White Electronic Designs Corporation's Chairman and CEO Hamid Shokrgozar commented, "We are pleased to have been awarded this follow-on order. Our technology in this area is leading-edge and we are dedicated to continuing to provide solutions that will keep our military supplied with the most advanced weaponry in the world. We expect to ship these products over the next 24 months."
About White Electronic Designs Corporation
White Electronic Designs Corporation designs, develops and manufactures innovative components and systems for high technology sectors in military, industrial, medical and commercial markets. White's products include advanced semiconductor packaging of high-density memory products and state-of-the-art microelectronic multi-chip modules for military and defense industries and data and telecommunications markets; anti-tamper products for mission-critical semiconductor components in defense and secure commercial applications; enhanced and ruggedized high-legibility flat-panel displays for commercial, medical, defense and aerospace systems; digital keyboard, touch-screen operator-interface systems, RFID antenna and medical sensors; and electromechanical assemblies for OEM's in commercial and military markets. White is headquartered in Phoenix, Arizona, and has design and manufacturing centers in Arizona, Indiana, Ohio and Oregon. To learn more about White Electronic Designs Corporation's business, as well as employment opportunities, visit our website, www.wedc.com. A copy of this press release is also available under the Investors section of our website.
This press release contains forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for such forward-looking statements. The words, "believe," "expect," "anticipate," "estimate," "will" and other similar statements of expectation identify forward-looking statements. Forward looking statements contained herein include, but are not limited to, statements regarding our system-on-chip technology and anticipated product shipment dates. These forward-looking statements speak only as of the date the statements were made and are based upon management's current expectations and beliefs and are subject to a number of risks and uncertainties, some of which cannot be predicted or quantified, that could cause actual results to differ materially from those described in the forward-looking statements. In particular, the following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the inability to procure required components, manufacturing difficulties or delays, the inability to develop and implement new manufacturing technologies, and changes or restrictions in the practices, rules and regulations governing our business.
Additionally, other factors that could cause actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements are included in Exhibit 99.1 to the Company's Quarterly Report on Form 10-Q for the quarter ended July 2, 2005 and in the Company's Annual Report on Form 10-K for the year ended October 2, 2004 under the heading "Business-Risk Factors." You are cautioned not to place undue reliance on our forward-looking statements. We do not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after this press release, or to reflect the occurrence of unanticipated events.
Contact: Hamid Shokrgozar Chairman and CEO White Electronic Designs Corporation 602-437-1520 Email Contact The RCG Group Retail: Joe Dorame Institutional/Analyst: Joe Diaz Email Contact 480-675-0400
CONTACT: Hamid Shokrgozar, Chairman and CEO of White Electronic Designs
Corporation, +1-602-437-1520, Email Contact; or Retail, Joe Dorame, or
Institutional/Analysts, Joe Diaz, Email Contact, both of The RCG
Group, +1-480-675-0400, for White Electronic Designs Corporation
Web site: http://www.wedc.com/