NewsroomMay 31, 2006DENVER, CO--- Allied Motion Receives $1.1 Million Commitment from Raytheon for Missile ApplicationMay 31, 2006 9:30 AM DENVER--(BUSINESS WIRE)--May 31, 2006--Allied Motion Technologies Inc. (Nasdaq:AMOT) today announced it has received a commitment from Raytheon Missile Systems, a business of Raytheon Company (NYSE:RTN), to purchase gimbal servo modules from Allied's wholly owned subsidiary, Computer Optical Products, Inc. The total value of the commitment is $1,092,000. Allied will supply high precision, high resolution brushless DC motors and optical encoders for use in Joint Standoff Weapon (JSOW) missile systems. The motor and encoder are key components used in the Imaging Infrared (IIR) autonomous terminal seeker and tracker system of the missile. JSOW is a joint Navy and Air Force program. It is a family of low-cost, highly survivable, air-to-ground weapons employing an integrated Global Positioning System/Inertial Navigation system that guides the weapon to the target. After the weapon arrives in the target area, it utilizes the IIR seeker for autonomous guidance in the terminal phase of the flight to attack with precision accuracy. Allied and Raytheon have until September 5, 2006, to finalize the terms of the definitive purchase order. Shipments for this initial order are scheduled to occur over a 14-month period beginning in September 2006 with the potential for additional follow-on orders through 2011. "Being selected by Raytheon and the tremendous support they have provided us to ensure we meet the demanding requirements as a partner in this application is very rewarding and we appreciate the trust Raytheon has placed in our capabilities," commented Dick Warzala, President and COO of Allied Motion Technologies. "The performance required of our products in the JSOW application demanded ruggedness and reliability. Our high performance products and engineering skills made the difference in successfully meeting the needs of this application." Headquartered in Denver, Colorado, Allied Motion designs, manufactures and sells motion control products into applications that serve many industry sectors. Allied Motion is a leading supplier of precision and specialty motion control components and systems to a broad spectrum of customers throughout the world. The statements in this press release that relate to future plans, events or performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statements that may predict, forecast, indicate, or imply future results, performance, or achievements. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results of the Company to differ materially from the forward-looking statements. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements as a prediction of actual results. The Company has no obligation or intent to release publicly any revisions to any forward-looking statements, whether as a result of new information, future events, or otherwise. CONTACT:
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