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Elecsys Corporation Announces Agreement With Reinke Manufacturing Company

Posted on: Tuesday, 7 July 2009, 08:15 CDT

OLATHE, Kan., July 7 /PRNewswire-FirstCall/ -- Elecsys Corporation (Nasdaq: ESYS) announced today that it has signed an Electronic Design and Manufacturing Services Agreement with Reinke Manufacturing Company, Inc. of Deshler, Nebraska, which has a reputation for manufacturing reliable, high quality equipment used in the agricultural and transportation markets.

Under terms of the Agreement, Elecsys will become Reinke's dedicated partner for manufacturing electronic devices used in Reinke's innovative irrigation systems. During the past 12 months, Reinke purchased in excess of $1 million of these electronic assemblies from several different manufacturers. This Agreement allows Reinke to consolidate the manufacturing of many of its products to one source, as new designs are introduced and its business continues to expand worldwide.

In addition, Elecsys will provide design engineering services to assist Reinke's engineering team as Reinke seeks to develop new technologies for its line of precision agriculture products that are recognized for their capability to perform under the toughest conditions.

Karl Gemperli, Elecsys president and chief executive officer, stated, "We are very pleased to announce this new relationship with Reinke and believe we will form an enduring business and technology partnership that will benefit both organizations. Our design expertise, manufacturing capabilities and customer support services seamlessly align with Reinke's strategic supplier requirements."

Gemperli continued, "We have already begun the integration of new assemblies into our production system and initiated work on several new design projects that should move into production in the near future. Adding Reinke as a business partner expands our penetration into the global agriculture market and further diversifies our customer base."

Chris Roth, Reinke president, added, "After our team met with the Elecsys engineering and manufacturing staff and toured their facility, we knew this would be an ideal fit with our long-term strategy and specific engineering and manufacturing needs. To continue to grow our business, we needed a supplier that could support our advanced engineering vision as well as our high quality production requirements."

Founded in 1954, Reinke Manufacturing Company is one of the world's oldest and largest manufacturers of center pivot and lateral move irrigation systems for use in the agriculture and processed water industries. Reinke also manufactures intermodal container chassis, over the road aluminum flatbeds and combination steel/aluminum drop deck trailers. Headquartered in Deshler, Nebraska, Reinke's products are used throughout the United States, Canada, and more than 60 other countries worldwide. For more information, visit www.reinke.com.

About Elecsys Corporation

Elecsys Corporation tailors specific technology solutions for customers wherever high quality, reliability, and innovation are essential. Elecsys provides electronic design and manufacturing services, custom liquid crystal displays ("LCDs"), and reliable custom engineered solutions that integrate wireless remote monitoring, ultra-rugged mobile computing, and radio frequency identification (RFID) technologies to numerous industries worldwide. Markets served include energy infrastructure, aerospace, transportation, logistics, agriculture, law enforcement, safety, military, medical and other critical industries. Elecsys markets and supports certain proprietary technology and products under its DCI, Radix, NTG, and MBBS brand names. For more information, visit www.elecsyscorp.com.

Safe-Harbor Statement

The discussions set forth in this press release may contain forward-looking comments based on current expectations that involve a number of risks and uncertainties. Actual results could differ materially from those projected or suggested in the forward-looking comments. The difference could be caused by a number of factors, including, but not limited to the factors and conditions that are described in Elecsys Corporation's SEC filings, including the Form 10-KSB for the year ended April 30, 2008. The reader is cautioned that Elecsys Corporation does not have a policy of updating or revising forward-looking statements and thus he or she should not assume that silence by management of Elecsys Corporation over time means that actual events are bearing out as estimated in such forward-looking statements.

Investor Relations Contact: Todd A. Daniels Elecsys Corporation (913) 647-0158, Phone (913) 647-0132, Fax investorrelations@elecsyscorp.com Media Inquiries Contact: Shelley Bartkoski Hagen and Partners (913) 642-3715 sbartkoski@hagenandpartners.com

SOURCE Elecsys Corporation

Source: PR Newswire

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