Xenonics Updates SuperVision Launch and Third Quarter Outlook
Xenonics Holdings, Inc. Press ReleaseFlashlightNews.org - 7/09/2007
Company says it has fully resolved vendor supply issue that caused SuperVision production to fall below plan in May and early June
Xenonics' SuperVision™ Night Vision Device
CARLSBAD, Ca. - XENONICS HOLDINGS, INC. (AMEX:XNN - News), a leader in advanced illumination and low-light viewing technologies, today provided an update on the commercial launch of its patented SuperVision™ digital low-light viewing system and the outlook for the third quarter of fiscal 2007 ended June 30, 2007.
CEO Chuck Hunter said, "Response to the SuperVision launch has exceeded our expectations. We now have recruited manufacturer's representatives in all 50 states to service an Authorized Dealer network that today numbers 93 retailers, including Bass Pro Shops, Cabela's and other leading national sporting goods dealers as well as major accounts in public safety and other vertical markets. Later this month we will present SuperVision at the annual Nation's Best Sports (NBS) Show in Ft. Worth, one of the industry's most important trade shows. Our national advertising campaign in Popular Mechanics, National Rifle Association member magazines, Law and Order magazine, and other targeted publications is also stimulating interest in our proprietary digital low-light viewing system."
The CEO continued, "We have fully resolved a vendor supply issue that caused SuperVision production to fall below our plan in May and early June, and production has now ramped up to our targeted pace. While we currently expect third quarter revenue to be below our prior expectations, we anticipate significant growth beginning in the current quarter as SuperVision shipments accelerate."
About SuperVision
SuperVision is a patented hand-held, digital low-light viewing system that uses a sophisticated CCD sensor and digital signal processor to transform energy invisible to the naked eye into a sharp and clear image on an HDTV high-resolution display. SuperVision exceeds the performance of conventional night vision systems while offering the unparalleled benefit of up to 8x zoom magnification.
About Xenonics
Xenonics develops and produces advanced, lightweight and compact ultra-high intensity illumination and low-light vision products for military, law enforcement, public safety, and commercial and private sector applications. Xenonics' NightHunter line of illumination products are used by every branch of the U.S. Armed Forces as well as law enforcement and security agencies. Its SuperVision night vision device is designed for commercial and military applications. Employing patented technologies, Xenonics provides innovative solutions for customers who must see farther so they can do their jobs better and safer. Xenonics' products represent the next generation in small, high intensity, high efficiency illumination and low-light vision systems.
Visit Xenonics on the web at www.xenonics.com.
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