STKR - Wow!
SALEM, N.H.--(BUSINESS WIRE)--April 19, 2004--
The Company Is Also Developing Customized Lasers For Missile Countermeasure
System On Commercial Planes
StockerYale, Inc. (NASDAQ: STKR), a leading independent provider of
photonics-based products, has received a noteworthy order from BAE SYSTEMS to
supply lasers that are integral to an airborne military missile defense system.
The Company's specialized lasers are part of the Advanced Threat Infrared
Countermeasure (ATIRCM) system, which is the next-generation countermeasure
system designed to protect military aircraft from infrared-guided missiles.
The Company is also developing a customized laser for the development of a
missile countermeasure system for commercial planes under a recent contract
received from the Nashua, N.H.-based Information & Electronic Warfare Systems
(IEWS) business unit of BAE. This commercial missile defense system is an
adaptation of the ATIRCM system concept. BAE is one of three companies awarded a
contract from the Department of Homeland Security to determine the feasibility
of adapting the military missile-defense system for commercial planes. If the
systems can be adapted, design contracts will be awarded to one or two of the
companies to build and test prototypes.
"We are pleased to have been chosen by BAE once again to participate in this
important program designed to protect aircraft from attack by shoulder-launched
missiles," said Mark W. Blodgett, StockerYale's chief executive officer. "By
successfully developing and delivering customized lasers for BAE's ATIRCM
military system, StockerYale is well positioned to deliver a variation of this
laser for use within this prospective commercial application."
Blodgett concluded, "We realize the importance and practical implications
that such a commercial countermeasure system could have and look forward
to supporting BAE on this project."
For more information
visit, www.stockeryale.com/company/news/pr--archives/pr--10112002.htm
About StockerYale
StockerYale, Inc., headquartered in Salem, NH, is an independent designer and
manufacturer of structured light lasers, light emitting diodes, (LEDs), fiber
optic, and fluorescent illumination technologies as well as specialty optical
fiber, phase masks, and diffractive optics for use in a wide range of markets
and industries including the machine vision, telecommunications, aerospace,
defense and security, utilities, industrial inspection, and medical.
StockerYale serves a widely varied, international customer base and reinvests a
significant percentage of its revenues in R&D to meet the future requirements of
its customers. StockerYale has offices and subsidiaries in the U.S., Canada,
Europe, and the Pacific Rim.
For more information about StockerYale and their innovative products, visit the
company's web site at www.stockeryale.com or contact StockerYale, Inc., 32
Hampshire Road, Salem, NH, 03079. Call 800-843-8011; Fax 603-893-5604; Email:
info@stockeryale.com.
About BAE SYSTEMS
BAE SYSTEMS Information & Electronic Warfare Systems employs more than 4,700
people at eight major facilities in five states. The business unit is a major
producer of aircraft self-protection systems and tactical surveillance and
intelligence systems for all branches of the armed forces. Other major business
areas include microwave, mission and space electronics; infrared imaging; and
automated mission planning systems.
Notice to Investors:
This press release contains forward-looking statements that do not give full
weight to all the potential risks, but relate to StockerYale's plans,
objectives, and expectations, which are dependent upon a number of factors
outside of StockerYale's control including, but not limited to: uncertainty that
StockerYale's new photonics-based products launched in 2002 will gain market
acceptance; the risk that delays and unanticipated expenses in developing new
products could delay the commercial release of those products and affect
revenue estimates; the risk that one of our competitors could develop and bring
to market a technology that is superior to those products that we are currently
developing; and StockerYale's ability to capitalize on its significant research
and development efforts by successfully marketing those products that the
Company develops. You should also refer to the discussion under "Certain Factors
Affecting Operating Results" in StockerYale's form 10K for additional matters to
be considered in this regard. Thus, actual results may differ materially. All
Company, brand, and product names are trademarks or registered trademarks of
their respective holders. StockerYale undertakes no duty to update any of these
forward-looking statements.
This press release also contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934 relating to, among other things, the Company's future
operating results and sales trends. Reliance should not be placed on forward
looking statements because they involve known and unknown risks, uncertainties
and other factors which are in some cases, beyond the control of StockerYale,
which may cause the actual results, performance or achievements of the
Company to differ materially from anticipated future results, performance
or achievements expressed or implied by such forward-looking statements.
CONTACT: StockerYale, Inc.
James B. Gargas, 603-893-8778
jgargas@stockeryale.com |
