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Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: killybegs who wrote (4019)	12/14/1998 10:31:00 AM
From: digger	Read Replies (1) \| Respond to of 17679

finally a ray of hope(continued revenues)! that is spelled out for us all to read. not that i ever had any doubts! thank you jubmimer! i'm am so pschyed, here it is again...... Ampex Wins 7.3 Million-Dollar Contract With Lockheed Martin; Air Force Satellite Program to Implement Ampex DST 712 Data Archive System Monday, December 14, 1998 08:13 AM Mail this article to a friend new! REDWOOD CITY, Calif.--(BUSINESS WIRE)--Dec. 14, 1998--Ampex Data Systems, a wholly-owned subsidiary of Ampex Corporation (Amex:AXC), today announced a $7.3 million contract with Lockheed Martin Corporation, a premier technology and systems provider for the government markets. The contract involves the implementation of a data archive system for a major Department of Defense/U.S. Air Force satellite program. Ampex' integrated archive system will provide Lockheed Martin and U.S. Air Force with a state-of-the-art storage and retrieval architecture. Delivery of the system will commence in early 1999. Expected to house data from multiple sources, the satellite program requires an automated data archive system capable of quickly storing and retrieving massive amounts of data. Chosen for its performance and reliability, the Ampex system includes multiple DST 712 libraries for a total capacity of up to 100 terabytes (or 100 million megabytes). The DST 712 library has several features, including a drive search speed of 1600 MB/second, which makes it possible to retrieve any file in the archive in less than 20 seconds on average. The system will serve multiple ground station sites. In developing the proposal for the Lockheed Martin satellite program, Ampex offered the most comprehensive and cost-effective solution. An Ampex spokesperson stated "This contract is a significant win for Ampex and gives us the opportunity to provide a complete automated archiving and retrieval system for one of the most highly-complex and multi-faceted satellite programs." About the DST 712 Automated Tape Library The Ampex DST 712 library reduces the cost of storage to less than three cents per megabyte, simplifies media administration and lowers overhead by reducing the need to manually track and house large numbers of data cartridges. The DST 712 library's high storage density also improves file access time by minimizing cartridge exchanges. Utilizing one or more tape transports, each transferring data at high speeds, the DST 712 library transfers uncompressed data at an industry-leading rate of 40MB/second sustained, or more than 140GB/hour. For more sales information, please visit Ampex on the World Wide Web at www.ampex.com or call Ampex toll-free at 800/752-7590 Ampex Data Systems, headquartered in Redwood City, California is one of the world's leading providers of technologies for the acquisition, storage and processing of visual information. Today, Ampex is delivering digital image solutions for large-scale corporate, government, network, entertainment and telecommunications applications. During its more than 50-year history of innovation, Ampex has been granted thousands of patents and numerous awards for technical achievement. Ampex customers include such leading organizations as AT&T, Boeing, HBO, Mobil Oil, Time Warner and NASA. Ampex Data Systems is a wholly-owned subsidiary of Ampex Corporation (Amex:AXC). *T CONTACT: Ampex Data Systems Julie Campbell, 650/367-3558 or Imagio Public Relations Julie Moe, 206/625-0252 julie@imagio.com Quote for referenced ticker symbols: AXC © 1998, Business Wire