(COMTEX) B: Acrodyne Industries, Inc. Finalizes License Agreement Wit
B: Acrodyne Industries, Inc. Finalizes License Agreement With the Sinclair
Broadcast Group
BLUE BELL, Pa., Mar 15, 2000 (BUSINESS WIRE) --
Agreement is for the Manufacture and Sales of the Sinclair Developed
Quantum(TM) IOT Equipped Television Transmitter Series
Acrodyne Industries, Inc. announced today that it has reached a
definitive agreement with the Sinclair Broadcast Group, Inc. for the
exclusive rights to manufacture and sell the Sinclair designed QUANTUM
IOT analog and digital transmitter line. Sinclair created this newly
developed line of transmitter products at its Baltimore headquarters,
to meet its own internal digital and analog requirements. The Quantum
line was conceived by broadcasters and designed by the same talents
that invented IOT transmitters over ten years ago. The digital version
of the Quantum line is designed to be capable of both 8-VSB and COFDM
service.
Bob Mancuso, President of Acrodyne commented on this new opportunity
for Acrodyne. "This agreement with Sinclair gives Acrodyne and its
customers a decided advantage in the new digital and traditional analog
marketplace. We can now offer our customers a complete set of
technology choices ranging from the Rohde and Schwarz solid state
transmitters through the unique solutions for adjacent channel digital
assignments offered by our Diacrode ACTTM systems, to now, the new
Quantum IOT transmitter line for high power full service applications."
David Smith, CEO of Sinclair also commented on this agreement, "We are
very excited that we can make this new and innovative technology
available to the television broadcast industry. It represents a new
generation of transmitters that we designed to meet the needs of our
stations. Since we operate 61 TV stations in 40 markets, we believe we
have also created a universal product uniquely suited for most
broadcaster applications."
Acrodyne Industries, Inc., the operating subsidiary of Acrodyne
Communications, Inc., and a publicly traded company (NASDAQ:ACRO) has
been an established and respected manufacturer of television broadcast
equipment for over three decades. Acrodyne is a leading producer of
technically advanced, high quality television transmitters.
Sinclair Broadcast Group (NASDAQ:SBGI) is a diversified broadcasting
company that currently owns or programs 61 television stations.
Sinclair's television group reaches approximately 25% of U.S.
television households and includes ABC, CBS, FOX, NBC, WB, and UPN
affiliates.
This press release contains "forward-looking statements" concerning
future expectation, plans or strategies that involve a number of risks
and uncertainties. The Company wishes to caution readers that certain
factors may have affected the Company's actual results and could cause
results for subsequent periods to differ materially from those
expressed in any forward-looking statements to reflect subsequently
occurring events or circumstances.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: Acrodyne Industries
Ellen J. Rainey
215/542-7000, ext. 137
WEB PAGE: businesswire.com
GEOGRAPHY: PENNSYLVANIA
INDUSTRY CODE: TELEVISION/RADIO
TELECOMMUNICATIONS
COMPUTERS/ELECTRONICS
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