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To: ~digs who wrote (3089)	6/12/2007 11:42:53 PM
From: ACAN	Respond to of 7944

Ouch! ------------------------------------------------------------- [WEDC] stockcharts.com June 12, 2007 - 7:30 AM EDT White Electronic Designs Corporation Awarded $3 Million Medical Market Contract PHOENIX, June 12 /PRNewswire-FirstCall/ -- White Electronic Designs Corporation (Nasdaq: WEDC) announced today that it has received a contract worth approximately $3.0 million for the design and manufacture of a test strip for a blood monitoring application. Hamid Shokrgozar, chairman and chief executive officer of White Electronic Designs Corporation, commented, 'We are excited to participate in this critical medical application. The medical marketplace demands extremely high quality and accuracy of results. The requirement for high-reliability and exceptional performance aligns itself perfectly with our company's long established reputation for leading-edge design and manufacturing of quality components.' According to a recent market report from the Business Communications Company, Inc., blood monitoring and testing systems accounted for 47.9% of medical point-of-care sales in 2005 and are expected to grow at a 9.4% compounded annual rate through 2010. 'As we continue to expand and diversify into new target markets, we continue to mitigate our company's risk related to being dependent on any single market segment,' added Mr. Shokrgozar. WEDC also introduced one of the industry's first medical series CompactFlash(R) memory cards earlier this year. The test strip is manufactured using laminated layers of transparent plastic. After the patient places a drop of blood on the strip, the strip is inserted into an electronic instrument to measure blood chemistry. WEDC will produce the test strips in its Columbus, Ohio facility and will commence product deliveries in the company's fourth quarter. Allan