Aydin Displays Sees Record Bookings and Backlog for Fiscal Year
08 3월 2010 - 5:28PM
Video Display Corporation (Nasdaq:VIDE), an internationally
recognized leader in design and manufacture of specialty niche
market and rugged displays for commercial, industrial and military
requirements, announced that its Aydin Displays, Inc., subsidiary
has set new records for the Company's recently completed fiscal
year end in both bookings and backlog. With the receipt of
previously announced and yet to be announced contracts, Aydin has
procured record order bookings during its fiscal year ended
February 28, 2010.
"Despite the downturn of the U.S. economy in general, fiscal
2010 has been our best year by far for bookings, breaking our
previous record by a double digit percentage. Aydin's B to B (book
to bill ratio) for the recently finished year exceeded 1.6:1, which
assures Aydin of substantial growth in revenue in the upcoming
fiscal year," according to Art Mengel, President of Aydin
Displays. "We are in the early stages of benefiting from
production contracts being released for products and programs that
Aydin has been working on for several years. As a result of
these bookings, Aydin enters this new fiscal year with a record
backlog of orders that are scheduled for delivery during our
2/28/2011 fiscal year. Additionally, with our new products
just entering the pipeline and with continuing receipt of
multi-year production contracts, Aydin's business forecast reflects
another record booking year during the upcoming fiscal year."
About Aydin Displays
Aydin Displays is a leading provider in display manufacturing
technology, servicing the industrial, military and air traffic
control industries. Aydin offers a variety of industrial displays,
rugged Military/COTS Flat Panel Displays, Military Panel PC
Workstations, and Air Traffic Control Displays ranging in size from
6.4" to 57" and available in numerous mounting options. Many of its
products comply with shock, vibration and EMI Military standards
and can be customized to include options such as integrated touch
screens. Aydin's unsurpassed commitment to quality creates unique
solutions for their customers. For more information, visit Aydin's
web site at www.aydindisplays.com.
This document contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
In addition, from time to time, Video Display Corporation or its
representatives have made or may make forward-looking statements,
orally or in writing. Such forward-looking statements may be
included in, but are not limited to, various filings made by the
Company with the Securities and Exchange Commission, press releases
or oral statements made with the approval of an authorized
executive officer of the Company. Actual results could differ
materially from those projected or suggested in any forward-looking
statements as a result of a wide variety of factors and conditions,
including items discussed in the Company's Form 10-K for the year
ended February 28, 2009, filed with the Securities and Exchange
Commission. The Company undertakes no duty to publicly update
forward-looking statements, whether as a result of new information,
future events or otherwise.
CONTACT: Video Display Corporation, Atlanta
Ronald D. Ordway
770-938-2080
Video Display (PK) (USOTC:VIDE)
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