Aria International Incorporated, the wholly-owned subsidiary of Aria
International Holdings, Inc. (
Aria previously announced on May 20, 2009 the agreement to purchase the Airship from Aeros as a deliverable under its contract with Kingdom of Thailand, Royal Thai Army (“RTA”).
Aria International Incorporated is under contract to the RTA to provide in-country surveillance and communications solutions and services. The RTA agreed to purchase certain intelligence and surveillance equipment from Aria for an aggregate purchase price of $9.7 million. Aria will also provide the RTA with certain ancillary services including installation, training and the construction of an airship hangar. The terms of the contract require complete delivery and integration of the surveillance system within 120-days of contract award.
The RTA system is composed of an Airship, imagery capability from high-definition cameras and down linked communication facilities to a mobile command platform that are targeted to meet the requirements for this special procurement. Under this contract, Aria is responsible for delivering a complete turn-key solution, conducting initial operations and continuing maintenance tasks as well as providing training to the RTA personnel on the proper implementation of the equipment being delivered. Aria will also install and integrate high-definition day/night camera systems on select Royal Thai Army helicopters.
President of Aria International, Mr. Mike “Bing” Crosby, stated: “We continue to make progress on this important surveillance program and we are pleased with the current schedule to deliver the system to the RTA. Our solution provides state-of-the-art surveillance and communications systems to assist the Royal Thai Army with necessary capabilities to counter the increased insurgent activity and threats of crime, drug trafficking and terrorism.”
About Aria International Incorporated
Aria International Incorporated is a wholly-owned subsidiary of Aria International Holdings, Inc. (“Aria”). Aria is focused on providing specialized surveillance and communications solutions to a global customer base. Aria operates as a solutions provider, systems integrator, and operator of surveillance and communications systems. Working closely with our clients in a flexible and responsive manner, we are able to provide highly effective solutions that respond well to our customers' defense and security requirements. For more information, visit www.aria-int.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, with the exception of historical information, the matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties and the actual future results of Aria International Incorporated could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations, inability to hire and retain qualified personnel, and changes in the general domestic and international economic climate. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by Aria International, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.