Science & Technology
Science and Technology
Science and Technology
Thu, June 11, 2009
Wed, June 10, 2009
Tue, June 9, 2009 Sutron Corporation: Sutron Receives $3,684,407 Order From the U.S. Geological Survey
STERLING, VA--(Marketwire - June 9, 2009) - Sutron Corporation (
This order, Sutron's first under the Obama Administration's "Recovery" funding, is to provide 1,239 SatLink2 GOES Satellite Transmitter/Loggers in four different configurations and 75 water level sensors before 1 April 2010. Sutron expects additional orders as a result of the "Recovery" funding over the remainder of 2009 and 2010.
Sutron began fiscal year 2009 expecting that approximately $5,000,000 of its reported backlog at December 31, 2008 would be converted into revenue in 2009. May 2009 customer orders were approximately $950,000. Customer orders thru the first five months of 2009 were approximately $7,797,000. Including the June 2009 USGS order, Sutron's 2009 backlog and customer orders total approximately $16,481,000.
Sutron provides products, systems, software and services in the areas of hydrological monitoring, meteorological monitoring, and oceanic monitoring. We market our products, systems, software and services to a diversified customer base consisting of federal, state, local and foreign governments, engineering companies, universities and hydropower companies. Our products and services enable these entities 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 condition data for airports.
Safe Harbor Statement
Statements in this press release that relate to future plans, events or performance are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. Forward-looking statements include without limitation any 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-K filed on March 31, 2009. We are under no obligation to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
