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For Immediate Release |
Contact: Shawn M. Harrington |
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April 9, 2003 |
(860) 644-1551 |
GERBER SCIENTIFIC INC.’S SIGN MAKING AND SPECIALTY GRAPHICS SUBSIDIARY INTRODUCES BREAKTHROUGH NORTHSTAR™ L.E.D. TECHNOLOGY
Gerber Scientific Products Enters into Long-Term Strategic
Alliance with Teledyne for
Product Development and Worldwide Distribution of New High-Efficiency, Long-Life
Indoor/Outdoor Lighting Solution
Company Launches Several New Product and Software Innovations at International Sign Expo
SOUTH WINDSOR, CT -- Gerber Scientific, Inc.’s (NYSE: GRB) sign making and specialty graphics subsidiary, Gerber Scientific Products (GSP), in collaboration with Teledyne Lighting and Display Products, a division of Teledyne Technologies Incorporated (NYSE: TDY), unveiled its newest innovation, The Gerber NorthStar™ High Efficiency Lighting System, at the International Sign Expo at The Mandalay Bay Hotel and Convention Center in Las Vegas, Nevada.
The Gerber NorthStar System is designed to provide sign shops and their customers with a reliable, rugged, energy-efficient, and safe indoor/outdoor alternative to neon. GSP has entered into a long-term global strategic alliance with Teledyne for product development and worldwide distribution. This represents Gerber’s first entry into electrical signage.
Elaine A. Pullen, president of GSP, said, "Our alliance brings together Teledyne’s leading-edge L.E.D. technology with GSP’s established distribution network, creating a revolutionary new system for sign manufacturers and their customers."
Marc Giles, president and chief executive officer of Gerber Scientific, Inc., added, "Gerber Scientific has built its reputation by challenging the convention of existing technologies and methodologies to produce new and cost-effective solutions for its customers. Innovations such as the Gerber NorthStar Lighting System and the many other ‘first-of-its-kind’ products introduced at the Sign Expo continue to underscore the company’s mission and philosophy."
Gerber NorthStar is a flexible, high-efficiency channel letter illumination system utilizing revolutionary light emitting diode (L.E.D.) technology. Developed in conjunction with Teledyne, NorthStar exceeds current industry performance standards. NorthStar incorporates Teledyne’s proprietary design that provides optimum letter brightness and longevity. In addition to its outstanding user-specific attributes, Gerber NorthStar offers important advantages to sign shop customers, including:
Gerber NorthStar will be available in May 2003 in red, amber, blue and green.
GSP also introduced several new product and software innovations at The International Sign Expo, including:
About Teledyne, Inc.
Teledyne Technologies Incorporated is a leading provider of sophisticated electronic components, instruments and communications products, systems engineering solutions, aerospace engines and components and on-site gas and power generation systems. Teledyne Technologies has operations in the United States, the United Kingdom and Mexico. More information about Teledyne Technologies may be found on the Company's Web site at www.teledyne.com.
About Gerber Scientific, Inc.
Gerber Scientific is the world's leading supplier of sophisticated automated manufacturing systems for sign making and specialty graphics, apparel and flexible goods, and optical lens processing. Headquartered in South Windsor, Connecticut, the company operates through four wholly owned subsidiaries: Gerber Scientific Products and Spandex PLC, Gerber Technology, and Gerber Coburn.
Safe Harbor Statement:
In addition to the historical information contained herein, there are matters discussed that are considered to be "forward-looking statements." The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. These forward-looking statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental, and technological factors affecting the company’s operations, markets, products, and services, that could significantly affect results in the future. For a discussion of other risk factors relating to the company’s business, see the Company’s Quarterly Reports on Form 10-Q for the quarters ended July 31, 2002, October 31, 2002 and January 31, 2003 and its Annual Report on Form 10-K for the year ended April 30, 2002, as filed with the Securities and Exchange Commission. The forward-looking statements contained in this release are made as of the date of this release, and the company assumes no obligation to update or revise any forward-looking statements contained in this release.