wedc*** is a stock to look at hard for this year...esp at this price of 5 1/2...this today:
White Electronic Designs Receives Order Valued at $4 Million For Fiber Optic Networking Products
PHOENIX--(BUSINESS WIRE)--Jan. 3, 2001--White Electronic Designs Corporation (Nasdaq:WEDC - news) today announced that it has received an order valued at $4 million from a Data Communications company. The order is for development and pre-production quantities of three MCP (Multi-chip Package) memory solutions, which will be used, in fiber optic based network systems. Pre-production quantities are deliverable within the next 12 months. Production quantities will begin in Q1 '02, with a projected annual value in excess of $15 million. The production orders are pending successful qualification of the modules at the system level.
Hamid Shokrgozar, President and CEO of White Electronic Designs commented, ``This new contract is further evidence that our technologies satisfy the growing optical networks industry. We are very pleased with the continually increasing demand for our memory products.'' Driven by the exploding demand for bandwidth, next generation optical networking products promise to break the bottleneck associated with today's traditional networking architectures. These new systems will allow integrating high-speed data, voice, video, and entertainment services across fiber optics.
White Electronic Designs Corporation supplies the wired and wireless communications industry with niche semiconductor products that support network systems, switches, base stations, and other hardware platforms. The Company designs and manufactures innovative solutions for three high technology sectors in military and commercial markets: high-density memory products and multi-chip modules for data communications and telecommunications providers; ruggedized high-legibility flat panel display for commercial/military aircraft and ordnance delivery systems; interface storage and retrieval devices, and electromechanical assemblies for OEM's in commercial and military markets. White is headquartered in Phoenix, Arizona, and has design and manufacturing centers in Arizona, Massachusetts and Indiana.
To learn more about White Electronic Designs Corporation's business, as well as employment opportunities, please visit its website at whiteedc.com.
This news release may contain forward-looking statements usually containing the words ``believe'', ``expect'' or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act. Future results of operations, projections, and expectations, which may relate to this release, involve certain risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the factors detailed in the Company's Annual Report on Form 10-K and in the Company's other Securities and Exchange Commission filings.
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Contact:
White Electronic Designs Corp.
Hamid Shokrgozar, 602/437-1520
hamid@whiteedc.com
or
Cameron Associates
Michael Brod, 212/245-8800
michael@cameronassoc.com |
