NETANYA, Israel, September 4 /PRNewswire-FirstCall/ -- RADA Electronic Industries Ltd. (NASDAQ:RADA), announced today that it has received a purchase order exceeding $800,000 to develop and produce major components of a new and revolutionary information disaster recovery solution. The selection of RADA for this program is attributed to RADA's experience in data storage and management developed for military applications.
Disaster recovery is the process of regaining access to the data, hardware and software necessary to resume critical business operations after a natural or human-induced disaster. A disaster recovery plan (DRP) is part of a larger process known as business continuity planning (BCP).
Disaster recovery is becoming an increasingly important aspect of enterprise computing. As devices, systems, and networks become ever more complex, there are simply more things that can go wrong. As a consequence, recovery plans have also become more complex. Interruption of service or loss of data can have a serious financial impact on enterprises, whether directly or through loss of customer confidence.
Commenting on the order, Zvi Alon, RADA's CEO, said "RADA is excited to exploit this unique opportunity where we can use our mature technology, developed for military applications, as a potential solution for the growing demand for enterprise information disaster recovery. We have great expectations for this program and we believe RADA and its customer may capture a significant part of this large and fast growing business" About RADA RADA Electronic Industries Ltd. is an Israel based company involved in the military and commercial aerospace industries. The Company specializes in Avionics systems (Digital Video Recorders, Ground Debriefing Stations, Stores Management Systems, Flight Data Recorders, Inertial Navigation Systems), Trainers Upgrades, Avionics systems for the UAV market, and Electro optic cameras for airplanes and armored vehicles.
Note: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risk uncertainties and other factors include, but are not limited to, changes in general economic conditions, risks in product and technology developments, market acceptance of new products and continuing product demand, level of competition and other factors described in the Company's Annual Report on Form 20-F and other filings with the Securities and Exchange Commission.
Company Contact:
Dov Sella (V.P Sales & Marketing)
Tel: +972-9-892-1111
DATASOURCE: Rada Electronic Industries Ltd CONTACT: Company Contact: Dov Sella (V.P Sales & Marketing), Tel: +972-9-892-1111,
|