Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (6689)	4/14/1998 10:46:00 AM
From: Harry_Behemoth	Read Replies (1) \| Respond to of 34592

CHECK OUT OVON: OIS Signs $15 Million Production Agreement PR Newswire - April 14, 1998 10:31 OVON %ARO %CPR %CON V%PRN P%PRN -------------------------------------------------------------------------------- NORTHVILLE, Mich., April 14 /PRNewswire/ -- OIS Optical Imaging Systems, Inc. (Nasdaq: OVON) announced today that it has signed a production agreement for delivery of its advanced CQ6363 High Reliability ("Hi-Rel") Active Matrix Liquid Crystal Display (AMLCD) for use in the U.S. Army AH64 Apache Helicopter. The CQ6363 is a new commercially available AMLCD that is especially suited for high performance and reliability in demanding environments. Under the agreement announced today, OIS is to manufacture and deliver production quantities of displays to AlliedSignal Government Electronic Systems, in Teterboro, New Jersey. AlliedSignal will incorporate the advanced displays in highly sophisticated instruments used in Apache Helicopters. The CQ6363 is a high resolution full color display that will replace monochrome cathode ray tubes. Delivery of production displays is scheduled to begin in October 1998 and run through September 2000. The total value of displays to be purchased by AlliedSignal will be approximately $15 million and is the largest single production order received to date by OIS. Rex Tapp, President and Chief Executive Officer of OIS stated, "OIS display and sensor technology is the best in the world and we are extremely pleased to be a part of such an important enhancement to this country's military readiness. OIS has been doing business with AlliedSignal for some time and we are delighted to continue working with them on this project." The CQ6363 Hi Rel display features a viewing area of 6.25 x 6.25 inches and is capable of displaying 64 grey shades of color. The CQ6363 Hi Rel is one of a family of products that OIS tailors to meet the requirements of harsh environments and is considered suitable for many military applications such as combat aircraft. AlliedSignal is a premier supplier of advanced avionics systems to world military and commercial users. OIS designs, develops and manufactures products requiring fabrication of microelectronics and other structures on glass. OIS technology and manufacturing know-how is unique in the United States. OIS products and technology are currently used in flat panel displays, image sensors for medical diagnostics and other custom applications. OIS is the world's leading producer of highly advanced active matrix liquid crystal displays for avionic and military applications and is currently making displays for a variety of commercial and military aircraft, including the highly advanced F-22, F-18 and F-16 fighter jets and the Apache AH-64 Helicopter. 0IS's common stock trades on The Nasdaq Stock Market(SM) under the symbol OVON. OIS is an affiliate of Guardian Industries Corp., a Michigan based global manufacturer of flat glass, flat glass products, fiberglass and plastics.