PHOENIX, Jan. 6 /PRNewswire-FirstCall/ -- White Electronic Designs Corporation (Nasdaq: WEDC) announced that it has been awarded multiple contracts worth approximately $6.8 million for the manufacture of products used in Global Positioning System (GPS) platforms.
"The products are used in a variety of military programs ranging from ground and airborne radios to precision guided munitions and missiles," stated Dan Tarantine, Executive Vice President of White Electronic Designs (WEDC). "When used in radios, this system verifies the exact location of the warfighter and also permits communication via secure encryption. When used in a precision guided munition or missile, target location is set using GPS coordinates allowing the weapon to strike the target with very high accuracy, minimizing collateral damage to structures, friendly forces and civilians. Unlike many other guidance systems, GPS guidance has a distinct advantage for all weather, day or night combat operations."
"While in the past we have utilized this technology in larger weapon platforms," continued Tarantine, "it is now being implemented in smaller hand held communication devices and munitions which embraces the NAVSTAR security architecture."
The NAVSTAR GPS design allows a security architecture that includes anti-tamper technology, which has been selected by the Department of Defense to implement the next generation security functions for GPS. The use of this security architecture significantly enhances the combatant commander's ability to use precise positioning, velocity and time, in all environments. All new programs utilizing GPS technology will be required to use the NAVSTAR security architecture.
For more information, please visit www.wedc.com, or call 602-437-1520.
About White Electronic Designs Corporation
White Electronic Designs (NASDAQ: WEDC) delivers sophisticated multi-chip semiconductor products, high-efficiency memory devices, circuit integration and build-to-print assemblies for defense and aerospace applications. The ability to address the unique size, performance and quality requirements for technology creators in the defense and aerospace market has established White Electronic Designs as a customer-focused solutions provider. Capabilities include design, manufacturing and obsolescence management for advanced defense electronic solutions, including die stacking and secure microelectronics, as well as complex circuit card integration. Headquartered in Phoenix, Arizona, White Electronic Designs operates world-class development and production centers in Arizona and Indiana. For more information, visit whiteedc.com or call 602-437-1520.
This press release contains forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for such forward-looking statements. The words, "believe," "expect," "anticipate," "estimate," "will" and other similar statements of expectation identify forward-looking statements. Additionally, other factors that could materially and unexpectedly affect the Company's results are set forth in the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. You are cautioned not to place undue reliance on our forward-looking statements. We do not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after this press release, or to reflect the occurrence of unanticipated events. WEDC-F
Contact: White Electronic Designs Corporation Roger Derse Chief Financial Officer 602-437-1520 firstname.lastname@example.org
SOURCE White Electronic Designs Corporation