U.S. Navy Selects LeCroy Corporation to Supply Digital Oscilloscopes

April 14, 2010

CHESTNUT RIDGE, N.Y., April 14 /PRNewswire-FirstCall/ — LeCroy Corporation (Nasdaq: LCRY), a leading supplier of oscilloscopes and serial data test solutions, today announced that it has received a contract award from the U.S. Navy to supply digital oscilloscopes to the U.S. Navy’s Supply Systems Command. The contract has a Best Estimated Quantity (BEQ) of up to 200 WaveRunner oscilloscopes per year for five years. LeCroy’s WaveRunner 64Xi-A-N oscilloscopes passed stringent technical requirements as part of a competitive bid to qualify for U.S. Navy acceptance.

“The versatility of the WaveRunner 64Xi-A-N and its advanced waveshape analysis capabilities enabled us to win this important contract,” said LeCroy President and Chief Executive Officer Tom Reslewic. “The WaveRunner covers a broad range of applications, making it ideal for use for the U.S. Navy. The WaveRunner also has a highly intuitive interface, which makes it an easy-to-learn product and significantly reduces the time needed to get up to speed on the equipment. The Navy plans to use the WaveRunner to support in-field Naval applications, such as radar, communications and navigation, as well as for the calibration and repair of electronic equipment.”

The LeCroy WaveRunner 64Xi-A-N is the most powerful and capable scope available in its class and provides the greatest value for everyday characterization, validation and debugging advanced problems. The software architecture improvements also incorporate key elements of the X-Stream II architecture, which permit preview and abort capability, allowing the customer to have instant control of the oscilloscope without any delay.

About LeCroy

LeCroy Corporation is a worldwide leader in serial data test solutions, creating advanced instruments that drive product innovation by quickly measuring, analyzing, and verifying complex electronic signals. The Company offers high-performance oscilloscopes, serial data analyzers, and global communications protocol test solutions used by design engineers in the computer and semiconductor, data storage device, automotive and industrial, and military and aerospace markets. LeCroy’s 45-year heritage of technical innovation is the foundation for its recognized leadership in “WaveShape Analysis”–capturing, viewing, and measuring the high-speed signals that drive today’s information and communications technologies. LeCroy is headquartered in Chestnut Ridge, New York. Company information is available at http://www.lecroy.com.

Safe Harbor

This release contains forward-looking statements, including those pertaining to the contract award from the U.S. Navy to supply digital oscilloscopes to the U.S. Navy’s Supply Systems Command, the WaveRunner 64Xi-A-N series of digital oscilloscopes and its capabilities, characteristics, capacities, technology, design, performance, effectiveness and usefulness, the size of the market for such oscilloscopes, the likely cost range and whether that is competitively priced, and the effectiveness of third-party distribution channels. There can be no assurance that actual results will not materially differ from expectations. Actual performance and results of operations may differ materially from those projected or suggested in the forward-looking statements due to certain risks and uncertainties including, without limitation, volume and timing of orders received, changes in the mix of products sold, competitive pricing pressure, the Company’s ability to anticipate changes in the market, the availability and timing of funding for the Company’s current products, the development of future products and the Company’s ability to use intellectual property and protect its patent portfolio. LeCroy undertakes no obligation to publicly update forward-looking statements, whether because of new information, future events or otherwise. Further information on potential factors that could affect LeCroy Corporation’s business is described in the Company’s reports on file with the SEC.

    Sean O'Connor
    Chief Financial Officer
    LeCroy Corporation
    Tel: 845-425-2000

SOURCE LeCroy Corporation

Source: newswire

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