Dewey Electronics Corp.
DEWEY ELECTRONICS RECEIVES AN ADDITIONAL DELIVERY ORDER FOR NEW VEHICLE AUXILIARY POWER GENERATOR
Tuesday 12 August 2008
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 NEW VEHICLE AUXILIARY POWER GENERATOR
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$502,300 award is second delivery order received under the 4 year IDIQ contract
Oakland, NJ, August 12, 2008 – The Dewey Electronics Corporation (OTCBB: DEWY), a small business concern located in Oakland, NJ, announced today a delivery order for its new vehicle auxiliary power generator used in the U.S. Marine Corp’s Logistic Vehicle. This order for the Logistic Vehicle Power System (LVPS) generator is the first follow-on order under the indefinite delivery/indefinite quantity (IDIQ) contract awarded by the USMC Systems Command, Quantico, VA, in July 2007. Under the terms of the agreement, the Company will receive $502,300 for the delivery of spare LVPS and service kits. Delivery is expected to be completed in January of 2009.
The LVPS is a compact diesel powered auxiliary power unit (APU) for military vehicles. The APU provides 3.5kW of 28V DC electrical power to charge Hawker Armor Safe batteries and to operate a jamming system intended to defeat improvised explosive devices. This order marks the second delivery order received on this four year IDIQ contract awarded in July of 2007. The initial delivery order was part of a rapid design-to-manufacture program that delivered hardware in December of 2007.
John Dewey, President and CEO, stated, “The LVPS represents our first major offering in the military vehicle APU market. I am excited to see a follow on order as it demonstrates the increasing traction and success of our development strategy for APU’s. Our approach in this area focuses on simple design that provides our war fighters with generators that are easy to operate, highly reliable and low maintenance.”
The LVPS auxiliary power unit is an extension of Dewey’s existing product line of man portable 2kW Military Tactical Diesel Generators - 11,000 of which have been fielded with various branches of the Department of Defense.
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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