Presstek’s Lasertel Subsidiary Awarded Contract With SELEX Sensors and Airborne Systems
HUDSON, NH--July 11, 2007--Presstek, Inc. (Nasdaq: PRST), today announced that its subsidiary, Lasertel, Inc., has received a purchase contract for more than $3 million from SELEX Sensors and Airborne Systems to supply laser diode arrays for use in military aerospace targeting systems. The laser diode arrays will be delivered to SELEX S&AS during the remainder of 2007. This purchase is the latest in a series of contracts awarded to Lasertel as part of the strategic supply agreement in place between SELEX S&AS and Lasertel.
"We are pleased to receive this latest purchase order from SELEX Sensors and Airborne Systems," said Lasertel President Mark McElhinney. "The defense sector continues to be an important market for us, and we're delighted to have the opportunity to strengthen our already well-established business with SELEX S&AS."
SELEX S&AS is owned by Finmeccanica and is one of Europe's leading defense electronics companies. Graeme Creamer, Head of USA Procurement for SELEX S&AS, said, "Lasertel continues to be a key supplier to SELEX S&AS, and this latest order is indicative of the success of our relationship with Lasertel."
Lasertel, Inc., a Presstek subsidiary, is a leading worldwide supplier of active optical components. The company is dedicated to state-of-the-art design and production of high-power semiconductor lasers for a variety of users, including the graphics, defense, industrial, and medical industries, as well as current and next-generation telecommunications. Lasertel is a vertically integrated semiconductor laser manufacturer. In-house epitaxy, wafer processing and packaging enable consistent delivery of a wide range of standard and customer-specific product solutions.
Presstek, Inc. is the leading manufacturer and marketer of high tech digital imaging solutions to the graphic arts and laser imaging markets. Presstek's patented DI®, CTP and plate products provide a streamlined workflow in a chemistry-free environment, thereby reducing printing cycle time and lowering production costs. Presstek solutions are designed to make it easier for printers to cost effectively meet increasing customer demand for high-quality, shorter print runs and faster turnaround while providing improved profit margins. Presstek subsidiary, Lasertel, Inc., manufactures semiconductor laser diodes for Presstek's and external customers' applications. For more information visit www.presstek.com, or call 603-595-7000 or email: firstname.lastname@example.org.