this is nice:
(COMTEX) B: Hathaway Receives $4.75 Million Contract From Telecommuni
B: Hathaway Receives $4.75 Million Contract From Telecommunications Industry
DENVER, Mar 13, 2001 (BUSINESS WIRE) -- Hathaway Corporation (Nasdaq: HATH)
today announced that Hathaway's Computer Optical Products subsidiary in
Chatsworth, California, a division of Hathaway's Motion Control segment, has
received an add-on order valued at $4,750,000 to supply high-precision,
high-resolution brushless DC motors and optical encoders to a leading
manufacturer of test instrumentation for the fiberoptic telecommunications
industry.
The encoders are key components for optical spectrum analyzers, optical
wavelength meters, tuneable lasers and precision attennuators. These instruments
are extensively used by the telecommunications industry to measure fiberoptic
network performance as well as in research to improve throughput and bandwidth
of future optical transmission systems. Shipments for this order are scheduled
to occur over an eighteen month period beginning in July 2001.
"We are quite pleased about our increasing participation in the fiberoptic
telecommunications industry," commented Dick Smith, President and CEO.
"Shipments to this industry sector have increased 80% during the first six
months of fiscal year 2001 compared to the same period last year. This new
order, which begins shipping at the beginning of fiscal year 2002, contemplates
the delivery rate to continue increasing throughout fiscal 2002."
Headquartered in Denver, Colorado, Hathaway designs, manufactures and sells
advanced systems and instrumentation to the worldwide power and process
industries, as well as motion control products to a broad spectrum of customers
throughout the world. With subsidiaries in the United States and United Kingdom
and joint venture investments in China, Hathaway is a leading supplier of
systems automation and integration solutions to the world power industry and a
leader in process calibration technology and motion control products.
The 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 Reform Act of 1995. Forward-looking statements include,
without limitation, any statements that may predict, forecast, indicate, or
imply future results, performance, or achievements. Forward-looking statements
involve known and unknown risks and uncertainties that may cause actual results
of the Company to differ materially from the forward-looking statements. The
risks and uncertainties include international, national and local general
business and economic conditions in the Company's motion control, process and
power utilities markets, introduction of new technologies, products and
competitors, the ability to protect the Company's intellectual property, the
ability of the Company to sustain, manage or forecast its growth and product
acceptance, the continued success of the Company's customers to allow the
Company to realize revenues from its order backlog and to support the Company's
expected delivery schedules, the ability of the Company to meet the technical
specifications of its Motion Control customers, the continued availability of
parts and components, increased competition and changes in competitor responses
to the Company's products and services, changes in government regulations and
the ability to attract and retain qualified personnel. Actual results, events
and performance may differ materially. Readers are cautioned not to place undue
reliance on these forward-looking statements as a prediction of actual results.
The Company has no obligation or intent to release publicly any revisions to any
forward looking statements, whether as a result of new information, future
events, or otherwise.
CONTACT: Hathaway Corporation, Littleton, Colo.
Richard Smith, 303/799-8200
Fax: 303/799-8880
URL: businesswire.com
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KEYWORD: CALIFORNIA COLORADO CHINA INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
ENERGY
HARDWARE
SOFTWARE
TELECOMMUNICATIONS
UTILITIES
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