Radstone Technology PLC
21 March 2006
Immediate Release 21 March 2006
Radstone Technology PLC
$1.3 Million Order awarded by Lockheed Martin
"...High performance solutions for the most demanding
of defence applications..."
Radstone Technology PLC (LSE:RST) today announced that it had received
authorisation to disclose that in January it received an order in excess of $1.3
million from Lockheed Martin's Undersea Systems line of business in Syracuse,
NY, for a range of products from Radstone's ICS Sensor Processing business. The
products will provide optimum signal processing performance in harsh
environments, and Lockheed Martin will integrate them into a commercial
off-the-shelf (COTS)-based system that it is developing for an international
customer. Radstone expects to receive orders for up to an additional eight
systems over the next ten or more years.
Jeff Perrin, Chief Executive of Radstone Technology PLC commented;
"We are delighted to have received this order from Lockheed Martin not least
because it confirms our belief that ICS products are capable of offering
cost-effective, high performance solutions for the most demanding of defence
applications. It also demonstrates the synergies in making ICS products
available through Radstone's larger sales force, resulting in contract wins that
would previously not have been possible: this win is one of the largest that ICS
has ever secured."
Radstone Technology PLC acquired ICS Sensor Processing (Interactive Circuits and
Systems Limited) in September 2003. Headquartered in Ottawa, Canada and
specialising in the development of leading edge products and systems designed
for fast growing markets such as data acquisition, sensor processing and
Software Defined Radio, ICS is now part of Radstone's Embedded Computing
business.
For further information contact:
Jeff Perrin, Chief Executive
Kevin Boyd, Group Finance Director
Radstone Technology PLC
Tel: +44 (0) 1327 359444
Fax: +44 (0) 1327 322815
E-mail: jeff.perrin@radstone.co.uk; kevin.boyd@radstone.co.uk
Tim Thompson / Nicola Cronk
Buchanan Communications
Tel: +44 020 7466 5000
Fax: +44 020 7466 5001
E-mail: nicolac@buchanan.uk.com
Notes to Editors
About Radstone Technology PLC
Radstone Technology PLC is a global provider of computer products and services
at the leading edge of the IT and electronics industry. The Group's main
business, Radstone Embedded Computing, designs and manufactures embedded
computer products for defence and aerospace applications. Radstone's products
are all based on leading-edge commercial technologies.
Radstone Embedded Computing includes Radstone Digital Processing, which leads
the market in the development and delivery of rugged, high performance single
board computers, communications and networking modules and digital signal
processors; ICS Sensor Processing (Interactive Circuits and Systems), a leader
in the field of data acquisition and processing; and Octec, a developer and
manufacturer of high performance real-time video tracking and image processing
solutions.
Foundation Technology is the Group's Electronics Manufacturing Services
business, and provides a wide range of electronic manufacturing services
including design, development and fast-track prototype build, through to
component procurement, automated assembly and test.
For more information about Radstone Technology PLC and its business, products
and services, visit the company's web site at: http://www.radstone.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange