selected for strike fighter contract

This is a two stage contract. The second stage will be huge. Buy.

ASX ANNOUNCEMENT
12 March 2004

ADACEL SELECTED TO SUPPLY SOFTWARE SYSTEMS FOR JOINT
STRIKE FIGHTER
Adacel has been selected by Lockheed Martin as preferred supplier for speech
recognition software systems for the global F-35 Joint Strike Fighter program.
Under a Memorandum of Agreement signed with Lockheed Martin, Adacel will
develop a speech enabled cockpit control system as part of the System
Development and Demonstration phase of the JSF program.
As a result of this initial agreement Adacel is well placed for the production
phases of the program, where 3000 of the multi-role stealth fighter are expected
to be manufactured.
The JSF program win opens up new markets for Adacel in retrofitting speech
enabled cockpit control into other existing aircraft and supplying systems for new
and future aircraft.
The attached News Release provides additional information.
Adacel Technologies Limited
Mike Woodgate
Group Manager,
Corporate Affairs & Strategy Support
MR 403 JSF f ....../2
advancedsoftwares olutions
www.adacel.com
Adacel Technologies Limited
ABN 15 079 672 281
250 Bay Street
Brighton, Victoria 3186
Australia
t. +61 3 8530 7777
f. +61 3 9596 2960
NEWS RELEASE
Melbourne, Friday 12 March 2004
FOR IMMEDIATE RELEASE
ADACEL SELECTED TO SUPPLY SOFTWARE SYSTEMS
FOR JOINT STRIKE FIGHTER
Adacel Technologies Limited has been selected by Lockheed Martin as preferred
supplier for speech recognition software systems for the US$200 billion global
F-35 Joint Strike Fighter program. Adacel is the first Australian company selected
to provide software for the JSF.
Under a Memorandum of Agreement signed with Lockheed Martin, Adacel will
develop a speech enabled cockpit control system as part of the System
Development and Demonstration phase of the JSF program. Adacel was
selected in competition with major international companies.
Lockheed Martin's Executive Vice President and General Manager Joint Strike
Fighter, Tom Burbage, said "speech controlled cockpit functions are a new area
for fighter aircraft that we expect will have a significant impact on pilot efficiency
and effectiveness"
"Adacel was selected against strong competition on the basis of their
technological capability," Mr Burbage said.
Adacel's Managing Director, Silvio Salom, said the initial agreement meant that
Adacel was well placed for the production phases of the program, where 3000 of
the multi-role stealth fighter are expected to be manufactured. The Australian
Government is a partner in the global JSF program, the world's largest military
aerospace program.
Mr Salom said that selection for the JSF program provided further international
recognition for the company's speech enabled system control and automation
technology.
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"Adacel has established an international reputation for its speech and system
automation technology in aviation and defence environments," Mr Salom said.
The JSF program win opens up new markets for Adacel in retrofitting speech
enabled cockpit control into other existing aircraft and supplying systems for new
and future aircraft.
Adacel Technologies Limited is a leading developer of advanced simulation and
software applications and services for aviation, defence, corporate and
government. Since its establishment in 1987, Adacel has established an
international reputation for its simulation, software and simulation learning
products and services. Adacel is listed on the ASX (Code: ADA) and can be
found on the Web at www.adacel.com.
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Released by Adacel Technologies Limited
Contact for further information:
Adacel Technologies Limited +61 3 8530 7777
Mike Woodgate, Corporate Affairs & Strategy Support mob 0408 128 137