Science & Technology 
Science and Technology
Science and Technology 
Wed, April 1, 2009
Tue, March 31, 2009
Sutron Corporation: Sutron's First Quarter Bookings Totaling $2,704,872 & Letter of Intent for $2,715,000
STERLING, VA--(Marketwire - March 31, 2009) - Sutron Corporation (
The company's January bookings totaled $903,712. February bookings equaled $976,673 and March approximately $824,487.
Sutron received a Letter of Intent dated 6 March 2009 to provide 224 Automatic Agro-Meteorological Stations to the TAMIL NADU AGRICULTURAL UNIVERSITY (TNAU) in India, the value of which is approximately $2,715,000 US (137,140,000 Rupees).
Last week the TNAU Project Design Review Committee met and determined that a signed contract will be issued to Sutron subsequent to finalizing an amendment to the Bank Guarantee that will extend it from one year to four years, as requested by TNAU. This final step should be completed within a week; which is over five months from the date on which the project contract was originally negotiated, 30 October 2008, due to an arduous international process to secure final approvals and signatures.
Sutron Corporation designs, manufactures and markets products and services to a diversified customer base consisting of federal, state, local and foreign governments, universities, irrigation users and engineering and hydropower companies. Sutron's products and services enable its customers to monitor and collect hydrological, meteorological and oceanic data for the management of critical water resources, for early warning of potentially disastrous floods, storms or tsunamis, for the optimization of hydropower plants and for providing real-time weather conditions at airports.
Safe Harbor Statement
This release includes forward-looking statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "should" and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our filings with the SEC, including the disclosure under the heading "Business" and "Management's Discussion and Analysis" in the Company's Annual Report on Form 10-KSB filed on March 31, 2008. We are under no obligation to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.