2021-07-01 - Video Display Corporation
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VDC Awarded $1M US Navy Flight Simulation Contract with Additional $1M Option

June 30, 2021

 

Video Display Corporation (OTC:VIDE), a world-class supplier of simulation solutions, display systems, displays and display components, as well as TEMPEST products and services today announced the award of a simulation contract worth approximately $1M with the US Navy for visual display systems with an additional $1M option at its Cocoa, FL facility.

The contract involves the design and installation of visuals for multiple flight simulators that include the domes, projection systems, and warping and blending solution. System delivery is expected to be completed before the end of 2021. The Navy has an option for additional visual display systems worth approximately $1M that is expected to be exercised within the next 6 months.

In addition to dome simulators, VDC also designs and installs multifaceted display visuals for flight simulators, having recently just completed an installation of a multifaceted simulator in Europe with another installation in Europe scheduled for July 2021.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, from time to time, Video Display Corporation or its representatives have made or may make forward-looking statements, orally or in writing. Such forward-looking statements may be included in, but are not limited to, various filings made by the Company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the Company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions, including items discussed in the Company’s Form 10-K for the year ended February 28, 2021, filed with the Securities and Exchange Commission. The Company undertakes no duty to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Video Display Corporation, Atlanta

Ronald D. Ordway, 770-938-2080