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Technology Stocks : OVON/Optical Imaging Systems

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To: JuniorMint who wrote (23)8/28/1997 10:35:00 PM
From: Stephen D. French   of 83
 
This is from Electronic Engineering Times.

August 25, 1997, Issue: 968
Section: Opinion/Letters

OIS could show government and industry how to cooperate



On behalf of OIS Optical Imaging Systems Inc. and its employees, I wish to
thank you and the staff of EE Times for the opportunity to have OIS' views
published.

In 1993, OIS won a competitive award from Darpa to build and operate a
state-of-the-art AM-LCD manufacturing facility. Each party was to
contribute equal shares of capital. The plant was built in Northville, Mich.,
and is now in full production. We are currently producing approximately 400
displays (17 types) per month. We have U.S. government subcontracts for
the following aircraft: F-22, F-16, F-18, F-15, C-141 and Apache
helicopter. In the commercial market, we are also delivering displays for
commercial aircraft and X-ray detector sensors for medical diagnostics. We
have not defaulted on any U.S. government or commercial sub or prime
contracts. More importantly, the unfounded rumors concerning OIS
production capabilities must be dispelled. OIS is performing on all its
contracts/subcontracts and is increasing its capabilities on a daily basis. The
progress that we have made in bringing a new factory online is in our view
quite remarkable, and equal to, if not better than, the others in the industry.

Moreover, our success is such that we now have excess capacity which we
are working to fill. OIS is not experiencing production difficulties, nor was
the government's investment ill-advised. It is, from our perspective, a model
of what government and industry can accomplish when vision and ingenuity
are combined.

Rex Tapp

President and Chief Executive Officer

Optical Imaging Systems Inc.

Northville, Mich.

Editor's note: A correction pertaining to an earlier EE Times story on OIS
(see July 21, page 22) appeared on page 8 of the Aug. 11 issue.
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