Telephonics Corporation opens new office in Hong Kong
1/6/2010 - Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE:GFF), announced today the opening of a new office in Hong Kong to expand its presence in China and address the increasing Air Traffic Management requirements in the region.
Telephonics has been active in the Asian aviation market since 1985 when it was awarded its first contract for an Air Traffic Control system at the Guangzhou International Airport. In 1995, Telephonics began installation of its first AeroTrac® ATM system in China. Since that time, Telephonics has installed over 20 additional AeroTrac systems throughout the Southeast region of China.
Donald Pastor, President of the Electronic Systems Division of Telephonics, said, “We believe that opening an office in Hong Kong is the key to enhancing our presence in Asia. This new facility will allow Telephonics to address the Hong Kong International Airport requirements and better serve other customers throughout China’s Southeast region”.
Telephonics’ Electronic Systems Division (ESD) is a world leader in both the Defense and Civil Air Traffic Control markets for advanced automation systems and secondary surveillance radars. ESD also specializes in Integrated Security Systems and Products for the Homeland Security and Anti-Terrorism Force Protection market. ESD is recognized for its superior technology and ability to rapidly integrate sophisticated system solutions by incorporating state-of-the-art hardware and software designs.
Telephonics' high-technology engineering and manufacturing capabilities provide integrated information, communication and sensor system solutions to military and commercial markets worldwide. Telephonics specializes in aircraft intercommunication systems, wireless communication systems, radars, identification friend or foe products, integrated security systems, air traffic management systems, aerospace electronics, and the performance of threat and radar system analyses.
About Griffon Corporation
Griffon Corporation (the “Company” or “Griffon”), headquartered in New York, N.Y., is a diversified management and holding company that conducts business through wholly-owned subsidiaries. The Company oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. The Company provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as in connection with divestitures. Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital to further diversify itself.
Forward-Looking Statements“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Certain statements other than statements of historical fact included in this release are forward-looking statements. Such forward-looking statements are based on the beliefs of the company’s management, as well as assumptions made by and information currently available to the company’s management. Actual results could differ materially from those contemplated by the forward-looking statements. Information concerning risks and uncertainties that may impact the company’s results and forward-looking statements are set forth in Griffon Corporation’s filings with the SEC. The company does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.
|Carrie Petrocca 631-755-7785|