Mil-Tech

AeroVironment Receives $11.1 Million Order for RQ-11B Raven Small Unmanned Aircraft System Contractor Logistics Support

AeroVironment, Inc. announced it received a new $11,095,872 cost-plus-fixed-fee sole source contract award on March 1, 2012 from the United States Army. The order comprises Army, Marine Corps and Foreign Military Sales contractor logistics support for Raven systems. The logistics support services are scheduled to be delivered through Feb. 28, 2013.

“AeroVironment’s UAS logistics operation supports systems deployed worldwide to ensure a consistently high level of operational readiness,” said Tom Herring, senior vice president and general manager, Unmanned Aircraft Systems. “The Raven system continues to be an important asset for U.S. and allied armed forces.”

The RQ-11B Raven unmanned aircraft system comprises a 4.2-pound, backpackable, hand-launched sensor platform that provides day and night, real-time video imagery wirelessly to a portable ground control station for “over the hill” and “around the corner” reconnaissance, surveillance and target acquisition in support of tactical units. U.S. armed forces use Raven systems extensively for missions such as base security, route reconnaissance, mission planning and force protection. Each Raven system typically consists of three aircraft, two ground control stations and spares.

About AeroVironment’s Family of Small UAS

RQ-11B Raven(R), Wasp(TM), Puma and Shrike VTOL(TM) comprise AeroVironment’s Family of Small Unmanned Aircraft Systems. Operating with a common ground control system (GCS), this Family of Systems provides increased capability to the warfighter that can give ground commanders the option of selecting the appropriate aircraft based on the type of mission to be performed. This increased capability has the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel. AeroVironment has delivered thousands of new and replacement small unmanned air vehicles. International purchasers of AeroVironment’s small UAS include the armed forces of Italy, Denmark, the Netherlands, Spain, France, Norway, the Czech Republic, Thailand and Australia.

The Qube(TM) small UAS is tailored to law enforcement, first response and other public safety missions. Small enough to fit easily in the trunk of a car, the Qube system can be unpacked, assembled and ready for flight in less than five minutes, giving the operator a rapidly deployable eye in the sky at a fraction of the cost of manned aircraft and large unmanned aircraft.

About AeroVironment, Inc.

AeroVironment is a technology solutions provider that designs, develops, produces, operates and supports an advanced portfolio of Unmanned Aircraft Systems (UAS) and electric transportation solutions. Agencies of the U.S. Department of Defense and allied military services use the company’s electric-powered, hand-launched unmanned aircraft systems extensively to provide situational awareness to tactical operating units through real-time, airborne reconnaissance, surveillance and communication. Multiple government agencies have helped to fund the development and demonstration of Global Observer, a hybrid-electric, stratospheric UAS designed to provide affordable, persistent reconnaissance and communication over any location on the globe. Switchblade is a loitering munition designed to provide a rapid, lethal, pinpoint precision strike capability with minimal collateral damage. AeroVironment’s electric transportation solutions include a comprehensive suite of electric vehicle (EV) charging systems, installation and data services for consumers, automakers, utilities and government agencies, power cycling and test systems for EV developers and industrial electric vehicle charging systems for commercial fleets. More information about AeroVironment is available at www.avinc.com .

Safe Harbor Statement

Certain statements in this press release may constitute “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

ORBCOMM Completes Acquisition of PAR Logistics Management Systems

ORBCOMM Inc., a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, announced that it has completed the acquisition of the assets of PAR Logistics Management Systems (PAR LMS), a PAR Technology Corporation subsidiary. PAR LMS is a leading provider of advanced solutions for monitoring transport assets and cargo in the transportation and distribution industries.

The acquisition of the PAR LMS business will enhance ORBCOMM’s leadership position in transportation management solutions, expanding ORBCOMM’s satellite, terrestrial and dual-mode offerings, and advancing sales growth in attractive business segments.

