ATLANTA, March 8, 2010 (GLOBE NEWSWIRE) -- Video Display Corporation (Nasdaq:VIDE), an internationally recognized leader in design and manufacture of specialty niche market and rugged displays for commercial, industrial and military requirements, announced that its Aydin Displays, Inc., subsidiary has set new records for the Company's recently completed fiscal year end in both bookings and backlog. With the receipt of previously announced and yet to be announced contracts, Aydin has procured record order bookings during its fiscal year ended February 28, 2010.
"Despite the downturn of the U.S. economy in general, fiscal 2010 has been our best year by far for bookings, breaking our previous record by a double digit percentage. Aydin's B to B (book to bill ratio) for the recently finished year exceeded 1.6:1, which assures Aydin of substantial growth in revenue in the upcoming fiscal year," according to Art Mengel, President of Aydin Displays. "We are in the early stages of benefiting from production contracts being released for products and programs that Aydin has been working on for several years. As a result of these bookings, Aydin enters this new fiscal year with a record backlog of orders that are scheduled for delivery during our 2/28/2011 fiscal year. Additionally, with our new products just entering the pipeline and with continuing receipt of multi-year production contracts, Aydin's business forecast reflects another record booking year during the upcoming fiscal year."
About Aydin Displays
Aydin Displays is a leading provider in display manufacturing technology, servicing the industrial, military and air traffic control industries. Aydin offers a variety of industrial displays, rugged Military/COTS Flat Panel Displays, Military Panel PC Workstations, and Air Traffic Control Displays ranging in size from 6.4" to 57" and available in numerous mounting options. Many of its products comply with shock, vibration and EMI Military standards and can be customized to include options such as integrated touch screens. Aydin's unsurpassed commitment to quality creates unique solutions for their customers. For more information, visit Aydin's web site at www.globenewswire.com/newsroom/ctr%3Fd=172730%26amp;l=3%26amp;a=www.aydindisplays.com%26amp;u=http%253A%252F%252Fwww.aydindisplays.com" target="_top" rel="nofollow">www.aydindisplays.com.
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, from time to time, Video Display Corporation or its representatives have made or may make forward-looking statements, orally or in writing. Such forward-looking statements may be included in, but are not limited to, various filings made by the Company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the Company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions, including items discussed in the Company's Form 10-K for the year ended February 28, 2009, filed with the Securities and Exchange Commission. The Company undertakes no duty to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.