Dewey Electronics Receives $2.3 Million Delivery Order for 2kW Military Tactical Generators
OAKLAND, N.J., May 23, 2011 /PRNewswire/ -- The Dewey Electronics Corporation (OTCBB: DEWY), announced today the recent receipt of a delivery order for its 2kW diesel operated Military Tactical Generators (MTG) in the amount of $2.3 million.
This order was made under the 10 year indefinite-delivery/indefinite quantity contract awarded in September 2001 by the U.S. Army's Communications Electronics Command (CECOM), Ft. Monmouth, NJ. The delivery order is for both the AC and DC versions of the 2kW diesel operated MTG generator with shipments scheduled to begin in August of 2011 and to continue through February of 2012.
The 2kW diesel operated MTG is used throughout the Department of Defense (DoD) with over 15,000 fielded by Dewey since 1996.
John Dewey, President and CEO of Dewey Electronics, said, "This order is evidence that the DoD's demand for our reliable and small diesel generators remains strong. We look forward to continuing to supply our 2kW diesel operated MTG generators to CECOM through this delivery order, and after our prime contract ends this summer."
About The Dewey Electronics Corporation
The Dewey Electronic Corporation, founded in 1955, is a systems oriented military electromechanical development, design and manufacturing organization with a focus on compact diesel power generation solutions. The company is a small business and is located in Oakland, NJ. 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.
KCSA |
Garth Russell |
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(212) 896-1250 |
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SOURCE Dewey Electronics Corporation
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