PHPG 1.10/1.30...off from high of 1.90 last week...this from the year end PR which had add'l positive aspects to it...note that the 1st qtr, mentioned here, is not out yet...also of note is contract below..only 5.6m shares out here...sooner or later it is going to fly IMO:
From year end PR:
Previewing 2004, with the first quarter under our
belt, we are off to a very good start. My expectation is that our growth will
continue steadily throughout 2004."
B: PPGI Awarded Key Component Production Contract for AN/AAR-47 M
B: PPGI Awarded Key Component Production Contract for AN/AAR-47 Missile Warning
NORTHVALE, N.J., Apr 8, 2004 /PRNewswire-FirstCall via COMTEX/ -- Photonic
Products Group, Inc. (OTC Bulletin Board: PHPG) announced today that its INRAD
business unit has been awarded a follow-on production contract from ATK Missile
Systems' Clearwater, FL facility for over 1900 ultra violet (UV) waveband
optical filter elements for their upgraded AN/AAR-47 Missile Warning Systems.
ATK Missile Systems, a division of Alliant Techsystems, is the developer and
prime contractor for production of this enhanced performance system for
protection of low and slow-flying aircraft from a variety of missile sources.
The dollar value of the contract was not disclosed.
The enhanced performance AN/AAR-47 system detects missile launches, as well as
laser-guided and laser-aided threats. It employs four sensors per aircraft, each
containing several optical components. While primarily deployed on military
aircraft, the AN/AAR-47 system is as well capable of providing protection for
commercial aircraft. In low-rate production since 2002, this next production
release will provide systems for U.S. Navy, U.S. Air Force, and U.S. allies'
aircraft.
The subject ultra-violet filters are specialty optical components made from high
purity and high uniformity single-crystals of a proprietary material which
absorbs all wavelengths except those in the UV region of the electro-magnetic
spectrum. This synthetic crystal material was developed by INRAD expressly for
such applications, has the highest temperature stability and mechanical
stability of any alternative material, and is patented for this end-use. These
filters are a key optical component of airborne electro- optical missile warning
systems. INRAD has been the sole provider of these elements for the present
generation of system for slow-flying aircraft, and had previously produced many
thousands for the prior generation of systems. INRAD as well provides
proprietary UV filters for systems that protect high- speed aircraft.
Dan Lehrfeld, President and CEO of Photonic Products Group commented, "We are
pleased to have been a critical component supplier on ATK's team since the
inception of their system upgrade concept. Our component technology has
contributed, at least in part, to making their new AN/AAR-47 system more robust.
Missile warning systems remain a high funding priority in the Congress, in the
DOD, and increasingly in the Department of Homeland Security. We are proud to be
a critical component supplier of choice for this expanding class of defense
electro-optical systems."
Photonic Products Group, Inc. develops, manufactures, and markets products and
services for use in diverse Photonics industry sectors via its expanding
portfolio of distinct business units. Its INRAD business unit specializes in
crystal-based optical components, devices and instruments. Its Laser Optics
business unit specializes in precision custom optical components, assemblies,
and optical coatings. Its customers include leading corporations in the Defense
and Aerospace, Laser Systems, and Process Control and Metrology Equipment
sectors of the Photonics Industry, as well as the U.S. Government. Its products
are also used extensively by researchers at National Laboratories and
Universities world-wide. |
