Published 07-29-2009 CARLSBAD, CALIFORNIA -- July 29, 2009 -- XENONICS HOLDINGS, INC. (AMEX:XNN) announced today that it has entered into an exclusive U.S. distribution agreement with Aardvark Tactical, Inc. (ATI), Azusa, California, for Xenonics' NightHunter high-intensity illumination systems and its SuperVision high-definition night vision devices.
"Aardvark has long been Xenonics' most significant customer. Since 2004, $11 million of our NightHunter illumination devices have been included in ATI's non-lethal force protection kits for the U.S. military. This exclusive U.S. distribution agreement will allow us to leverage Aardvark's proven sales and marketing and distribution capabilities across the full range of Xenonics products, now and in the future. We believe this agreement marks the beginning of a significant expansion of our business with ATI," said Alan Magerman, CEO of Xenonics.
Jon Becker, CEO of Aardvark Tactical, said, "We are excited to be exclusive U.S. distributor of Xenonics' state-of-the-art illumination and night vision products, which we plan to integrate in a number of large military and other procurement programs we currently are developing. Our sales force is intimately familiar with the products and understands what they can do for our customers, and our team is already working to convert its enthusiasm into sales."
About Aardvark Tactical, Inc.
Founded in 1987, Aardvark Tactical, Inc. is one of the largest suppliers of nonlethal weapons, riot control, force protection, and tactical equipment in the United States. ATI's core business runs the gamut from simple distribution of products for police officers to complicated military system integration projects going to dozens of destinations. In its 17 year history, ATI has provided equipment and/or training to literally thousands of military and civilian law enforcement units all over the world and has participated on some level in all of the significant military and police operations in recent history.
About Xenonics
Xenonics Holdings, Inc. (AMEX:XNN) 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 high-definition 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.
Forward Looking Statements
Except for the historical statements, statements in this release may constitute forward looking statements within the meaning of section 21E of the Securities Exchange Act of 1934. When used, the words "anticipates," "believes," "expects," "intends," "future," and other similar expressions identify forward looking statements. These forward looking statements reflect management's current views with respect to future events and financial performance and are subject to risks and uncertainties, and actual results may differ materially from the outcomes contained in any forward looking statement. Factors that could cause these forward looking statements to differ from actual results include delays in development, marketing or sales of new products, and other risks and uncertainties discussed in the company's periodic reports on Form 10 K and 10 Q and other filings with the Securities and Exchange Commission. Xenonics Holdings undertakes no obligation to update or revise any forward looking statements.
|
|
Stock Quote
Request Investor Kit
Corporate Governance
Shareholder Reports
Analyst Coverage
