STERLING, VA -- (Marketwire) -- 04/30/12 -- Sutron Corporation (NASDAQ: STRN), a global leader in hydrological, meteorological, and oceanic monitoring products, systems, software and services, announced today that they have signed two major contracts.
The first is a contract with the Sultanate of Oman, represented by the Ministry of Transport and Communication, to "Supply, Install, Train, and Commission Seven (7) Coastal Sea Level Gauges at Major Ports as Part of the NMHEWS Network." The National Multi-Hazard Early Warning System (NMHEWS) was established by UNESCO after the tragic 2004 Indian Ocean tsunami under the aegis of the Intergovernmental Oceanographic Commission (IOC), in cooperation with the Pacific Tsunami Warning Centre (PTWC) in Hawaii and the Japan Meteorological Agency (JMA) in Tokyo.
The seven Sea Level Gauges will be located along Oman's coastline on the Oman Sea and the Arabian Sea. These multi-purpose stations will comply with requirements of the Global Sea Level Observing System (GLOSS), delivering real-time data via METEOSAT (transmitting every 15 minutes) and backed up with Iridium Satellite telemetry. Data transmissions will also be provided via dial-up, BGAN (Broadband Global Area Network), and GPRS.
Data will be exchanged through the Global Telecommunications System (GTS), the crucial data collection pathway for international earth data observation networks. A division of the World Meteorological Organization (WMO), GTS supports fast, reliable data exchange for worldwide warning centers and watch providers that is essential for responding to multi-hazard events. The Central Data Collection Station for the Sea Level Gauges in Oman will be located at DGMAN (Directorate General of Meteorology and Air Navigation of Oman) headquarters at Muscat Airport.
Dr. Raul McQuivey, Chairman and CEO of Sutron, stated: "We were honored to have been selected to perform this critical project for the Sultanate of Oman. As the world's leading supplier of oceanic monitoring stations for tides, weather, tsunami and the majority of coastal-oceanic-meteorological data parameters, Sutron is uniquely positioned to provide the necessary services and support."
Sutron also signed a sub-contract with Chemonics International Inc. for the Haiti Watershed Initiative for National Natural Environmental Resources (WINNER) Project, USAID Contract No. EPP-1-04-04-00020-00, Task Order No. 4. This project involves design, supply, installation, testing, and training for a Flood Warning System (FWS) in the Cul-de-Sac corridor, which includes the Riviere Grise and the Riviere Blanche.
Sutron will supply and install a real-time Data Collection System employing both primary and safety back-up modes of communication employing digital cellular and Iridium Satellite communications. The system will include an ALERT Siren System to warn inhabitants of impending floods when the collected data parameters trigger alarm levels. Sutron will also provide the Central Base Station to receive the cellular and Iridium data transmissions and PC work stations (with an uninterruptible power supply system). At the culmination of equipment installation, a detailed Sutron training program for authorized Haiti Watershed and Flood Warning staff will be conducted.
"The Haiti Watershed Initiative is another example of significant projects around the globe in which Sutron provides its technical expertise to help protect people and property from the ravages of destructive natural phenomena," Dr. McQuivey stated.
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 Act of 1995. Forward-looking statements include without limitation any statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "should" and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our filings with the SEC, including the disclosure under the heading "Business" and "Management's Discussion and Analysis" in the Company's Annual Report on Form 10-K filed on March 31, 2009. We are under no obligation to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
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