VDC Awarded $900k Contract for Ruggedized Thin Client Display (TCD) for US Navy

Video Display Corporation (OTC:VIDE), a world-class supplier of rugged display products and systems,simulation solutions, displays and display components, as well as TEMPEST products and servicestoday announced the award of a contract with a Major Prime Contractor worth approximately $900k to develop, qualify, and deliver production Ruggedized Thin Client Displays (TCD’s) for use by the US Navy.

The contract involves the design and environmental qualification of TCD’s for use on new US Navy and FMS ships. Development and qualification is scheduled to be completed by end of calendar year with delivery of the first 75 production units in first quarter of 2023. Follow on production contracts are expected in 2023 for approximately $1.5M to $2.0M. “This represents over a year of effort and is a significant achievement in our initiative to get back into the ruggedized display business.” stated Ron Ordway, CEO of Video Display Corp. “We anticipate several other positive contract announcements over the next few months.”

The ruggedized industrial and military displays are also complemented by other rugged electronics such as computers, servers, keyboards, trackballs and mice. VDC can customize products or design and build from scratch for special needs and applications to the industrial and military standards for shock, vibration, EMI, altitude, and others. All products are built and controlled under VDC’s certified ISO 9001:2015 Quality Control System in VDC’s corporate owned facility located in Cocoa, Florida.

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, 2022, 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