Re Contract & Notification
Radstone Technology PLC
11 November 2005
Immediate Release 11 November 2005
Radstone Technology PLC ("Radstone")
$12 Million Contract Extension
"Further demonstration of Radstone's leadership in rugged, commercial
off-the-shelf (COTS) computing technology"
Following clearance from its customer, Radstone Technology PLC (LSE:RST), the
world's leading independent supplier of high-performance, embedded computer
products for defence and aerospace applications is pleased to announce that in
September 2005 it received an extension to the existing ATFLIR contract from the
Raytheon Company.
The contract extension is scheduled for delivery over the next five years, and
has a net additional value to Radstone of approximately $12 million.
The ATFLIR (Advanced Targeting Forward-Looking Infra Red) systems contract was
originally granted from Raytheon in June 1998 and requires Radstone to supply
their PPC4A single board computer, MIL STD 1553 interfaces and Fibre Channel
modules for incorporation into Raytheon's 521 ATFLIR pods.
With its enhanced target detection and recognition range, ATFLIR substantially
extends the capability and survivability of the US Navy's F/A-18 Hornet fighter
aircraft squadrons worldwide. Among its benefits is delivery of a substantial
increase in target detection/recognition range over first-generation systems,
and pinpoint accuracy and assessment from longer standoff ranges. Its target
detection range shows a four-fold improvement over previous systems, and laser
designation is effective at altitudes up to 50,000 feet and at a slant range of
greater than 30 miles. These features enhance F/A-18 aircrew survivability,
allowing the pilot and weapon systems operator to strike from safer distances.
Jeff Perrin, Chief Executive of Radstone Technology PLC, commented :
"This latest order is a further demonstration of Radstone's leadership in
rugged, commercial off-the-shelf (COTS) computing technology - and also of the
excellent long term working relationship we have with Raytheon.
ATFLIR's multifunctionality, its versatility and its interoperability are
characteristic of the latest generation of systems designed for network-centric
warfare, the goal of which is to deliver battlefield advantage through superior
information acquisition and communication. Our product range is specifically
designed with these needs in mind."
Notification of Results
Radstone Technology PLC will be announcing interim results for the six months
ended 30 September 2005, on Wednesday 23 November 2005.
An analyst briefing will be at 09.30 am and a press briefing at 11.00 am at
Buchanan Communications, 107 Cheapside, London, EC2 on Wednesday 23 November.
For further information please contact:
Radstone Technology PLC Buchanan Communications
Jeff Perrin, Chief Executive Tim Thompson
Kevin Boyd, Group Finance Director Nicola Cronk
01327-359444 020 74665000
Web: http://www.radstone.co.uk timt@buchanan.uk.com
About Radstone Technology PLC
Radstone Technology PLC is a global provider of computer products and services
at the leading edge of the IT and electronics industry. The Group's main
business, Radstone Embedded Computing, designs and manufactures embedded
computer products for defense and aerospace applications. Radstone's products
are all based on leading-edge commercial technologies.
Radstone Embedded Computing includes Radstone Digital Processing, which leads
the market in the development and delivery of rugged, high performance single
board computers, communications and networking modules and digital signal
processors; ICS (Interactive Circuits and Systems), a leader in the field of
data acquisition and processing; and Octec, a developer and manufacturer of high
performance real-time video tracking and image processing solutions.
Foundation Technology is the Group's Electronics Manufacturing Services
business, and provides a wide range of electronic manufacturing services
including design, development and fast-track prototype build, through to
component procurement, automated assembly and test.
For more information about Radstone Technology PLC and its business, products
and services, visit the company's web site at: http://www.radstone.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange