FAA Awards Supplemental Type Certificate for Astro-Med ToughWriter Flight Deck Printer on Boeing 767 Aircraft

The Test & Measurement Product Group of Astro-Med, Inc. (NASDAQ: ALOT) has announced the award of a Supplemental Type Certificate (STC) from the Federal Aviation Administration (FAA) to retrofit its ToughWriter 4 Flight Deck Printer into Boeing 767-200, -300 and -300F Series aircraft. The required modifications and approval flights were completed by Delta Engineering, headquartered in New Castle, Delaware, which obtained the STC.

The ToughWriter 4 flight deck printer includes both ARINC-429 and 10/100BaseT Ethernet ports to connect to Aircraft Communications Addressing and Reporting Systems (ACARS) and Electronic Flight Bags. It offers 300 x 600 dot-per-inch printing resolution, the highest resolution available in a flight deck printer, providing pilots with crisp, clear printouts of weather maps, approach plates, electronic charts and other graphical information. With print speeds up to 5 seconds per page in text mode, the ToughWriter 4 gives Boeing 767 pilots immediate access to critical ACARS messages.

Tom Carll, Vice President & Worldwide Sales Director, noted, “The ToughWriter 4 flight deck printer gives B767 operators the safety, convenience, and added capabilities that are associated with modern cockpit printers, including high resolution, graphical printing.”

Commenting further on the award, Carll said, “This is the first of what we hope will be many Supplemental Type Certifications for the ToughWriter 4 flight deck printer as older aircraft are retrofitted with glass displays, electronic flight bags, and updated CNS/ATM systems.”

Mike Natalizia, Astro-Med’s Director of Engineering for Ruggedized Products, added, “The ToughWriter 4 replaces outdated, legacy flight deck printers, saving airlines a significant amount of weight. For new printer installations, the ToughWriter 4 gives pilots the ability to print text messages as well as graphics, and replaces the heavy flight bags that they used to carry on the aircraft.”

About Astro-Med Test & Measurement

Astro-Med is currently furnishing airborne printers for the Airbus A380 and A400M, the Boeing C-17, B-787, B-777, B-747, and the Lockheed C-130 in addition to the Boeing 767 aircraft announced in this news release.

Astro-Med’s Test & Measurement Product Group has been designing and manufacturing ruggedized products for more than a decade. These products are used in the most demanding military and commercial environments, including airborne, shipboard and ground vehicle applications. Astro-Med is certified to AS9100, the quality management system specifically designed for manufacturers of aerospace industry products.

Additional information about Astro-Med’s ruggedized products is available by visiting http://www.astro-med.com/ruggedized/index.html.

About Delta Engineering

Originally founded in 1983, Delta Engineering has worked closely with the FAA to obtain or issue over 500 FAA Supplemental Type Certificates and various other FAA approvals. Delta Engineering has obtained or issued FAA Supplemental Type Certificates for nearly every system that is typically installed into an airplane’s cockpit, including a multi-channel digital autopilots, air data systems and communications systems. Delta Engineering has obtained or issued FAA Supplemental Type Certificates for many cabin interior installations whether a corporate operated aircraft or an air carrier Boeing 747-400.

Additional information about Delta Engineering is available by visiting http://www.delta-engineering.com/.

About Astro-Med, Inc.

Astro-Med, Inc. is a leading manufacturer of specialty high tech specialty printing systems, electronic medical instrumentation, and test and measurement instruments. Astro-Med, Inc. products are sold under the brand names Astro-Med(R), Grass(R) Technologies, and QuickLabel(R) Systems, and are employed around the world in a wide range of aerospace, medical, military, industrial, and packaging applications. Astro-Med Inc is a member of the Russell Microcap(R) Index. Additional information is available by visiting www.astro-medinc.com.

Safe Harbor Statement

This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med’s FY2010 annual report and its annual and quarterly filings with the Securities and Exchange Commission.

Contact:
Thomas C. Carll
Vice President & Worldwide Sales Director
Tel: 877-867-9783

SOURCE: Astro-Med, Inc.

 

Astro-Med, Inc. Reports Continued Sales Growth in the Third Quarter; Directors Declare Regular Cash Dividend

Astro-Med, Inc. (NASDAQ: ALOT) reports Net Sales of $18,329,000 and Net Income of $792,000, equal to 11 cents per diluted share for the Third Quarter ended October 30, 2010. For the corresponding period of the prior year, Astro-Med, Inc. reported Net Sales of $16,658,000 and Net Income of $683,000, equal to 9 cents per diluted share. Net Income in the Third Quarter included a tax benefit of approximately $400,000, or 5 cents per diluted share, due to favorable resolution of a previously uncertain tax position, and a favorable adjustment in the filing of the prior year’s tax returns.

For the nine months ended October 30, 2010, Astro-Med reported Net Sales of $53,159,000 and Net Income of $1,545,000, equal to 21 cents per diluted share, after giving effect to the favorable tax benefit recognized in the Third Quarter of approximately $400,000, or 5 cents per diluted share. For the corresponding nine month period last year, the Company reported Net Sales of $47,751,000 and Net Income of $1,037,000, equal to 14 cents per diluted share.

Commenting on the results, Albert W. Ondis, Chief Executive Officer, said: “I am pleased to see Third Quarter results demonstrating clearly that all elements of our Strategic Plan are coming together. We experienced a 10% sales growth and a 22% EPS growth over the prior year, and had excellent growth across all our brands. As the Quarter ended, we were poised to introduce the Vivo! Touch intelligent color label printer at several important trade shows. Reaction to the Vivo! Touch and its ability to print color labels on-the-fly has been outstanding, and we will begin shipments in December. We also have several new products under development earmarked for our Astro-Med Test & Measurement and Grass Technologies brands. We foresee continued growth and profitability for the Quarter and the year ahead.

“At the end of the Third Quarter, we are well positioned to support the Company’s continued growth. Our Balance Sheet remains solid with $21 million in cash and marketable securities and we are making efficient use of our working capital investments in accounts receivable and inventory. We are also enhancing Astro-Med, Inc.’s manufacturing capacity with strategic expenditures on plant and equipment.

“We remain committed to growing Astro-Med, Inc. by funding R&D, Sales, and Marketing resources to ensure that we continue to achieve our goals of double digit sales growth and profitability notwithstanding today’s challenging economic environment.”

Astro-Med, Inc. Directors Declare Regular Cash Dividend

On November 15, 2010, the Directors of Astro-Med, Inc. declared the regular quarterly cash dividend of $0.07 per share, payable on December 29, 2010 to shareholders of record as of December 10, 2010.

Third Quarter Conference Call to be held Wednesday, November 17, 2010

The Astro-Med, Inc. Third Quarter conference call will be held on Wednesday, November 17, 2010, at 11:00 AM EST. It will be broadcast in real time on the Internet and will be available through the Investing Section of our website. We invite you to log on and listen in or participate in real time by dialing 877-941-2332 and referencing ID number 4374732.

The Astro-Med, Inc. webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

Following the live broadcast, a webcast of the recorded call will be available for seven days at www.Astro-MedInc.com. A telephone replay of the conference call will also be available for seven days by dialing 800-406-7325 with conference ID # 4374732.

                               Astro-Med, Inc.

                   Consolidated Statements of Operations
                   In Thousands Except for Per Share Data
                                 (Unaudited)

                               Three-Months Ended       Nine-Months Ended
                            October 30,  October 31, October 30, October 31,
                                2010        2009         2010        2009
                            ----------- -----------  ---------- -----------
Net Sales                   $    18,329  $   16,658  $   53,159  $   47,751
Gross Profit                      7,401       7,059      21,290      19,822

                                   40.4%       42.4%       40.0%       41.5%
Operating Expenses:
  Marketing & Selling             4,232       3,840      12,349      11,447
  Research & Development          1,383       1,163       3,737       3,565
  General & Administrative        1,079       1,095       3,327       3,423
                            ----------- -----------  ---------- -----------
                                  6,694       6,098      19,413      18,435

Operating Income                    707         961       1,877       1,387
                                    3.9%        5.8%        3.5%        2.9%

Other Income Net                     24          75         130         194
                            ----------- -----------  ---------- -----------

Income Before Taxes                 731       1,036       2,007       1,581

Income Tax Provision
 (Benefit)                          (61)        353         462         544
                            ----------- -----------  ---------- -----------

Net Income                  $       792  $      683  $    1,545  $    1,037
                            =========== ===========  ========== ===========

Net Income Per Share -
 Basic                      $      0.11  $     0.10  $     0.21  $     0.15
                            =========== ===========  ========== ===========
Net Income Per Share -
 Diluted                    $      0.11  $     0.09  $     0.21  $     0.14
                            =========== ===========  ========== ===========

Weighted Average Number of
 Common Shares - Basic            7,335       7,151       7,277       7,129
Weighted Average Number of
 Common Shares - Diluted          7,492       7,396       7,488       7,349

Dividends Declared Per
 Common Share               $      0.07  $     0.06  $     0.21  $     0.18


                         Selected Balance Sheet Data
                                In Thousands
                                 (Unaudited)

                                     As of October 30,    As of January 31,
                                           2010                 2010
                                   -------------------- --------------------
Cash & Marketable Securities       $       21,279       $       23,760

Current Assets                     $       49,411       $       49,868

Total Assets                       $       64,975       $       64,676

Current Liabilities                $       8,206        $       8,158

Shareholders' Equity               $       53,996       $       53,819

About Astro-Med, Inc. Astro-Med, Inc. is a leading manufacturer of specialty high tech printing systems, electronic medical instrumentation, and test and measurement data acquisition systems. Astro-Med, Inc. products are sold under the brand names Astro-Med(R), Grass(R) Technologies and QuickLabel(R) Systems, and are employed around the world in a wide range of aerospace, medical, military, industrial, labeling and packaging applications. Astro-Med, Inc. is a member of the Russell Microcap(R) Index. Additional information is available by visiting www.Astro-MedInc.com.

Safe Harbor Statement This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med’s FY2010 annual report and its annual and quarterly filings with the Securities and Exchange Commission.

Contact:
Albert W. Ondis
CEO
Joseph P. O’Connell
CFO
Tel: 800-343-4039
www.Astro-MedInc.com

SOURCE: Astro-Med, Inc.

http://www.Astro-MedInc.com

 

Astro-Med, Inc. to Announce Third Quarter Fiscal 2011 Sales and Earnings on November 17

Astro-Med, Inc. (NASDAQ: ALOT), a manufacturer of high tech specialty printers, test and measurement systems, and electronic medical instrumentation, will announce its financial results for the Third Quarter ended October 20, 2010 on November 16, 2010. The Third Quarter Conference Call will be held to discuss results on Wednesday, November 17, 2010 at 11:00 am EST (10 am CST).

Third Quarter Conference Call on Wednesday, November 17 at 11:00 am EST

This call can be accessed at Astro-Med, Inc.’s web site at www.Astro-MedInc.com and is being webcast by Thomson Financial. You can participate in the conference call by dialing 1-877-941-2332 with conference ID # 4374732.

The Astro-Med, Inc. webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

Following the live broadcast, a webcast of the recorded call will be available for seven days at www.Astro-MedInc.com. A telephone replay of the conference call will also be available for seven days by dialing 800-406-7325 with conference ID # 4374732.

About Astro-Med, Inc.

Astro-Med, Inc. is a leading manufacturer of specialty high tech specialty printing systems, electronic medical instrumentation, and test and measurement data acquisition systems. Astro-Med, Inc. products are sold under the brand names Astro-Med(R), Grass(R) Technologies, and QuickLabel(R) Systems, and are employed around the world in a wide range of aerospace, medical, military, industrial, labeling, and packaging applications. Astro-Med, Inc. is a member of the Russell Microcap(R) Index. Additional information is available by visiting www.Astro-MedInc.com.

Safe Harbor Statement

This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med’s FY2010 annual report and its quarterly filings with the Securities and Exchange Commission.

Contact:
Albert W. Ondis
CEO
Joseph P. O’Connell
CFO
Astro-Med, Inc.
(800) 343-4039
www.Astro-Medinc.com

SOURCE: Astro-Med, Inc.

http://www.Astro-Medinc.com

 

QuickLabel Systems Introduces the Vivo! Touch Intelligent Color Label Printer

WEST WARWICK, RI, Nov 01, 2010 (MARKETWIRE via COMTEX) — QuickLabel Systems, a brand of Astro-Med, Inc. (NASDAQ: ALOT), announces the introduction of the new Vivo! Touch, a digital color label printer, developed for dynamic color label printing in-house, on-demand.

According to the Company, the Vivo! Touch is the first high-resolution, high-speed “intelligent” color label printer that is capable of printing color labels on the fly, in extremely high print quality, for in-house label printing by end-user manufacturers. The color label maker utilizes a 1.6 GHz internal computer to efficiently process large amounts of variable label data and coordinate label jobs, printing color labels in high-speeds of 5 ips (25 feet per minute). The Vivo! Touch extensively leverages a new version of QuickLabel’s Custom QuickLabel labeling software to print color labels in breathtaking fidelity.

“The Vivo! Touch is an amazing digital color label printer that does two things that have never been done before in the same system: it makes color labels in excellent print quality and also dynamically prints color labels on the fly, at high speeds that keep up with most packaging lines. And it does it all at a low-cost per label that makes it affordable for manufacturers to print your own labels,” said Eric E. Pizzuti, QuickLabel Systems Vice President and Worldwide Sales Director. “Whether your packaging process requires you to dynamically print color labels with data from your ERP system, or whether you simply want the capacity to changeover your line quickly and instantly custom print your own color labels in photo-quality, the Vivo! Touch represents a great advancement in digital color label print quality, print speed, and in the user-friendliness of digital color label presses.”

Pizzuti continued, “Our new Vivo! Touch full-color label printer will satisfy the needs of manufacturers and processors who have asked for a digital color label printer that matches the print quality of conventional label printing presses and can make color labels on the fly, in-house. Manufacturers will be able to use the Vivo! Touch to increase profits and cut labels costs, especially in the food and beverage, chemical processing, dietary supplement, electronics, medical, and cosmetics and personal care industries. They will be able to make custom labels for private label customers in beautiful, photo-quality with label content that changes from label-to-label and batch-to-batch.”

QuickLabel Systems believes that the on-board color label printer intelligence and high speed label printing will be a benefit to end-user manufacturers who require flexibility in their labeling process. Whether printing photographic-quality labels used in private label and primary display label packaging, or for printing data-intense variable information labels in color from ERP systems and production databases, labels with batch-specific and product specific label information such as batch codes, lot codes, expiration dates, ingredients, product descriptions, color codes, and other variable fields are produced.

The Company describes the new compact color label printer with LCD touchscreen control panel as the next generation of Vivo! LED color label printing technology, a new platform that will replace the previous Vivo! model. The Vivo! Touch color label printing process is regarded to be extremely cost-effective because it uses toner very efficiently, precisely depositing toner only when each dot of cyan, magenta, yellow, and black is required in a printed image.

The Vivo! Touch color label printer is being demonstrated for the first time ever at the Pack Expo International trade show in Chicago, IL at QuickLabel Systems Booth #4020 in the North Building. More information is available at www.QuickLabel.com/Vivo.

About QuickLabel Systems and Astro-Med, Inc. QuickLabel Systems is a leading manufacturer of digital color label printers used by manufacturers and processors who want to print their own labels in-house, as well as barcode label printers, thermal transfer ribbon, labels, and custom label printing services. QuickLabel Systems is a brand of Astro-Med, Inc, a manufacturer of high tech specialty printing systems, electronic medical instrumentation, and data acquisition systems for test and measurement. Astro-Med, Inc (NASDAQ: ALOT) is a member of the Russell Microcap(R) Index. Additional information is available by visiting www.QuickLabel.com. Keep up with QuickLabel Systems on Twitter at www.Twitter.com/QuickLabel and on Facebook at www.Facebook.com/QuickLabel.

Safe Harbor Statement

This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med’s FY2010 Annual report and its annual and quarterly filings with the Securities and Exchange Commission.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1407033

Contacts:
Albert W. Ondis
CEO
Eric Pizzuti
Vice President
Tel: 877-757-7978
www.QuickLabel.com

SOURCE: QuickLabel Systems

http://www.QuickLabel.com

 

Astro-Med, Inc. Reports Sales and Net Income in the Second Quarter; Directors Declare Regular Cash Dividend

Astro-Med, Inc. (NASDAQ: ALOT) reports net income of $323,000, equal to 4 cents per diluted share, on sales of $17,753,000 for the Second Quarter ended July 31, 2010. The Company reported net income of $585,000, equal to 8 cents per diluted share, on sales of $16,416,000 for the comparable period of the prior year. Unfavorable foreign exchange currency rates lowered this year’s Second Quarter sales by approximately $227,000, or 1.4%, when compared to the previous year.

For the six months ended July 31, 2010, Astro-Med, Inc. reported net income of $753,000, equal to 10 cents per diluted share, on sales of $34,830,000. During the comparable six-month period of the prior year, net income was $354,000, equal to 5 cents per diluted share, on sales of $31,093,000.

The Company’s balance sheet remains strong with a cash and marketable securities position of $21,933,000, a current ratio of 6.3:1, and zero debt.

Commenting on the results, Albert W. Ondis, Chief Executive Officer, said, “Results for the Quarter came in at the low end of the range we were forecasting, although our QuickLabel Systems brand was a stand-out performer with sales of more than $10 million for the quarter. Both Grass Technologies and Test & Measurement brands came in below our forecasts.

“Looking ahead to the Third Quarter, we forecast softer QuickLabel Systems sales as we gear up for a major color printer model change, sell off our remaining inventory of existing models, and complete the new product rollout and training for our worldwide sales force.

“The products of Astro-Med, Inc. enter many segments of the worldwide economy where, although we continue to see resistance to capital equipment purchases, we are beginning the Third Quarter with a very full pipeline of active sales prospects. As a result, we feel the balance of the year will be good, if not excellent.”

Astro-Med, Inc. Directors Declare Regular Cash Dividend

On August 16, 2010, the Directors of Astro-Med, Inc. declared the regular quarterly cash dividend of $0.07 per share, payable on October 1, 2010 to shareholders of record as of September 10, 2010.

Second Year of Three-Year Strategic Plan Approved

Ondis stated, “On August 17, 2010 the Astro-Med, Inc. Board of Directors approved the Second Year update to the Three-Year Strategic Plan which was adopted in August 2009. Astro-Med, Inc. employees in every brand, from every department, and from every branch office participated in the development of this rolling Three Year Strategic Plan which will guide our performance during the next 12-36 months.

“The Three-Year Strategic Plan calls for growth through internal development as well as by acquisition. Consistent with the Plan, we have continued to maintain our strong investment in R&D activities, and we will soon announce new products which will contribute to our growth. We acquired a label manufacturer at the end of the last Fiscal Year in accordance with our Plan, and we continue to search for suitable acquisition candidates. We will make announcements as appropriate.”

Second Quarter Conference Call on Wednesday, August 18 at 11:00 am EDT

This call can be accessed at Astro-Med, Inc.’s web site at www.Astro-MedInc.com and is being webcast by Thomson Financial. You can participate in the conference call by dialing 1-800-762-8779 with password 4331854.

The Astro-Med, Inc. webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

Following the live broadcast, a webcast of the recorded call will be available for ten days at www.Astro-MedInc.com. A telephone replay of the conference call will also be available for seven days by dialing 800-406-7325 with password 4331854.

            Astro-Med, Inc. Consolidated Statements of Operations
                   In Thousands Except for Per Share Data
                                 (Unaudited)

                            Three-Months Ended         Six-Months Ended
                           July 31,    August 1,     July 31,    August 1,
                             2010         2009         2010         2009
                         -----------  -----------  -----------  -----------
Net Sales                $    17,753  $    16,416  $    34,830  $    31,093
Gross Profit                   7,024        6,951       13,889       12,763
                                39.6%        42.3%        39.9%        41.0%
Operating Expenses:
  Selling & Marketing          4,277        3,724        8,117        7,607
  Research & Development       1,135        1,175        2,354        2,402
  General &
   Administrative              1,064        1,166        2,248        2,328
                         -----------  -----------  -----------  -----------
                               6,476        6,065       12,719       12,337

Operating Income                 548          886        1,170          426
                                 3.1%         5.4%         3.4%         1.4%

Other Income (Expense),
 Net                              (1)          14          106          119
                         -----------  -----------  -----------  -----------

Income Before Taxes              547          900        1,276          545

Income Tax Provision             224          315          523          191
                         -----------  -----------  -----------  -----------

Net Income               $       323  $       585  $       753  $       354
                         -----------  -----------  -----------  -----------

Net Income Per Share -
 Basic                   $      0.04  $      0.08  $      0.10  $      0.05
                         -----------  -----------  -----------  -----------
Net Income Per Share -
 Diluted                 $      0.04  $      0.08  $      0.10  $      0.05
                         -----------  -----------  -----------  -----------

Weighted Average Number
 of Common Shares - Basic      7,301        7,148        7,248        7,118
Weighted Average Number
 of Common Shares -
 Diluted                       7,505        7,343        7,488        7,316

Dividends Declared Per
 Common Share            $      0.07  $      0.06  $      0.14  $      0.12




                         Selected Balance Sheet Data
                                In Thousands
                                 (Unaudited)
                                                         As of       As of
                                                        July 31,    January
                                                          2010      31, 2010
                                                       ---------   ---------
Cash & Marketable Securities                           $  21,933   $  23,760
Current Assets                                         $  48,836   $  49,868
Total Assets                                           $  64,191   $  64,676
Current Liabilities                                    $   7,802   $   8,158
Shareholders' Equity                                   $  53,683   $  53,819

About Astro-Med, Inc.

