Telephonics Corporation awarded $33M IDIQ contract for its TruLink® Wireless Intercommunication System

FARMINGDALE, N.Y.--(BUSINESS WIRE)-- Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE:GFF), announced today that the U.S. Army Aviation and Missile Life Cycle Command (AMCOM) in Huntsville, AL has awarded a five (5) year, indefinite delivery/indefinite quantity contract for its TruLink^® Wireless Intercommunication System with a value of $33M. This contract is for full-rate production of the Encrypted Aircraft Wireless Intercom System (EAWIS) for Product Manager Air Warrior in the U.S. Army.

With TruLink, operational safety is enhanced by removing cumbersome communication cables that tether crew members to a platform. Mission effectiveness is enhanced through full-duplex communications and noise reduction to maximize intelligibility in the high noise helicopter aviation environment. NSA certified Type 1 security maximizes information assurance and enhances soldier safety by precluding communications interception.

“I am extremely proud to have the Telephonics’ TruLink secure wireless intercommunication solution approved for full-rate production under this multi-year award as it enhances the ability of our Nation’s Army Aviators for safe and secure execution in their mission, which is so critical to our National Security at home and abroad,” said Joseph Battaglia, President and CEO of Telephonics Corporation.

About Telephonics

Telephonics' high-technology engineering and manufacturing capabilities provide integrated information, communication and sensor system solutions to military and commercial markets worldwide. Telephonics specializes in aircraft intercommunication systems, wireless communication systems, radars, identification friend or foe products, integrated security systems, air traffic management systems, aerospace electronics, and the performance of threat and radar system analyses.

About Griffon Corporation

Griffon Corporation (the “Company” or “Griffon”), headquartered in New York, N.Y., is a diversified management and holding company that conducts business through wholly-owned subsidiaries. The Company oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. The Company provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as in connection with divestitures. Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital to further diversify itself.

Forward-Looking Statements

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Certain statements other than statements of historical fact included in this release are forward-looking statements. Such forward-looking statements are based on the beliefs of the company’s management, as well as assumptions made by and information currently available to the company’s management. Actual results could differ materially from those contemplated by the forward-looking statements. Information concerning risks and uncertainties that may impact the company’s results and forward-looking statements are set forth in Griffon Corporation’s filings with the SEC. The company does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.

Investors:
ICR, Inc.
Anthony Gerstein, 646-277-1242
anthony.gerstein@icrinc.com
or
Telephonics Corp.
Carrie Petrocca-Aronson, 631-755-7583
petrocca@telephonics.com

Source: Telephonics Corporation

Released January 10, 2013