsys have enabled them to consolidate the manufacturing of their electronic assemblies to a single source. The products offered by this customer are the technology leaders in their industry and this manufacturer has been experiencing substantial growth as new designs have been introduced and its business has expanded internationally. The products contained in this new order are to be delivered at regular intervals and the Company anticipates that the majority of the order will be delivered over the next 12 to 15 months.
Karl Gemperli, Elecsys president and chief executive officer, commented, "We are very pleased to announce this order as we continue to expand our custom electronic manufacturing services business. Our commitment to product quality and reliable delivery, coupled with the skill and diligence of our people, has allowed us to build upon this relationship. Our design expertise, manufacturing capabilities and customer support services make us an attractive solution for custom electronic assemblies in industries that value the performance of a dependable manufacturing partner."
About Elecsys Corporation
Elecsys Corporation provides innovative data acquisition systems, machine to machine (M2M) communication technology solutions, and custom electronic equipment for critical industrial applications worldwide. The Company's primary markets include energy production and distribution, agriculture, safety and security systems, water management, aerospace, military, and transportation. Elecsys proprietary equipment and services encompass rugged remote monitoring, industrial wireless communication, cyber security, mobile computing, and radio frequency identification (RFID) technologies that are deployed wherever high quality and reliability are essential. Elecsys develops, manufactures, and supports proprietary technology and products for various markets under its Pipeline Watchdog, Radix, eXtremeTAG, SensorCast, Director, zONeGUARD, and DCI brand names. In addition to its proprietary products, Elecsys designs and manufactures rugged and reliable custom electronic assemblies and integrated liquid crystal displays to multiple original equipment manufacturers in a variety of industries worldwide. For more information, visit www.elecsyscorp.com.
The discussions set forth in this press release may contain forward-looking comments based on current expectations that involve a number of risks and uncertainties. Actual results could differ materially from those projected or suggested in the forward-looking comments. The difference could be caused by a number of factors, including, but not limited to the factors and conditions that are described in Elecsys Corporation's SEC filings, including the Form 10-K for the year ended April 30, 2011. The reader is cautioned that Elecsys Corporation does not have a policy of updating or revising forward-looking statements and thus he or she should not assume that silence by management of Elecsys Corporation over time means that actual events are bearing out as estimated in such forward-looking statements.
SOURCE Elecsys Corporation