SAN
DIEGO, Cal. 17 June 2004 - Vektrex Electronic Systems, Inc., a leading
provider of obsolescence solutions, announced today that the U.S Navy has
awarded the company a $25 million (maximum order amount)
indefinite-delivery/indefinite-quantity (IDIQ) contract for research and
development, prototype development and fabrication,
demonstration/validation, fabrication/production of hardware and software
focused on retrofitting developed products into existing air and sea-based
platforms pertaining to the development of Composite Replacement Instruments
(CRIs). This new, five-year contract was competitively bid and calls for
Vektrex to support the Navy and other services providing obsolescence
solutions.
“This is the most significant agreement we’ve made
with the U.S. Navy, and it is tangible recognition of Vektrex’ Composite
Replacement Instrument solution to address obsolete instrumentation/modules
in legacy Automated Test Equipment (ATE) and Common Support Systems (CSS).
Vektrex is honored to support the Navy and honored to have successfully
graduated from the Small Business Innovation Research (SBIR) program and
transitioning SBIR and commercially developed technology into the fleet
addressing joint services obsolescence,” said Melissa Ford, Vektrex
President and CEO.
Jeff Hulett, Vektrex CTO added "Composite
Replacement Instruments masquerade as the original obsolete instruments,
seamlessly replacing them in test systems - without requiring costly
software upgrade or rehost. CRIs provide the opportunity to extend the life
of ATE systems, immediately improving reliability while reducing on-going
support and maintenance costs. "
The work will be performed primarily in San Diego,
California.
About Vektrex
Incorporated in 1986, Vektrex is a
software and systems integration company supporting the test and measurement
industry. The company is
focused on advancing measurement technology and migrating measurements from
hardware; test instruments and test tubes, into software and the PC. Vektrex has established key expertise with test instruments,
instrument drivers, and software based measurements and provides enabling
products and services that help clients migrate to software-based
measurements. Products include
patent pending Masquerade technology enabling the rapid development of
Composite Replacement Instruments (CRI); form, fit, function replacements
for obsolete instrumentation in legacy ATE.
Vektrex also produces software products focused on drivers and
reusable software components including VIVID, the industry standard software
development toolkit that produces IVI compliant COM based drivers.
Vektrex' clients span advanced technology industries including
defense, biotechnology, and semi-conductor.
See Vektrex at www.vektrex.com.
For
more information please contact:
Melissa Ford
(858) 558-8282
sales@vektrex.com
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