OLATHE, Kan., July 7 /PRNewswire-FirstCall/ -- Elecsys Corporation
(Amex: ASY), announced today that its Radix Corporation subsidiary has
received a $2.6 million order to supply a newly developed configuration of
its flagship FW900 handheld computing product to Transnet, a world-class
transport and logistics company that operates the railways, ports and
pipelines throughout South Africa. The new variant of this industry leading
ultra-rugged handheld computer, developed in partnership with the South
Africa-based Computer Foundation, integrates both global positioning system
(GPS) and radio frequency identification(RFID) technologies with
cutting-edge data communication techniques.
Radix President Dave Wakefield commented, "The vast and growing market
for logistics tracking and management solutions demands an ultra-rugged
handheld computing solution. This market is one of several that we have
identified where users have become dissatisfied with less rugged mobile
computing solutions and Radix is well-positioned to meet the increasing
need for truly rugged devices. We look forward to working closely with both
Computer Foundation and Transnet to ensure the success of this project and
enhance our relationship with these outstanding organizations."
This order, to be delivered by the end of October, is the initial phase
of a larger Transnet project that could generate similar orders for Radix
over the next three years, as Transnet expands its infrastructure as an
integral part of the growing South African economy. Radix is a recognized
leader in providing ultra-rugged and reliable handheld computing devices
for use in harsh environments where data integrity is paramount.
Karl Gemperli, president and chief executive officer of Elecsys, added,
"Since our acquisition of the Radix business nine months ago, we have made
targeted investments in engineering development that could expand our
business into additional markets. Being selected to work on this project
with Transnet and Computer Foundation is a major accomplishment for the
team at Radix. We are optimistic about the future growth potential at Radix
and will continue to invest in new regions, markets, and business
partners."
Computer Foundation specializes in designing, developing and deploying
integrated geographic information systems and business data management
solutions worldwide. The Radix handheld computers will be part of a
nationwide logistics tracking system that Computer Foundation is developing
for the South African Freight Rail division of Transnet.
About Elecsys Corporation
Elecsys Corporation operates three wholly owned subsidiaries, DCI,
Inc., NTG, Inc., and Radix Corporation. DCI provides electronic design and
manufacturing services for original equipment manufacturers in the
aerospace, transportation, communications, safety, security and other
industrial product industries. DCI has specialized expertise and
capabilities to integrate custom electronic assemblies with a variety of
innovative display and interface technologies. NTG designs, markets, and
provides remote monitoring solutions for the gas and oil pipeline industry
as well as other industries that require remote monitoring. Radix develops,
designs and markets ultra-rugged handheld computers, peripherals and
portable printers. The markets served by its products include utilities,
transportation logistics, traffic and parking enforcement, route
accounting/deliveries, and inspection and maintenance. For more
information, visit our website at http://www.elecsyscorp.com.
Safe-Harbor statement
The discussions set forth in this press release may contain
forward-looking comments based on current expectations that involve a
number of risks and uncertainties. Actual results could differ materially
from those projected or suggested in the forward-looking comments. The
difference could be caused by a number of factors, including, but not
limited to the factors and conditions that are described in Elecsys
Corporation's SEC filings, including the Form 10-KSB for the year ended
April 30, 2007. The reader is cautioned that Elecsys Corporation does not
have a policy of updating or revising forward-looking statements and thus
he or she should not assume that silence by management of Elecsys
Corporation over time means that actual events are bearing out as estimated
in such forward-looking statements.
Investor Relations Contact: Todd A. Daniels
(913) 647-0158, Phone
(913) 647-0132, Fax
investorrelations@elecsyscorp.com
Media Inquiries Contact: Shelley Bartkoski
Hagen and Partners
(913) 642-3715
sbartkoski@hagenandpartners.com
SOURCE Elecsys Corporation
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Related links:
http://www.elecsyscorp.com
CONTACT:
Investors, Todd A. Daniels of Elecsys
Corporation, +1-913-647-0158, fax, +1-913-647-0132,
investorrelations@elecsyscorp.com; or Media, Shelley Bartkoski of
Hagen and Partners, +1-913-642-3715,
sbartkoski@hagenandpartners.com, for Elecsys Corporation
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