Winland Electronics Receives One-Year Supply Agreement for Innovative Security Product
MANKATO, Minn., Jan. 30 -- Winland Electronics, Inc. (AMEX:WEX) announced today that the Company has signed a one-year supply agreement to manufacture an innovative security product for law enforcement applications. Winland has shipped $140,000 in product to the customer during the fourth calendar quarter of 2006, and has an additional $350,000 scheduled to ship during the first calendar quarter of 2007. The agreement has potential over the first year in excess of $1 million dependant on the customer's sales to municipalities and law enforcement organizations.
The product is used by law enforcement officials to obtain real time information, in the field, allowing for rapid identification. The product is wireless, allowing for law enforcement to verify identity against various databases to identify threats.
Dale Nordquist, Winland's Senior Vice President, Sales and Marketing, stated, "Winland will be manufacturing the entire product, an opportunity we call a 'box build,' rather than just components, and further demonstrates Winland's emerging expertise in electro-optical mechanical assembly and alignment. Already, the initial shipment to this customer was extremely well received, with the customer commenting that Winland's efforts represented one of the 'easiest new product introductions by a supplier' for them. We believe there are additional opportunities for work with this customer, and we look forward to additional opportunities in the biometric and law enforcement market."
About Winland Electronics
Winland Electronics is an electronic manufacturing services (EMS) company, providing product development and manufacturing expertise and innovation for more than 20 years. Winland also markets proprietary products for the security/industrial marketplace. Winland's product development offering includes program management, analog circuit design, digital circuit design, printed circuit board design and embedded software design. Winland differentiates itself from the contract manufacturer competition with its integrated product development and manufacturing services to offer end-to-end product launch capability, including design for manufacturability, design for testability, transition to manufacturing and order fulfillment. Winland's core competency is delivering time-to-market through superior program management, experience, integrated development processes, and cross-functional teams. Winland Electronics is based in Mankato, MN.
CONTACT:
Cameron Donahue
Hayden Communications
651-653-1854
Source: Winland Electronics, Inc.
CONTACT: Cameron Donahue of Hayden Communications, +1-651-653-1854, for Winland Electronics, Inc.
Web site: http://www.winland.com/
