$2.3 Million Contract Awarded to Paravant Inc.

Apr 18, 2001, 01:00 ET from Paravant Inc.

    MORRISTOWN, N.J., April 18 /PRNewswire/ - Paravant Inc. (Nasdaq:   PVAT)
 said today that its Catalina Research, Inc. (CRI) division has been awarded a
 two-year contract for $2.3 Million.  CRI will provide a major government
 defense contractor with digital signal processing (DSP) boards to be used for
 high performance spectrum analysis.
     Bill Craven, Paravant's President and CEO said that, "through CRI and two
 other subsidiaries, Paravant serves a variety of signal processing
 applications that cannot be served with general-purpose computers due to
 requirements for higher speed or broader bandwidth.  Because the high speed
 chip designer, CRI, is now part of the Paravant family, these complex systems
 can be even more quickly engineered to support our specific customer needs."
     Mike Bonato, CRI's Director of Marketing said, "Our Cheetah PCI board
 provides the perfect match for this customer's application.  The Cheetah board
 comes complete with CRI's own accelerated FFT processor, which has a very high
 processing performance of 60 million samples per second for one million point
 real FFTs."  CRI will begin shipping these new Cheetah PCI boards late this
 summer.
     CRI, based in Colorado Springs, Colorado and a subsidiary of Paravant
 Inc., provides high-bandwidth, low-latency digital signal processing (DSP)
 solutions for the most demanding military and intelligence applications.  CRI
 provides user reconfigurable and ASIC-based solutions, and the product
 offering includes design cores, chips, boards, and systems.
 
     About Paravant
     Paravant is a defense electronics and communications company. Paravant
 manufactures rugged, customized, portable computers and communications
 interfaces, utilized in outdoor military settings.  The Company also produces
 signal and processing equipment for the intelligence community and offers
 upgrade design and installation services for select special operations
 aircraft.  Paravant's products are sold to military and other government
 agencies because of their reliability, complete configuration control and
 ability to meet stringent design specifications.
 
     This press release contains forward-looking statements that are inherently
 subject to risks and uncertainties.  The Company's actual results could differ
 materially from those currently anticipated due to a number of factors,
 including, but not limited to, the budgetary and appropriation policies of the
 Company's governmental customers, the competitive environment for the
 Company's products and services, the timing of new orders, the degree of
 market penetration of the Company's new products, and other factors set forth
 in reports and other documents filed by the Company with the Securities and
 Exchange Commission from time to time.
 
 

SOURCE Paravant Inc.
    MORRISTOWN, N.J., April 18 /PRNewswire/ - Paravant Inc. (Nasdaq:   PVAT)
 said today that its Catalina Research, Inc. (CRI) division has been awarded a
 two-year contract for $2.3 Million.  CRI will provide a major government
 defense contractor with digital signal processing (DSP) boards to be used for
 high performance spectrum analysis.
     Bill Craven, Paravant's President and CEO said that, "through CRI and two
 other subsidiaries, Paravant serves a variety of signal processing
 applications that cannot be served with general-purpose computers due to
 requirements for higher speed or broader bandwidth.  Because the high speed
 chip designer, CRI, is now part of the Paravant family, these complex systems
 can be even more quickly engineered to support our specific customer needs."
     Mike Bonato, CRI's Director of Marketing said, "Our Cheetah PCI board
 provides the perfect match for this customer's application.  The Cheetah board
 comes complete with CRI's own accelerated FFT processor, which has a very high
 processing performance of 60 million samples per second for one million point
 real FFTs."  CRI will begin shipping these new Cheetah PCI boards late this
 summer.
     CRI, based in Colorado Springs, Colorado and a subsidiary of Paravant
 Inc., provides high-bandwidth, low-latency digital signal processing (DSP)
 solutions for the most demanding military and intelligence applications.  CRI
 provides user reconfigurable and ASIC-based solutions, and the product
 offering includes design cores, chips, boards, and systems.
 
     About Paravant
     Paravant is a defense electronics and communications company. Paravant
 manufactures rugged, customized, portable computers and communications
 interfaces, utilized in outdoor military settings.  The Company also produces
 signal and processing equipment for the intelligence community and offers
 upgrade design and installation services for select special operations
 aircraft.  Paravant's products are sold to military and other government
 agencies because of their reliability, complete configuration control and
 ability to meet stringent design specifications.
 
     This press release contains forward-looking statements that are inherently
 subject to risks and uncertainties.  The Company's actual results could differ
 materially from those currently anticipated due to a number of factors,
 including, but not limited to, the budgetary and appropriation policies of the
 Company's governmental customers, the competitive environment for the
 Company's products and services, the timing of new orders, the degree of
 market penetration of the Company's new products, and other factors set forth
 in reports and other documents filed by the Company with the Securities and
 Exchange Commission from time to time.
 
 SOURCE  Paravant Inc.