Restore Regulatory News (RST)

20 May 2005 09:17

Radstone Technology PLC20 May 2005 For Immediate Release 20 May 2005 Radstone Announces $26.7m Contract From Raytheon Integrated Defense Systems G4DSP Quad Processor selected again for MK-48 ADCAP/ACOT program Towcester, Northamptonshire: May 20th 2005: Following clearance from itscustomer, Radstone Technology PLC (LSE: RST) today announced that the companyhad secured in March 2005 a $26.7 million contract from Raytheon IntegratedDefense Systems of Tewksbury, Massachusetts. Radstone is to provide its G4DSP rugged digital signal processors for use in thelatest phase of the MK-48 Advanced Capability (ADCAP)/Advanced Common Torpedo(ACOT) upgrade program, which is a joint development between the Naval UnderseaWarfare Center (NUWC) of Newport, Rhode Island and Raytheon Integrated DefenseSystems. Also included in the order is a quantity of Radstone's PPC4A singleboard computer. This most recent award brings the total value of orders receivedon this program to over $38.0 million. "As a business, we pride ourselves on our strength in listening to our customersand developing the products they need," said Jeff Perrin, Chief Executive ofRadstone Technology. "Beyond that, Radstone leads the industry in providinglong term support to our customers in programmes that can have a lifespan ofmany years. This order demonstrates once again that our strategy is the rightone and that it is able to deliver enduring success. We're looking forward tocontinuing to develop our excellent relationship with Raytheon." The MK-48 ADCAP torpedo is the US Navy's premier heavyweight submarine-launchedtorpedo and is widely recognized as the world's most capable anti-submarineweapon. ADCAP is a wire-guided, thermal torpedo launched through the fullsubmarine's depth and speed profile. The MK-54 LHT combines the search andhoming capability of the MK-50 with the propulsion system of the MK-46 todeliver further improved lightweight torpedo performance in shallow water. About Radstone Technology PLC Radstone 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 defense 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 (Interactive Circuits and Systems), a leader in the field ofdata acquisition and processing; and Octec, a developer and manufacturer ofhigh performance real-time video tracking and image processing solutions. 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. For further information contact: Radstone Technology PLC Tel: +44 (0) 1327 359444 Jeff Perrin, Chief ExecutiveKevin Boyd, Group Finance Director Buchanan Communications Tel: +44 020 7466 5000Tim Thompson This information is provided by RNS The company news service from the London Stock Exchange