Dewey Electronics Corp.
DEWEY ELECTRONICS RECEIVES AN ADDITIONAL DELIVERY ORDER FOR 2kW MILITARY TACTICAL GENERATORS
Thursday 08 January 2009
FOR:
THE DEWEY ELECTRONICS CORPORATION
27 Muller Road
Oakland, NJ 07436
KCSA Joseph A. Mansi / Garth Russell
CONTACT: (212) 896-1205 / (212) 896-1250
FOR IMMEDIATE RELEASE
DEWEY ELECTRONICS RECEIVES AN ADDITIONAL DELIVERY ORDER FOR 2kW MILITARY TACTICAL GENERATORS
Oakland, NJ, January 8, 2009 – The Dewey Electronics Corporation (OTCBB: DEWY), a small business concern located in Oakland, NJ, announced today the receipt of an additional delivery order for its 2kW Military Tactical Generators (MTG) for Program Manager – Mobile Electric Power (PM-MEP) from the U.S. Army Communications Electronics Command (CECOM), Ft. Monmouth, NJ.
The order, totaling approximately $2.8 million, is for both AC and DC versions of the 2kW MTG. These generators are used throughout the branches of the Department of Defense with over 11,000 fielded units delivered by Dewey since 1996.
Under the terms of the agreement, delivery of the generators is expected to begin in August 2009 and continue through January 2010. All work for the order will be performed at the Company’s Oakland, NJ facility.
This order for the 2kW MTG is a follow-on order under the indefinite-delivery/indefinite quantity contract (DAAB07-01-D-C014) awarded to Dewey Electronics Corporation in 2001 by the U.S. Army CECOM.
John Dewey, President and CEO of Dewey Electronics, stated, “This order represents the continued demand for the Company’s existing product line of our man-portable 2kW MTG. We expect this latest delivery order will produce a backlog of work for our 2kW generator team through January of 2010. Everyone here at Dewey is proud of this continued opportunity to supply our armed forces with a compact portable diesel power source that, we believe, supports their needs for simple and reliable power.”
About The Dewey Electronics Corporation
The Dewey Electronic Corporation, founded in 1955, is a diversified manufacturer of sophisticated electronic and electromechanical systems for the military. Visit our website at www.deweyelectronics.com.
This release contains forward-looking statements as defined in Section 21E of the Securities and Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties including those involved in the Company's dependence upon its Department of Defense business, as further described in our filings under the Securities Exchange Act.
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