Acrodyne Communications, Inc. Forms Strategic Alliance to Provide Digital Technology in Asia

Business Wire, Nov 11, 1999

BLUE BELL, Penn.--(BUSINESS WIRE)--Nov. 11, 1999--

Acrodyne Communications, Inc., a leading manufacturer and installer of television transmission systems, announced today that it has entered into a long term strategic agreement for the development, sale, and manufacture of digital technology in Asia.

The terms of this multi-million dollar agreement, include the following major stages.

- Product Development Stage.

- Small Quantity Production and Supply of Initial Commercial

Product.

- Complete Manufacturing Stage.

A. Robert Mancuso, Acrodyne President and CEO commented, "This agreement provides Acrodyne a valuable partner in the Asian region for digital products. Due to the nature of this agreement our relationship will be an extensive and positive experience for each organization. Additional details will be published as the project progresses."

Acrodyne Industries, Inc., the operating subsidiary of Acrodyne Communications, Inc., and a publicly traded company (NASDAQ:ACRO) has been an established and respected manufacturer of television broadcast equipment for over three decades. Acrodyne is a leading producer of technically advanced, high quality television transmitters.