PHPG.97/1.01
Message 21740889
Message 21740872
Message 21740863
Message 21740850
If we get the BIG ONE we will quickly go to 6.00-8.00 IMO-altho this release today is very important and in conjunction with the Northrup release below gives you a look at how PHPG has got this practically LOCKED UP for systems to defeat surface to air-again, my opinion only.
(COMTEX) B: INRAD Doubles Production Capacity For Northrop Grumman Missile
B: INRAD Doubles Production Capacity For Northrop Grumman Missile Warning Compon
NORTHVALE, N.J., Aug 02, 2005 /PRNewswire-FirstCall via COMTEX/ -- Photonic
Products Group, Inc. (OTC Bulletin Board: PHPG) announced today that its INRAD
business unit has doubled its production capacity for a proprietary ultra-violet
(UV) waveband optical filter elements under contract to Northrop Grumman's
Defensive Systems Division based in Rolling Meadows, IL, and has recently
received additional orders for over 800 units. These production contracts are
for the Northrop Grumman AN/AAR-54(V) Missile Warning System and the
AN/AAQ-24(V) Nemesis DIRCM Self-Protection Suite. The dollar value of the
contract was not disclosed.
The subject ultra-violet filters are specialty optical components made from high
purity and high uniformity single-crystals of a proprietary material. This
synthetic crystal material was developed by Northrop Grumman and is produced for
them under license by INRAD. These filters are an optical component of Northrop
Grumman's airborne electro-optical missile warning sensors.
Northrop Grumman's anti-missile aircraft defensive systems are currently
employed on a variety of US and UK military aircraft operating world-wide, and
their numbers are increasing. Originally developed for military aircraft,
Northrop Grumman is adapting the DIRCM system under contract to the US
Department of Homeland Security (DHS), participating in that Department's
program to develop and test anti-missile systems designed to protect commercial
aircraft.
Dan Lehrfeld, President and CEO of Photonic Products Group commented, "We are
proud to continue to be Northrop Grumman's supply chain partner for this
critical component, keeping pace with their increasing requirements. Systems
that protect military and commercial aircraft from the proliferating threat of
anti-aircraft missiles are experiencing increases in demand throughout the
world."
Photonic Products Group, Inc. develops, manufactures, and markets products and
services for use in diverse Photonics industry sectors via its expanding
portfolio of branded businesses. INRAD specializes in crystal-based optical
components and devices, laser accessories and instruments. Laser Optics
specializes in precision custom optical components, assemblies, and optical
coatings. MRC Optics specializes in precision metal and diamond turned optics,
and opto-mechanical and electro-optical assemblies. PPGI's customers include
leading corporations in the Defense and Aerospace, Laser Systems, and Process
Control and Metrology sectors of the Photonics Industry, as well as the U.S.
Government. Its products are also used by researchers at National Laboratories
and Universities world-wide.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: The statements contained in this press release that are not purely
historical are forward looking statements within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These
statements may be identified by their use of forward-looking terminology such as
"believes", "expects", "will", "plan", or similar words. Such forward-looking
statements involve risks and uncertainties that could cause actual results to
differ materially from those projected. Risks and uncertainties that could cause
actual results to differ materially from such forward looking statements are,
but are not limited to, uncertainties in market demand for the company's
products or the products of its customers, future actions by competitors, and
other factors discussed from time to time in the Company's filings with the
Securities and Exchange Commission. The forward looking statements made in this
news release are made as of the date hereof and Photonic Products Group, Inc.
does not assume any obligation to update publicly any forward looking statement.
Contact Information:
Daniel Lehrfeld
President and CEO
Photonic Products Group, Inc.
201-767-1910
dlehrfeld@inrad.com
inrad.com
SOURCE Photonic Products Group, Inc.
CONTACT: Daniel Lehrfeld, President and CEO of Photonic Products Group
dlehrfeld@inrad.com
URL: prnewswire.com
ppgrpinc.com
inrad.com
www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved.
-0-
KEYWORD: New Jersey
INDUSTRY KEYWORD: AIR
ARO
CPR
OTC
ECP
SUBJECT CODE: CON
*** end of story *** |
