O.I. Corporation Receives $3.2 Million Order for Air-Monitoring Equipment
Posted on: Wednesday, 17 May 2006, 18:07 CDT
O.I. Corporation (NASDAQ:OICO) announced today that its wholly owned subsidiary, CMS Field Products, has received an order amounting to $3.2 million from the U.S. Army for multiple units of its MINICAMS(R) continuous air-monitoring system. The MINICAMS(R) will be used to support chemical-defense testing at a U.S. Army chemical-defense testing site. The equipment will be delivered in multiple shipments, with the final shipment scheduled to be delivered no later than March 31, 2007.
William W. Botts, President, said:
"We are pleased that our MINICAMS(R) product was selected for use by the U.S. Army to support testing programs conducted under its chemical-defense mission. We believe this order reaffirms that the MINICAMS(R) product is a trusted product for air-monitoring applications. The MINICAMS(R) product has become a preferred choice for customers seeking to solve applications requiring sensitive and selective capabilities to monitor airborne volatile compounds, especially chemical warfare agents."
MINICAMS(R) is a registered trademark of O.I. Corporation/CMS Field Products.
O.I. Corporation, dba O.I. Analytical, provides innovative products used for chemical analysis. The Company develops, manufactures, sells, and services analytical instrumentation that detects, measures, analyzes, and monitors chemicals in liquids, solids, and gases. The Company also provides products used to digest, extract, and separate components of chemical mixtures. The Company provides application-specific solutions for the environmental, defense, pharmaceutical, food, beverage, petrochemical, chemical, semiconductor, power generation, and HVAC industries. Headquartered in College Station, the Company's products are sold worldwide by direct sales, independent sales representatives, and distributors.
Statements in this release that are not strictly historical that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements within the meaning of the U.S. securities laws. These statements are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of risks and uncertainties, as set forth in the Company's SEC filings. Investors are cautioned that any such statements are not guarantees of future performance and that actual results of developments may differ materially from those projected in the forward-looking statements.
Source: Business Wire
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