TelePad Subsidiary Awarded Additional Contract
30 June 1998
TelePad Subsidiary Awarded Additional Contract From Henrico County, Va. Police Department; Completing Burlington, N.J. Police Department Installations
HERNDON, Va.--June 30, 1998--L&E Mobile Supplying Police Vehicle Communications Equipment
TelePad Corp. Tuesday announced that its wholly-owned subsidiary L&E Mobile Computer Mounts Inc. (L&E), a leader in the manufacture of mounting equipment and turn-key integration of communication systems and computers into vehicles, was awarded a contract earlier this month to supply the Henrico County, Va. Police Department with 58 mobile communications units.
The new L&E contract is valued at more than $450,000 and is an addition to a previous contract from Henrico awarded last December. The combined value of the total of 299 units awarded by Henrico is $2.4 million.
Each unit includes a mobile computer, docking station, vehicle mount equipment, voltage armor and installation services. The installation of the first 241 units was completed in the first quarter ended March 31, 1998 and the remaining 58 units are scheduled for installation over a two-week period beginning July 6, 1998.
The company also reported that L&E is completing the installation of 200 units, valued at $1.4 million, in a contract awarded last December by the Burlington County, N.J. Police Department. These units include a mobile computer, docking station, vehicle mount equipment, voltage armor, CDPD antenna and installation services. L&E is responsible for the design and manufacture of a special universal mount system to incorporate the various townships' existing mounts. This new universal mount system is a significant product release from L&E because it allows for installation of new equipment without the removal of existing radio equipment and it also shortens installation time.
TelePad Corp., www.telepad.com, is an internationally recognized leader in the development of Field Force Automation. With headquarters in Herndon, the company provides "total solutions," including mobile computer platforms, application software framework, wireless networking, and integration services that enhance the productivity of the mobile professional. The common shares of TelePad trade on the Nasdaq SmallCap Market under the symbol TPADA. L&E Mobile Computer Mounts Inc., www.lemobilemounts.com, integrates mounting communication systems and computers into vehicles and offers a comprehensive range of vehicle computers, docking stations, mount systems, communication equipment, antennas, cable, power distribution centers, modems, and voltage/reverse polarity protection units. The company designs and manufactures mounts and is currently establishing a nationwide distributor network.
The statements in this news release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with the uncertainties pertaining to acquisitions and strategic alliances, customer orders, demand for products and services, development of markets for the company's products and services and other risks identified in the company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.