Astro-Med, Inc. is a leading manufacturer of specialty high tech specialty printing systems, electronic medical instrumentation, and test and measurement data acquisition systems. Astro-Med, Inc. products are sold under the brand names Astro-Med(R), Grass(R) Technologies, and QuickLabel(R) Systems, and are employed around the world in a wide range of aerospace, medical, military, industrial, labeling, and packaging applications. Astro-Med, Inc. is a member of the Russell Microcap(R) Index. Additional information is available by visiting www.Astro-MedInc.com.

Safe Harbor Statement This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med, Inc.’s FY2010 Annual Report and its annual and quarterly filings with the Securities and Exchange Commission.

Contact:
Albert W. Ondis
CEO
Joseph P. O’Connell
CFO
Tel: 800-343-4039
www.Astro-MedInc.com

SOURCE: Astro-Med, Inc.

http://www.Astro-MedInc.com

 

Astro-Med, Inc. to Announce Second Quarter Fiscal 2011 Sales and Earnings on August 17

Astro-Med, Inc. (NASDAQ: ALOT), a manufacturer of high tech specialty printers, test and measurement systems, and electronic medical instrumentation, will announce its financial results for the Second Quarter ended July 31, 2010 on August 17, 2010. The Second Quarter Conference Call will be held to discuss results on Wednesday, August 18, 2010 at 11:00 am EDT (10 am CDT).

Second Quarter Conference Call on Wednesday, August 18 at 11:00 am EDT

This call can be accessed at Astro-Med, Inc.’s web site at www.Astro-MedInc.com and is being webcast by Thomson Financial. You can participate in the conference call by dialing 1-800-762-8779 with password 4331854.

The Astro-Med, Inc. webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

Following the live broadcast, a webcast of the recorded call will be available for ten days at www.Astro-MedInc.com. A telephone replay of the conference call will also be available for seven days by dialing 800-406-7325 with password 4331854.

About Astro-Med, Inc.

Astro-Med, Inc. is a leading manufacturer of specialty high tech specialty printing systems, electronic medical instrumentation, and test and measurement data acquisition systems. Astro-Med, Inc. products are sold under the brand names Astro-Med(R), Grass(R) Technologies, and QuickLabel(R) Systems, and are employed around the world in a wide range of aerospace, medical, military, industrial, labeling, and packaging applications. Astro-Med, Inc. is a member of the Russell Microcap(R) Index. Additional information is available by visiting www.Astro-MedInc.com.

Safe Harbor Statement

This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med’s FY2010 annual report and its quarterly filings with the Securities and Exchange Commission.

Contact:
Albert W. Ondis
CEO
Joseph P. O’Connell
CFO
Astro-Med, Inc.
(800) 343-4039
www.Astro-MedInc.com

SOURCE: Astro-Med, Inc.

www.Astro-MedInc.com

 

Astro-Med, Inc.’s Grass Technologies Donates Ambulatory EEG System for Auction in Support of American Epilepsy Society Research Funds

Astro-Med, Inc. (NASDAQ: ALOT) and Grass Technologies today announced that they will auction a complete ambulatory EEG Recorder System to support the American Epilepsy Society’s Lennox and Lombroso Trust and Susan S. Spencer Funds for Epilepsy Research and Training. The online auction has already commenced, and is being held at: http://www.grasstechnologies.com/products/clinsystems/trea1.html. One hundred percent of the auction proceeds will be donated to the American Epilepsy Society and will be presented to the AES during the annual AES meeting held in San Antonio, TX.

The recently introduced unit, called the TREA ambulatory EEG system, is the latest amplifier system from Grass Technologies for patients to wear at home to record their EEG for one or more days. With 27 channels, it has the capability of recording data for 72 hours. The TREA is said to be the smallest and most compact ambulatory EEG recorder of its type in the industry. It is expected that the auction will yield near the full value of the $15,000 system.

“Since support for epilepsy research has declined in recent years, the donation of the proceeds of an auction for an ambulatory EEG system by Grass Technologies is a welcome contribution. We are engaged in an effort to create a secure foundation for epilepsy education and research by bolstering research support from within, and we have chosen the Lennox and Lombroso Trust and the new Susan S. Spencer Fund as key entities to support research and training,” said Suzanne C. Berry, MBA, CAE, Executive Director of the American Epilepsy Society.

“I hope many will bid on our TREA EEG system, and I encourage all to contribute to The Lennox and Lombroso Trust and Susan S. Spencer Funds which support early career grants and clinical research fellowships for some of the brightest minds in the epilepsy community,” said Everett V. Pizzuti, President and COO of Astro-Med, Inc. and Grass Technologies.

