Vislink Technologies Completed Additional Delivery of Equipment Ordered on $2.8 Million U.S. Army Contract in 2019
January 28 2020 - 9:43AM
Vislink Technologies, Inc. (NASDAQ: VISL) announces that, prior to
the end of 2019, it completed an additional delivery of equipment
ordered on the $2.8 million U.S. Army contract it received last
year. The contract, originally announced on July 10, 2019, called
for the Army to purchase from Vislink ruggedized, lightweight
hand-held receivers designed to display real-time video imagery
transmitted by aerial assets or frontline surveillance platforms,
as well as related accessories. The Company also confirmed that it
has received payment for a substantial portion of the equipment
delivered under the contract.
“We are pleased to have completed this next
phase of equipment delivery based on our contract with the U.S.
Army,” said John Payne, President and COO of Vislink. “This
represented the largest portion of the order, and I am proud of the
diligent efforts of our team to make it happen before the end of
the year. We expect to fulfill the remaining delivery of equipment
by the end of this month, which will finalize our supply obligation
under the contract.”
About Vislink Technologies,
Inc. Vislink Technologies is a global leader in the
development and distribution of advanced communication solutions.
Driven by technical excellence that has led the industry for over
50 years, our innovative products and turnkey solutions provide
reliable connectivity in the toughest environments across the
global live production, military and government sectors. Our
solutions include high-definition communication links that reliably
capture, transmit and manage live event footage, as well as secure
video systems that support mission-critical applications. Vislink
Technologies shares are publicly traded on the NASDAQ exchange
under the ticker symbol VISL. For more information, visit
www.vislink.com.
Note on Forward-looking
Statements
This press release may contain projections or
other forward-looking statements within the meaning of the Private
Securities Litigation Reform Act. These statements involve risks
and uncertainties, and actual events or results may differ
materially. Among the important factors that could cause actual
results to differ materially from those in the forward-looking
statements are the risk that our reduction in operating expenses
may impact our ability to meet our business objectives and achieve
our revenue targets and may not result in the expected improvement
in our profitability, the fact that our future growth depends in
part on further penetrating our addressable market and also growing
internationally, and we may not be successful in doing so; our
dependence on sales of certain products to generate a significant
portion of our revenue; the effect of a decrease in the sales or
change in sales mix of these products would harm our business; the
risks that an economic downturn or economic uncertainty in our key
U.S. and international markets may adversely affect demand for our
products; difficulty in accurately predicting our future customer
demand; the importance of maintaining the value and reputation of
our brand; and other factors detailed in our Annual Report on Form
10-K for the year ended December 31, 2018 and our other subsequent
filings with the Securities and Exchange Commission. These
forward-looking statements speak only as of the date hereof or as
of the date otherwise stated herein. The Company disclaims any
obligation to update these forward-looking statements.
FOR MORE INFORMATION:Daniel
Carpini941-953-9035daniel.carpini@vislink.com
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