Xenonics Holdings has received a $1.4 million purchase order for the company's NightHunter 3 illumination systems from the U.S. Army to equip a National Guard brigade. This order is scheduled to ship immediately. Including this order, since January 2009 Xenonics has announced purchase orders for its NightHunter and SuperVision products totaling $4.7 million.
"The Pennsylvania National Guard brigade is one of a number of Army units that have recently submitted Operational Need Statements requesting funding for purchases of our new, state-of-the-art NightHunter 3.
These Operational Need Statements currently total more than $10 million. This is the first of several significant NightHunter 3 purchase orders we expect to receive in the months to come as these formal funding requests work their way through the procurement process. We continue to expect Xenonics to be profitable for fiscal 2009 on substantially higher revenue than fiscal 2008," said Chairman Alan Magerman.
Magerman also announced that Xenonics has submitted a statement to NYSE Alternext US detailing its plan to regain compliance with Section 1003(a)(ii) of the Company Guide. "Under our plan, we expect Xenonics to be in compliance with the Exchange's net worth requirement later this fiscal year," he said.
About NightHunter 3
NightHunter 3 is half the size and weight of Xenonics' popular NightHunter II system and can illuminate targets at a greater distance. This versatile hand-held or weapons-mountable illumination system features integrated IR capability, and is compatible with any power source.
About Xenonics
Xenonics Holdings, Inc. 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 is used by every branch of the U.S. Armed Forces as well as law enforcement and security agencies. Its SuperVision highdefinition night vision 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.