| News Releases | Earnings Releases |
[an error occurred while processing this directive]
Gerber
Scientific Inc.'s
Sign Making and Specialty Graphics Subsidiary Introduces Breakthrough
NorthStar™ L.E.D. Technology
Gerber Scientific
Products Enters Into Long-Term Strategic Alliance with
Teledyne for Product Development and Worldwide Distribution of New
High-Efficiency, Long-Life Indoor/Outdoor Lighting Solution
Company Launches Several New Product and Software Innovations at International Sign Expo
CONTACT:
Shawn M. Harrington
Gerber Scientific, Inc.,
(860) 644-1551
SOUTH WINDSOR, Connecticut -- April 9, 2003 -- Gerber Scientific, Inc.'s (NYSE: GRB) sign making and specialty graphics subsidiary, Gerber Scientific Products (GSP), in collaboration with Teledyne Lighting and Display Products, a division of Teledyne Technologies Incorporated (NYSE: TDY), unveiled its newest innovation, The Gerber NorthStar™ High Efficiency Lighting System, at the International Sign Expo at The Mandalay Bay Hotel and Convention Center in Las Vegas, Nevada.
The Gerber NorthStar System is designed to provide sign shops and their customers with a reliable, rugged, energy-efficient, and safe indoor/outdoor alternative to neon. GSP has entered into a long-term global strategic alliance with Teledyne for product development and worldwide distribution. This represents Gerber's first entry into electrical signage.
Elaine A. Pullen, president of GSP, said, "Our alliance brings together Teledyne's leading-edge L.E.D. technology with GSP's established distribution network, creating a revolutionary new system for sign manufacturers and their customers."
Marc Giles, president and chief executive officer of Gerber Scientific, Inc., added, "Gerber Scientific has built its reputation by challenging the convention of existing technologies and methodologies to produce new and cost-effective solutions for its customers. Innovations such as the Gerber NorthStar Lighting System and the many other 'first-of-its-kind' products introduced at the Sign Expo continue to underscore the company's mission and philosophy."
Gerber NorthStar is a flexible, high-efficiency channel letter illumination system utilizing revolutionary light emitting diode (L.E.D.) technology. Developed in conjunction with Teledyne, NorthStar exceeds current industry performance standards. NorthStar incorporates Teledyne's proprietary design that provides optimum letter brightness and longevity. In addition to its outstanding user-specific attributes, Gerber NorthStar offers important advantages to sign shop customers, including:
- Up to 80 percent reduction in operating costs
- Lower maintenance costs
- Wider operating temperature range
- High reliability
- Improved safety
- Reduced electric shock potential
- Enhanced durability (no neon glass breakage)
Gerber NorthStar will be available in May 2003 in red, amber, blue and green.
GSP also introduced several new product and software innovations at The International Sign Expo, including:
- GerberGauge™ Foil, a first-of-its-kind measurement system for thermal transfer color foils, designed to indicate current levels of remaining foil inside the color cartridge
- OMEGA™ 2.0 next-generation sign design and production software offering enhanced functionality and output, while improving overall shop efficiency
- Gerber StrikeGuard™ Overlaminate film for use in graphic applications requiring protection from extreme impact such as safety helmets, heavy equipment and off-road vehicles
- InstaChange™ Reflective Film, a Gerber first in outdoor signage, allows for 24-hour promotional capabilities with wide-angle reflectivity, and an easy-to-remove adhesive
- New GerberColor™ medal series foils, the industry's first printable red, blue and platinum medal foils for premium graphics with high-impact finish for point-of-purchase graphics, decals, labels and interior and short-term, exterior signage applications
About Teledyne Technologies Incorporated
Teledyne Technologies Incorporated is a leading provider of sophisticated electronic components, instruments and communications products, systems engineering solutions, aerospace engines and components and on-site gas and power generation systems. Teledyne Technologies has operations in the United States, the United Kingdom and Mexico. More information about Teledyne Technologies may be found on the Company's Web site at www.teledyne.com.
About Gerber Scientific, Inc.
Gerber Scientific (www.gerberscientific.com) is the world's leading supplier of sophisticated automated manufacturing systems for sign making and specialty graphics, apparel and flexible goods, and optical lens processing. Headquartered in South Windsor, Connecticut, the company operates through four wholly owned subsidiaries: Gerber Scientific Products and Spandex PLC, Gerber Technology, and Gerber Coburn.
Safe Harbor Statement:
In addition to the historical information contained herein, there are matters discussed that are considered to be "forward-looking statements." The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. These forward-looking statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental, and technological factors affecting the company's operations, markets, products, and services, that could significantly affect results in the future. For a discussion of other risk factors relating to the company's business, see the Company's Quarterly Reports on Form 10-Q for the quarters ended July 31, 2002, October 31, 2002 and January 31, 2003 and its Annual Report on Form 10-K for the year ended April 30, 2002, as filed with the Securities and Exchange Commission. The forward-looking statements contained in this release are made as of the date of this release, and the company assumes no obligation to update or revise any forward-looking statements contained in this release.
###