Business
Lockheed Martin Order
Lockheed Martin Order.
About this update from Restore Plc
[{"type":"text","content":"\n Radstone Technology PLC\n21 March 2006\n\n\nImmediate Release 21 March 2006\n\n Radstone Technology PLC\n\n $1.3 Million Order awarded by Lockheed Martin\n\n \"...High performance solutions for the most demanding\n of defence applications...\"\n\nRadstone Technology PLC (LSE:RST) today announced that it had received\nauthorisation to disclose that in January it received an order in excess of $1.3\nmillion from Lockheed Martin's Undersea Systems line of business in Syracuse,\nNY, for a range of products from Radstone's ICS Sensor Processing business. The\nproducts will provide optimum signal processing performance in harsh\nenvironments, and Lockheed Martin will integrate them into a commercial\noff-the-shelf (COTS)-based system that it is developing for an international\ncustomer. Radstone expects to receive orders for up to an additional eight\nsystems over the next ten or more years.\n\nJeff Perrin, Chief Executive of Radstone Technology PLC commented;\n\"We are delighted to have received this order from Lockheed Martin not least\nbecause it confirms our belief that ICS products are capable of offering\ncost-effective, high performance solutions for the most demanding of defence\napplications. It also demonstrates the synergies in making ICS products\navailable through Radstone's larger sales force, resulting in contract wins that\nwould previously not have been possible: this win is one of the largest that ICS\nhas ever secured.\"\n\nRadstone Technology PLC acquired ICS Sensor Processing (Interactive Circuits and\nSystems Limited) in September 2003. Headquartered in Ottawa, Canada and\nspecialising in the development of leading edge products and systems designed\nfor fast growing markets such as data acquisition, sensor processing and\nSoftware Defined Radio, ICS is now part of Radstone's Embedded Computing\nbusiness.\n\nFor further information contact:\n\nJeff Perrin, Chief Executive\nKevin Boyd, Group Finance Director\nRadstone Technology PLC\nTel: +44 (0) 1327 359444\nFax: +44 (0) 1327 322815\nE-mail: [email protected]; [email protected]\n\nTim Thompson / Nicola Cronk\nBuchanan Communications\nTel: +44 020 7466 5000\nFax: +44 020 7466 5001\nE-mail: [email protected]\n\nNotes to Editors\nAbout Radstone Technology PLC\nRadstone Technology PLC is a global provider of computer products and services\na...