FALLS CHURCH, VA, August 14, 2007 --[ASDWire]-- VECTr Systems Inc. (VECT:OTCBB) announced that it received its first order for MG-100 Navigation and Map Generation Systems. The units are destined for delivery to an international military customer. Management anticipates that this order will be the first of several valued at up to $900,000. Deliveries are scheduled to begin during the fourth quarter of 2007.
"I am excited by this order from a very sophisticated customer. It validates our position that the airborne surveillance market seeks lightweight, reliable, low cost solutions," said Robert Knight, VECTr Chairman and CEO. "We believe that the MG series, with its unique combination of geo-referencing and safety-of-flight features, will earn a major role in airborne surveillance operations."
About VECTr: VECTr Systems develops and markets airborne mission management systems used in airborne surveillance and reconnaissance. The Company’s map-based products couple with and manage airborne sensors to create a comprehensive system to improve situational awareness. http://www.vectrsystems.com
Customers worldwide include some of the most demanding and sophisticated users of tracking and mission control tools such as Military, Government Agency, Law Enforcement, Fire Fighting, Search & Rescue, and Utility & Resource Management organizations.
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions.
These statements reflect the Company’s current beliefs and are based upon information currently available to it. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information contained in this Press Release, including such forward looking statements.
Company InformationHerb Lustig
VECTr Systems Inc.
VECTr Systems Inc.
252 N. Washington Street
Falls Church, VA 22046
J.A. Michie, Managing Director
G.M. Capital Partners, Ltd