OLD BRIDGE, NJ / ACCESSWIRE / April 1, 2014 / Blonder Tongue Laboratories, Inc. (NYSE MKT: BDR) announced today that on March 28, 2014, the Company received a blanket purchase order from a large national retail electronics chain for over $4,500,000 of the Company's products, which will be used to upgrade more than 1000 stores around the country. During 2013, the Company was asked to propose a video distribution solution for this customer. Following months of discussion, the Company devised and proposed a solution that addresses both current and future requirements. Our customer has chosen a combination of Blonder Tongue products that will enable them to deliver real time live broadcast television for the big game or breaking news of the day, as well as customized content for vendor showrooms in the stores.
The Company entered into a master supply contract with this customer, in anticipation of receipt of purchase orders. In accordance with the master contract and the subsequent blanket purchase order, the resulting $4,500,000 sales are expected to occur during the second and third quarters, assuming the project remains on schedule and is fully implemented as planned.
"We are proud to offer the next generation retail video system, providing our customer with a flexible platform for its stores and the shopper with the best possible retail experience", commented Chairman and Chief Executive Officer James A. Luksch. "The two key products being supplied include our newest AQT8 transcoder and our popular HDE-CHV encoder. Both products offer the future proof option to simultaneously deliver QAM signals to digital TV sets, while also delivering IP video to computer networks. The AQT8 will debut at the National Association of Broadcasters show (Las Vegas, April 7-10) where both products and features will be demonstrated live."
About Blonder Tongue
Blonder Tongue Laboratories, Inc. together with R. L. Drake Holdings, LLC - its wholly owned subsidiary - offer customers more than 130 years of combined engineering and manufacturing excellence with solid histories of delivering reliable, quality products. As a leader in the field of cable television communications, the Company provides system operators and integrators serving the cable, broadcast, satellite, IPTV, institutional and professional video markets with comprehensive solutions for the provision of content contribution, distribution and video delivery to homes and businesses. The Company designs, manufactures, sells and supports an equipment portfolio of standard and high definition digital video solutions, as well as core analog video and high speed data solutions for distribution over coax, fiber and IP networks. Additional information on the Company and its products can be found at www.blondertongue.com, and www.rldrake.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The information set forth above includes "forward-looking" statements and accordingly, the cautionary statements contained in Blonder Tongue’s Annual Report and Form 10-K for the year ended December 31, 2013 (See Item 1: Business, Item 1A: Risk Factors, Item 3: Legal Proceedings and Item 7: Management’s Discussion and Analysis of Financial Condition and Results of Operations), and other filings with the Securities and Exchange Commission are incorporated herein by reference. The words "believe", "expect", "anticipate", "project", "target", "intend", "plan", "seek", "estimate", "endeavor", "should", "could", "may" and similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to projections for our future financial performance, our anticipated growth trends in our business and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. Blonder Tongue undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Blonder Tongue’s actual results may differ from the anticipated results or other expectations expressed in Blonder Tongue's "forward-looking" statements.
Vice President of Sales
James A. Luksch
Chief Executive Officer
Tel: (732) 679-4000
SOURCE: Blonder Tongue Laboratories, Inc.
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