Exhibit 99.1 |
NEWS RELEASE
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15301 w. 109TH Street, Lenexa, KS 66219 Phone: 913-647-0158 Fax: 913-647-0132
investorrelations@elecsyscorp.com
FOR IMMEDIATE RELEASE:
Contact: Karl B. Gemperli
(913) 647-0158, Phone
(913) 647-0132, Fax
investorrelations@elecsyscorp.com
ELECSYS CORPORATION'S DCI SUBSIDIARY RECEIVES $4 MILLION ORDER FOR NEW PRODUCT
Lenexa, Kansas (October 18, 2005) - Elecsys Corporation (AMEX: ASY), announced
today that the Company's DCI, Inc. subsidiary received an order totaling more
than $4 million from a U.S. based high technology firm to manufacture its newest
model hand-held electronic product. The ultra rugged devices, which have an
integrated custom liquid crystal display (LCD), are intended for use in harsh
environments. DCI will produce the complete end product, including electronic
assembly, mechanical integration, and testing.
The Company plans to ship this order over a period of 18-24 months beginning in
the spring of 2006. DCI currently manufactures other products for this customer
and expects production of these products to continue on an on-going basis. The
total annualized business volume for products sold to this customer are expected
to approach $3 million.
Karl Gemperli, President and Chief Executive Officer, commented, "We are excited
to build a long term relationship with this customer while we work together to
launch this new product. DCI's commitment to excellence in manufacturing
combined with our expertise in integrating custom LCD's with cutting-edge
electronics makes us an ideal partner for this rugged product application."
An Executive Vice President from the customer's headquarters added, "We selected
DCI not only because of their reputation for manufacturing highly reliable
products, which is vital in the demanding environments in which our products are
used, but also for their proven track record of delivering on their
commitments."
Elecsys Corporation is a publicly traded holding company with two wholly owned
subsidiaries, DCI, Inc. and NTG, Inc. DCI designs, manufactures, and integrates
custom electronic interface solutions for original equipment manufacturers in
the
medical, aerospace, communications, industrial product, and other industries.
DCI has specialized capabilities to design and efficiently manufacture custom
electronic assemblies which integrate a variety of interface technologies, such
as custom liquid crystal displays, light emitting diode displays, and keypads,
with circuit boards and other electronic components. NTG designs, markets, and
provides remote monitoring solutions for the gas and oil pipeline industry as
well as other industries requiring remote monitoring solutions. For more
information, visit our website at www.elecsyscorp.com.
Safe-Harbor statement: 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-KSB for the year ended April 30, 2005. 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.
