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Applied Signal Technology,
Inc. Enters into Technology
Licensing Agreement
with DRS Technologies,
Inc.
SUNNYVALE, California, January 9, 2007 – Applied
Signal Technology, Inc. (NASDAQ: APSG), a leading provider of advanced
signal processing solutions for intelligence, surveillance, and
reconnaissance (ISR), has entered into an exclusive technology
licensing agreement with DRS Technologies, Inc. (NYSE: DRS).
Under the terms of the agreement, DRS has global rights to manufacture,
market, and sell Applied Signal Technology’s (AST) Model
650 Rogue Signal Surveillance System with the Clearwater Operating
System. The Rogue Signal Surveillance System is a rugged, multi-function
receiver for wireless communications surveillance and monitoring.
The low size, weight, and power (SWAP) system is specifically designed
for tactical operations.
Joseph Leonelli, Vice President of AST’s Wireless Communications
Systems business, said, “We are pleased that DRS has joined
our family of strategic partners in bringing our wireless signal
surveillance technology to its full market potential.” Leonelli
continued, “ This is a strategically important relationship
that demonstrates the value of AST’s intellectual property.
We are pleased to partner with DRS, a leading defense technology
company that is committed to providing state-of-the-art surveillance
equipment and has a quality reputation in the signal intelligence
and defense communities.”
“DRS is very excited to enter into this strategic agreement
with AST,” said Alan Dietrich, president of DRS’ Intelligence
Technologies strategic business unit. “AST’s low size,
weight, and power, 3G-ready signal surveillance technology, combined
with DRS’ advanced RF product and manufacturing technology,
offers a distinct advantage over the current systems in the field
and we are excited to market and sell this innovative system to
our customers. We are looking forward to a long and successful
partnership with AST.”
About Applied Signal Technology, Inc.
Applied Signal Technology, Inc. provides
advanced digital signal processing products, systems, and services
in support of intelligence, surveillance, and reconnaissance
for global security. For further information about Applied Signal
Technology’s products and
services, visit our web site at www.appsig.com.
About DRS Technologies, Inc.
DRS Technologies, headquartered in Parsippany, New Jersey, is
a leading supplier of integrated products, services, and support
to military forces, intelligence agencies, and prime contractors
worldwide. The company employs approximately 9,500 people.
For additional information about DRS please contact:
Richard M. Goldberg
Vice President, Public Affairs
(973) 451-3584
goldberg@drs.com
Patricia M. Williamson
Vice President, Investor Relations
(973) 898-6025
p.williamson@drs.com
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