TSI TELSYS ORDERS SOAR 91% IN FISCAL FIRST QUARTER
COLUMBIA, Md., April 14 /CNW/ -- TSI TelSys (Montreal: TSI) announced
today that orders received during the first quarter totaled $2.5 million U.S.
This represented an increase of 91% from 1997 first quarter orders. The order
backlog now totals $8 million U.S. which is the highest order backlog for the
company.
Commenting on the quarter, Ms. Victoria Schumaker, Vice President and
General Manager of TSI TelSys Communications Division said, ''We are very
pleased with our sales activities this quarter. We wanted to maintain our new
sales order momentum from the fourth quarter of last year and we met our
objectives by focusing on our core strengths in the marketplace. We are
pleased that our customer base has expanded with the addition of five new
customers and that we received a total of eleven orders, the largest number of
orders which we have received in one quarter. Furthermore, we expanded our
market with our first orders from Europe. These efforts support our goal of
building shareholder value through consistent growth in sales and market
share.''
TSI TelSys' new customers included GEC/Marconi, Kongsberg/Lockheed Martin
Space Data Services A/S, NASA's Wallops Island facility, the European Space
Agency (ESA), and Software Technology Inc. (STI). Repeat customers included
NEC of Japan for the ADEOS-II program and Harris Corporation for Phase II of
the Tactical Common Data Link (TCDL) program.
TSI TelSys is headquartered in Columbia, Maryland, and is the premier
developer and manufacturer of high performance, multi-mission satellite data
processing systems for ground station operations and satellite test and
integration.
TSI TelSys' new Reconfigurable Computing Division is a leading developer
of Reconfigurable Computing Technology products and system development tools.
Reconfigurable computing is a new and emerging computing technology which
combines the speed of dedicated hardware with the flexibility of software.
Except for historical information contained herein, the matters discussed
in this press release contain forward looking statements that, due to
uncertainties, may differ materially from actual results.
Further information about TSI TelSys, including copies of press releases,
may be found through the TSI TelSys Internet Web site at
tsi-telsys.com. Press releases are also available at no charge
through PR Newswire's Company News On-Call fax service at 800-758-5804,
extension 108045 and on PRN's Web site at prnewswire.com. TSI
TelSys Corporation is listed on the Montreal Exchange, trading symbol ''TSI''.
%SEDAR: 00003025E
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John |
