NightHunter Maker Xenonics Receives Purchase Orders for $2,179,000
Xenonics Holdings, Inc. Press ReleaseFlashlightNews.org - 10/05/2006
U.S. Marine Corp. and U.S. Army to purchase specialized lighting devices
Xenonics NightHunter
CARLSBAD, Ca. - XENONICS HOLDINGS, INC. (AMEX:XNN) announced today that the company has received two purchase orders from the Defense Logistics Agency. These orders are for 804 NightHunter systems. The purchase is for the United States Marine Corp and the dollar amount is $1,791,000. The Company in addition received a purchase order for 150 NightHunter systems for the 1st Cav HHC 4th BCT. All systems were shipped on September 29, 2006.
Revenues will be reflected in the fourth quarter which ended September 30, 2006. The 954 systems shipped reduced the company’s inventory and significantly increased the company’s cash position.
“Because of the built inventory, Xenonics was able to respond to the demands in the field. Funds to purchase products have been an issue for the military. However, as funds are becoming available, the military will have the ability to purchase necessary products. Hopefully, our fighting men and women will receive the best equipment they deserve and need,” said Alan P. Magerman, Chairman of the Board of Xenonics Holdings, Inc.
About Xenonics
Xenonics develops and produces advanced, lightweight and compact ultra high intensity illumination products for military, law enforcement, public safety, and commercial and private sector applications. Currently, NightHunters are in use by every branch of the U.S. Armed Forces as well as a wide variety of law enforcement and security agencies. Using its breakthrough patented technology, Xenonics provides innovative solutions for customers that demand the ability to see farther so that they can do their job better and safer. Xenonics' products deliver a quantum leap in performance over other illumination technologies and represent the next generation in small, high intensity, high efficiency illumination systems.
Visit Xenonics on the web at www.xenonics.com.