He continued, “Astro-Med, Inc. and Grass Technologies are committed to advancing the study of epilepsy, and to the development of diagnoses and treatments for this disorder that affects 50 million people worldwide.”

About American Epilepsy Society (AES); Lennox and Lombroso Trust; and the Susan S. Spencer Fund

The AES is the world’s premiere society for professional training in epilepsy treatment and research. With an ongoing commitment to education and research, it has earmarked a significant portion of its operating income for educational support. To learn more about the AES, visit http://www.aesnet.org/go/about-aes. For more information about the Lennox and Lombroso Trust and the Susan S. Spencer Fund, visit http://www.aesnet.org/go/contributions.

About Grass Technologies

Grass(R) Technologies, an Astro-Med, Inc. Product Group, is a world leader in neurophysiological monitoring instruments and software designed to detect, amplify, and display the electrical activity of the brain. Primary applications of Grass products include Sleep Monitoring and Analysis, Long-Term Monitoring (LTM), EEG Monitoring, and Neurophysiological Research Studies. Customers include sleep centers and clinics, hospitals, universities, and pharmaceutical companies. More information about the TREA ambulatory EEG System and Grass Technologies is available at: www.GrassTechnologies.com, or by telephoning 877-472-7779 toll-free in the USA and Canada.

About Astro-Med, Inc.

Astro-Med, Inc. is a leading manufacturer of specialty high tech printing systems, electronic medical instrumentation, and test and measurement instruments. Astro-Med, Inc. products are sold under the brand names Astro-Med(R), Grass Technologies, and QuickLabel(R) Systems, and are employed around the world in a wide range of aerospace, medical, military, industrial, and packaging applications. Astro-Med, Inc. is a member of the Russell Microcap(R) Index. Additional information is available by visiting www.Astro-MedInc.com.

Safe Harbor Statement

This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med’s FY2010 annual report and its annual and quarterly filings with the Securities and Exchange Commission.

Contact:
Everett V. Pizzuti
President & COO
Astro-Med, Inc.
800-343-4039
www.grasstechnologies.com/

SOURCE: Astro-Med, Inc.

http://www.grasstechnologies.com/

 

Astro-Med, Inc. Reports Fiscal 2011 First Quarter Financial Results; Directors Declare Regular Cash Dividend

Astro-Med, Inc. (NASDAQ: ALOT) reports First Quarter net income of $430,000, equal to $0.06 per diluted share, on sales of $17,077,000 for the First Quarter ended May 1, 2010. During the comparable period of the prior year, the Company reported a loss of $231,000, equal to $0.03 per diluted share on sales of $14,677,000. This represents a 16% increase in sales and a $0.09 per share swing in per share earnings. Favorable foreign currency exchange rates contributed $250,000 to the First Quarter sales.

“I am quite pleased with our First Quarter results,” said Albert W. Ondis, Chairman and CEO of Astro-Med, Inc. “The Quarter was driven by consumables sales, especially those of our QuickLabel Systems brand. Now that orders for our higher-profit printers, data recorders, and neurological and sleep instruments are rising, we are increasingly confident about the balance of the year.”

“Customer acceptance of our new products is most gratifying and this has further validated our decision to continue the accelerated pace of our costly new product development program in the face of the ongoing recession.”

Strong Fundamentals

“Astro-Med, Inc. continues to maintain a solid balance sheet. Cash provided by operating activities was $461,000 during the Quarter, allowing the company’s cash and marketable securities balance to remain virtually flat with the prior year end at $23,674,000, after funding investing and financing requirements during the Quarter. Our current ratio was consistent with the prior year at 6.4:1, with no debt obligation and a book value of $7.37 per share.”

Directors Declare Regular Quarterly Dividend

On May 18, 2010, the Directors of Astro-Med, Inc. declared the regular quarterly cash dividend of $0.07 per share, payable on July 1, 2010 to shareholders of record on June 11, 2010.

Conference Call to be Held Wednesday, May 19th at 11:00 am Eastern Time

The First Quarter conference call will be held on Wednesday, May 19th, 2010, at 11:00 am EDT. It will be broadcast in real time on the Internet through the Investing section of our website, www.Astro-Medinc.com. We invite you to log on and participate in real time on May 19th by dialing 877-941-0843 and referencing ID number 4293972. Following the live broadcast, an audio webcast of the conference call will be available for ten days at www.Astro-Medinc.com. A conference call replay will also be available for ten days by dialing 800-406-7325 and referencing ID number 4293972.

