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Microcap & Penny Stocks : NAI Technology--NATL

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To: Chas who wrote (24)6/25/1997 3:22:00 PM
From: Chas   of 29
 
COLUMBIA, Md., June 25 -- NAI Technologies, Inc. (Nasdaq: NATL), today announced that its Systems Division has been awarded $3 million in initial orders by the U.S. Government, for the design, integration and production of field deployed VME systems.

The system consists of a complex configuration, with over two dozen digital signal processor modules running concurrently, housed in a compact and lightweight rack-mountable chassis. The future potential for additional systems is estimated in excess of $40 million.

"This award is a key step in continuing our transition from a product supplier to a full service systems integrator," said Steven Rice, Division President. "This program gives the division an opportunity to showcase its considerable technical expertise as well as its ability to meet demanding environmental constraints and aggressive deployment schedules."

NAI Technologies is a diversified international electronics company with strengths in both advanced computer system design and telecommunications. It is a leading provider of rugged computers, peripherals and integrated systems for military, government and commercial applications. In addition, NAI Technologies, Inc. also supplies transmission equipment for analog, digital and fiber optic communications and data interchange networks. The company's diverse customer base includes commercial markets requiring mobile computer and communications systems, U.S. and foreign armed services, intelligence agencies, the regional Bell operating companies and major worldwide independent telephone companies.

SOURCE NAI Technologies, Inc.
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