ACRO big sale of its HDTV transmitters:
Acrodyne Inks Long Term Supply
Contract With Sinclair Broadcast
Group Valued At $30 Million
BLUE BELL, Pa.--(BUSINESS WIRE)--Feb. 10, 1999--Acrodyne Communications, Inc.
(NASDAQ: ACRO - news), a leading manufacturer and installer of television transmission systems,
announced today the consummation of a Strategic Purchase Agreement with Sinclair Broadcast
Group. The long term Purchase Agreement guarantees Sinclair price and delivery for NTSC and
Digital television transmitters and related services from Acrodyne.
Sinclair agrees to purchase television transmitters and related services from Acrodyne for all its
owned and operated stations. The term of the Agreement is five years automatically renewable.
A. Robert Mancuso, Acrodyne President and CEO, stated, ''The scope of this Agreement is
unprecedented in our thirty year history. I estimate that the Agreement will result in sales valued at
approximately $30 million over the next five years. We are extremely pleased that the Sinclair
organization has placed its trust in Acrodyne to meet its current and future needs for TV transmission
equipment and services.''
Delbert Parks, Vice President Engineering and Operations for Sinclair, stated, ''I am very happy to
be able to initiate this long term relationship today and look forward to the exciting new products to
come from Acrodyne tomorrow.''
Acrodyne Industries, Inc., the operating subsidiary of Acrodyne Communications, Inc., a public
company (ACRO), is an established and respected manufacturer of television broadcast equipment.
In business for 30 years, the Company has developed a leading position as a technologically
advanced, high quality producer of transmitters and translators used by television stations to
broadcast and retransmit over-the-air signals.
Sinclair Broadcast Group, Inc. is a diversified broadcasting company that currently owns or
programs 56 television stations and 51 radio stations. Upon completion of all pending transactions,
Sinclair will own or program 65 television stations in 42 separate markets and 51 radio stations in 10
separate markets. Sinclair's television group will reach approximately 25.9% of U.S. television
households and includes ABC, CBS, FOX, NBC, WB and UPN affiliates. Sinclair's radio group is
one of the top 10 groups in the United States.
This release contains certain forward-looking statements which involve known and unknown risks,
uncertainties or other factors not under the Company's control, which may cause actual results,
performance or achievements of the Company to be materially different from the results,
performance or other expectations implied by these forward-looking statements. These factors
include, but are not limited to, those detailed in the Company's periodic filings with the Securities and
Exchange Commission.
Contact:
ACRODYNE COMMUNICATIONS, INC.
Tom Newman, National Sales Manager
(215) 542-7000 ext. 115; (215) 542-7631 fax
acrodyne.com
or
WOLFE AXELROD ASSOCIATES
Stephen D. Axelrod, CFA
Susan T. Bolen (Media)
(212) 370-4500; (212) 370-4505 fax
e-mail: Steve@wolfeaxelro |
