ICx Wins $3 Million SCADA Contract with the Tennessee Valley Authority (TVA)
ARLINGTON, Va. (March 23, 2010) – ICx Technologies, Inc. (Nasdaq GM: ICXT), announced today that it has been issued a blanket $3 million contract from the Tennessee Valley Authority (TVA), the largest public power company in the United States, for remote terminal units (RTUs). TVA has selected the Callisto™ Edge™ from ICx as a small RTU to deploy throughout their supervisory control and data acquisition (SCADA) system.
Edge is the latest generation in SCADA RTU technology. Designed as a technologically advanced yet cost effective solution, Edge remote modules will help increase power system visibility for the Tennessee Valley Authority. The equipment will support real-time data acquisition and control of the TVA power system as well as operational and non-operational power system data. Edge modules will be deployed in substation and pole-mount environments throughout the TVA system to help meet the need for increased data concerning system efficiency and effectiveness.
“Our Edge remote terminal units provide an economical option for increased power system data monitoring,” said David Green, general manager of ICx Control Systems, a business unit of ICx Technologies. “Incorporating powerful RTU technology, the Edge product is the culmination of our distribution automation efforts over the last twenty years and is well suited to address applications created by the Smart Grid segment of the recent economic stimulus package. We look forward to working with TVA on their automation efforts.”
The Callisto product suite includes an array of SCADA modules that perform complex control and monitoring functions, powerful stand-alone remotes that combine the capabilities of multiple modules and application-specific solutions that directly address the needs of today's electric utilities.
The entire line of ICx SCADA products will be on display this week at DistribuTECH in Tampa, FL, booth number 213. For more information on SCADA products from ICx Technologies, visit http://daq.icxt.com.
About FLIR Systems
FLIR Systems, Inc. is a world leader in the design, manufacture, and marketing of sensor systems that enhance perception and awareness. The Company’s advanced thermal imaging and threat detection systems are used for a wide variety of imaging, thermography, and security applications, including airborne and ground-based surveillance, condition monitoring, research and development, manufacturing process control, search and rescue, drug interdiction, navigation, transportation safety, border and maritime patrol, environmental monitoring, and chemical, biological, radiological, nuclear, and explosives (CBRNE) detection. Visit the Company's web site at www.FLIR.com.
The statements in this release by Earl R. Lewis, and the other statements in this release about the award described above, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including the following: the ability to manufacture and deliver the systems referenced in this release, changes in demand for the Company's products, product mix, the timing of deliveries under the award discussed above, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, the ability of the Company to manufacture and ship products in the time period required, actual purchases under agreements, the Company's continuing compliance with U.S. export control laws and regulations, the timely receipt of export licenses for international shipments, the continuing eligibility of the Company to act as a federal contractor, and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release, or for changes made to this document by wire services or Internet service providers.
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Media Contacts
Angel Bennett
FLIR, Systems, Inc.
2800 Crystal Drive, Suite 330
Arlington, VA 22202
angel.bennett@flir.com
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