U.S. Navy Selects Telephonics Secure Digital Intercom System(FARMINGDALE, N.Y., Nov. 15, 2005) -- Telephonics Corporation, a wholly owned subsidiary of the Griffon Corporation (NYSE:GFF) announced today a contract award from the U.S. Navy to manufacture, integrate and install its newest digital audio intercommunication system for forty-seven of the Navy's P-3C Orion aircraft.
The Naval Air System Command selected Telephonics Corporation under its P-3 Critical Obsolescence Program as the aircraft intercommunication system integrator and supplier of its Secure Digital Intercommunication system. Telephonics will supply the digital intercom, design, integrate and manufacture the aircraft installation kits and manage the installation for the fleet upgrade under the contract. The contract is valued in excess of $20 million.
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The Telephonics Secure Digital Intercommunication system, which is currently deployed on over 30 platforms for U.S. and International military applications, will provide secure communications for the 12 crewmembers on the P-3 aircraft. The small, lightweight and highly reliable digital system will replace the obsolete AIC-22 equipment providing the Navy with modern communications that meets all of the system requirements and is easily upgraded to meet emerging requirements.
"The P-3 Replacement ICS Program solidifies Telephonics commitment as a prime supplier to the Navy and furthers our history of providing secure communications to the P-3 and anti-submarine warfare fleet," said Phil Nicholas, President, Telephonics Communication Systems Division.
Work on this program will be performed at the Telephonics facilities in Farmingdale, NY and at Patuxent River Naval Air Station.
A subsidiary of Griffon Corporation (NYSE: GFF), Telephonics' (www.telephonics.com) broad based, high-tech engineering capabilities provide integrated information and communication systems solutions to both domestic and international markets. The company is organized into two operating divisions: Communications Systems, specializing in aircraft intercommunications, mass transit communications, wireless and audio products; and Command Systems, specializing in traffic management systems, maritime surveillance radar and aerospace electronics; and one wholly-owned subsidiary, TLSI. Operating under the Telephonics umbrella, TLSI (www.tlsi.com) manufactures application-specific integrated circuits (ASIC) for the telecommunications, automotive and industrial security markets.
About Griffon Corporation
In addition to developing and manufacturing information and communication systems for government and commercial markets worldwide, Griffon Corporation is also a leader in the development and production of embossed and laminated specialty plastic films used in the baby diaper, feminine napkin, adult incontinent, surgical and patient care markets. Griffon Corporation is also a leading manufacturer and marketer of residential, commercial and industrial garage doors sold to professional installing dealers and major home center retail chains. Through a substantial network of operations located throughout the country, Griffon's building products company also installs and services specialty building products, primarily garage doors, openers, fireplaces and cabinets for new construction markets.
Forward Looking Statements
``Safe Harbor'' Statement under the Private Securities Litigation Reform Act of 1995: All statements other than statements of historical fact included in this release, including without limitation statements regarding the company's financial position, business strategy and the plans and objectives of the company's management for future operations, are forward-looking statements. When used in this release, words such as ``anticipate,'' ``believe,'' ``estimate,'' ``expect,'' ``intend,'' and similar expressions, as they relate to the company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the company's management, as well as assumptions made by and information currently available to the company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, business and economic conditions, competitive factors and pricing pressures, capacity and supply constraints. Such statements reflect the views of the company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the company. Readers are cautioned not to place undue reliance on these forward-looking statements. The company does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.
(C) 2005 Telephonics Corporation. 815 Broad Hollow Road, Farmingdale, NY 11735. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.
Carrie Petrocca, 631-755-7583
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Source : Telephonics Corporation