Science & Technology
Science and Technology
Science and Technology
Tue, February 3, 2009
Video Display Corporation Awarded Substantial Orders for Proprietary Phosphor Screens
ATLANTA--([ BUSINESS WIRE ])--Video Display Corporation (NASDAQ: VIDE) today announced that its Lexel Imaging Systems Inc. division had been awarded orders for several thousand of its proprietary phosphor screens for major defense contractors. The proprietary phosphor screening employs specialized techniques to obtain the highest quality screens as demanded by its end customer: the US Government. Lexel Imaging has the proven capability of coating various substrate materials and sizes on flat, round and conical shapes. Such contract awards are expected to generate double digit growth to Lexel Imaging's annual revenue and profitability for the foreseeable future.
"We at Lexel are extremely excited about these recent awards as they represent our first opportunity to produce high resolution phosphor screens in significant volume, directly reflecting the commitment of the whole Lexel team to expand beyond our core business of the specialized military type CRTs," said Bill Frohoff, President of Lexel Imaging Systems Inc.
In addition to these recent awards, Lexel Imaging Systems Inc. has produced high resolution phosphor screens for various Military (soldier), Institutional (fusion research) and Commercial (dental x-rays) organizations for over 10 years. In the last 5 years they have added production of various scintillated screens used in applications including X-Ray, Micro Channels, Electron Microscopy, Alpha Detectors for Neutron Generators, Image Intensifiers, Surface Diffraction and CCD Imaging.
For more information, please visit the company's phosphor website [ www.phosphorsolutions.com ] or contact us directly at Lexel Imaging Systems (859) 243-5555.
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, 2008, 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.
