Restore Regulatory News (RST)

21 Mar 2006 07:01

Radstone Technology PLC21 March 2006 Immediate Release 21 March 2006 Radstone Technology PLC $1.3 Million Order awarded by Lockheed Martin "...High performance solutions for the most demanding of defence applications..." Radstone Technology PLC (LSE:RST) today announced that it had receivedauthorisation to disclose that in January it received an order in excess of $1.3million from Lockheed Martin's Undersea Systems line of business in Syracuse,NY, for a range of products from Radstone's ICS Sensor Processing business. Theproducts will provide optimum signal processing performance in harshenvironments, and Lockheed Martin will integrate them into a commercialoff-the-shelf (COTS)-based system that it is developing for an internationalcustomer. Radstone expects to receive orders for up to an additional eightsystems over the next ten or more years. Jeff Perrin, Chief Executive of Radstone Technology PLC commented;"We are delighted to have received this order from Lockheed Martin not leastbecause it confirms our belief that ICS products are capable of offeringcost-effective, high performance solutions for the most demanding of defenceapplications. It also demonstrates the synergies in making ICS productsavailable through Radstone's larger sales force, resulting in contract wins thatwould previously not have been possible: this win is one of the largest that ICShas ever secured." Radstone Technology PLC acquired ICS Sensor Processing (Interactive Circuits andSystems Limited) in September 2003. Headquartered in Ottawa, Canada andspecialising in the development of leading edge products and systems designedfor fast growing markets such as data acquisition, sensor processing andSoftware Defined Radio, ICS is now part of Radstone's Embedded Computingbusiness. For further information contact: Jeff Perrin, Chief ExecutiveKevin Boyd, Group Finance DirectorRadstone Technology PLCTel: +44 (0) 1327 359444Fax: +44 (0) 1327 322815E-mail: jeff.perrin@radstone.co.uk; kevin.boyd@radstone.co.uk Tim Thompson / Nicola CronkBuchanan CommunicationsTel: +44 020 7466 5000Fax: +44 020 7466 5001E-mail: nicolac@buchanan.uk.com Notes to EditorsAbout Radstone Technology PLCRadstone Technology PLC is a global provider of computer products and servicesat the leading edge of the IT and electronics industry. The Group's mainbusiness, Radstone Embedded Computing, designs and manufactures embeddedcomputer products for defence and aerospace applications. Radstone's productsare all based on leading-edge commercial technologies. Radstone Embedded Computing includes Radstone Digital Processing, which leadsthe market in the development and delivery of rugged, high performance singleboard computers, communications and networking modules and digital signalprocessors; ICS Sensor Processing (Interactive Circuits and Systems), a leaderin the field of data acquisition and processing; and Octec, a developer andmanufacturer of high performance real-time video tracking and image processingsolutions. Foundation Technology is the Group's Electronics Manufacturing Servicesbusiness, and provides a wide range of electronic manufacturing servicesincluding design, development and fast-track prototype build, through tocomponent procurement, automated assembly and test. For more information about Radstone Technology PLC and its business, productsand 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