“This acquisition represents another exciting growth opportunity for ORBCOMM,” said Marc Eisenberg, Chief Executive Officer of ORBCOMM. “The addition of PAR LMS furthers our growth strategy by enhancing our value-added services while expanding our customer base. We will be able to improve economies of scale in manufacturing and service delivery and provide our customers with some of the most advanced products in the telematics industry. We look forward to welcoming the PAR LMS employees to our team and to further growing our business.”

As previously announced, under the terms of the transaction, ORBCOMM acquired the PAR LMS business for approximately $6 million, comprised of cash and common stock, plus the potential of up to $3.95 million in additional consideration based on achieving specific sales targets.

This acquisition follows ORBCOMM’s purchase of StarTrak in May 2011, also in the transportation solutions sector and the leader in delivering solutions in cold chain management. The transaction will add to ORBCOMM’s revenue growth and is expected to be accretive to adjusted EBITDA, an important ORBCOMM operating metric, by the end of 2012. ORBCOMM expects to realize benefits and synergies from the combined businesses in service delivery, device manufacturing, and other operating costs.

About ORBCOMM Inc.

About ORBCOMM Inc.

ORBCOMM is a leading global satellite data communications company, focused on Machine-to-Machine (M2M) communications. Its customers include Caterpillar Inc., Doosan Infracore America, Hitachi Construction Machinery, Hyundai Heavy Industries, Asset Intelligence (a division of I.D. Systems, Inc.), Komatsu Ltd., Manitowoc Crane Companies, Inc., and Volvo Construction Equipment among other industry leaders. By means of a global network of low-earth orbit (LEO) satellites and accompanying ground infrastructure, ORBCOMM’s low-cost and reliable two-way data communication services track, monitor and control mobile and fixed assets in four core markets: commercial transportation; heavy equipment; industrial fixed assets; and marine/homeland security. ORBCOMM-based products are installed on trucks, containers, marine vessels, locomotives, backhoes, pipelines, oil wells, utility meters, storage tanks and other assets. Through its recently acquired StarTrak Information Technologies, LLC subsidiary, ORBCOMM is an innovator and leading provider of tracking, monitoring and control services for the refrigerated transport market. Under its ReeferTrak(R) and GenTrak(TM) brands, the company provides customers with the ability to proactively monitor, manage and remotely control their refrigerated transport assets. ORBCOMM is headquartered in Fort Lee, New Jersey and has its network control center in Dulles, Virginia. For more information, visit www.orbcomm.com .

Falcon® Electric Expands ED Series™ Rackmount UPS Product Line with Lightweight, Multi-Module Solution for Military COTS Applications

Falcon Electric, Inc. ( www.falconups.com ), announces a new three-module version of its popular 5000VA ED Series rugged uninterruptible power supplies (UPSs). Designed to protect sensitive military communications and electronic equipment in harsh environments against costly power problems, the ED Series is now available in a modular form factor that significantly improves the ability for military personnel to move and relocate the UPS. Electronic equipment is typically hand-carried through tight spaces onto and off of military vehicles, aircraft and vessels. With the new three-module configuration, lifting the UPS is now within acceptable weight limits for a “one-man” lift.

The new ED Series 5000VA rackmount UPS, model ED-4-5000RM-3/1-6-L-3, batteries and control electronics are housed in three modules that each consist of a 2U (3.5 inches high) form factor for 19” racks. Now, approximately 130 pounds of weight is distributed between the modules making service and logistics of the UPS much easier.

About Falcon Electric:

Headquartered in Irwindale, Calif., Falcon Electric, Inc. is a leading manufacturer of award-winning power protection and conversion solutions. For over 23 years, Falcon has been dedicated to offering the latest in technology, superior engineering standards, and unmatched technical support and customized solutions. Falcon manufactures power systems that meet the exacting standards of the military/aerospace, scientific/labs, industrial automation, computer, telecommunications and other industries that demand the highest product reliability to meet their critical power needs. For more information about Falcon Electric and its innovative products, visit www.FalconUPS.com.