About Astro-Med, Inc.

Astro-Med, Inc. is a leading manufacturer of specialty high tech printing systems, electronic medical instrumentation, and test and measurement instruments. Astro-Med, Inc. products are sold under the brand names Astro-Med(R), Grass(R) Technologies and QuickLabel(R) Systems and are employed around the world in a wide range of aerospace, medical, military, industrial, and packaging applications. Astro-Med, Inc. is a member of the Russell Microcap(R) Index. Additional information is available by visiting www.Astro-MedInc.com.

                             ASTRO-MED, INC.
             Condensed Consolidated Statements of Operations
                 in Thousands Except for Per Share Data
                              (Unaudited)
                                       Three Months        Three Months
                                     Ended May 1, 2010   Ended May 2, 2009
                                     -----------------   -----------------
Net Sales                            $          17,077   $          14,677

Gross Profit                                     6,865               5,813
                                                  40.2%               39.6%
Operating Expenses:
    Selling and Marketing                        3,841               3,883
    General and Administrative                   1,183               1,162
    Research & Development                       1,219               1,228
                                     -----------------   -----------------
                                                 6,243               6,273

Operating Income (Loss)                            622                (460)
                                                   3.6%               (3.1%)

Other, Net                                         107                 105
                                     -----------------   -----------------

Income (Loss) Before Taxes                         729                (355)

Income Tax Provision (Benefit)                     299                (124)
                                     -----------------   -----------------

Net Income (Loss)                    $             430               ($231)
                                     -----------------   -----------------

Net Income (Loss) Per Share - Basic  $             .06               ($.03)
                                     -----------------   -----------------
Net Income (Loss) Per Share -
 Diluted                             $             .06               ($.03)
                                     -----------------   -----------------

Weighted Average Number of Common
 Shares - Basic                                  7,194               7,087
Weighted Average Number of Common
 Shares - Diluted                                7,475               7,087
Dividends Declared Per Common Share  $            0.07   $            0.06

                         Selected Balance Sheet Data
                                in Thousands
                                           As of May 1,    As of January 31,
                                               2010              2010
                                          --------------  ------------------
                                            (Unaudited)

Cash & Marketable Securities              $       23,674  $           23,760

Current Assets                            $       49,635  $           49,868

Total Assets                              $       64,272  $           64,676

Current Liabilities                       $        7,803  $            8,158

Shareholders' Equity                      $       53,763  $           53,819


Safe Harbor Statement

This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med’s FY2010 annual report and its annual and quarterly filings with the Securities and Exchange Commission.

Contact:
Albert W. Ondis
CEO
Joseph P. O’Connell
CFO
Astro-Med, Inc.
Tel: 800-343-4039

SOURCE: Astro-Med, Inc.

 

Astro-Med, Inc. to Announce First Quarter FY 2011 Sales and Earnings, Convene Annual Shareholders’ Meeting on May 18

Astro-Med, Inc. (NASDAQ: ALOT), a manufacturer of high tech specialty printers, test and measurement systems, and electronic medical instrumentation, will announce its financial results for the First Quarter ended May 1, 2010 during its Annual Shareholders’ Meeting to be held at 10 am EDT on Tuesday, May 18, 2010. The First Quarter Conference Call will be held to discuss results on Wednesday, May 19, 2010 at 11:00 am EDT (10 am CDT).

First Quarter Conference Call on Wednesday, May 19 at 11:00 am EDT

This call can be accessed at Astro-Med, Inc’s web site at www.Astro-MedInc.com and is being webcast by Thomson Financial. You can participate in the conference call by dialing 877-941-0843 with passcode 4293972.

Following the live broadcast, an audio webcast of the call will be available for ten days at www.Astro-MedInc.com. A telephone replay of the conference call will also be available for seven days by dialing 800-406-7325 with passcode 4293972.

The Astro-Med, Inc. webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

Annual Shareholders Meeting on May 18, 2010

Astro-Med, Inc. will hold its 2010 Annual Shareholders Meeting on Tuesday, May 18 at 10:00 am EDT at Astro-Med, Inc. Headquarters, located at 600 East Greenwich Ave., West Warwick, RI 02893 USA. Management will make a presentation, and recently announced Astro-Med, Inc. products will be on display. All shareholders are encouraged to attend.

About Astro-Med, Inc.

Astro-Med, Inc. is a leading manufacturer of specialty high tech printing systems, electronic medical instrumentation, and test and measurement instruments. Astro-Med, Inc. products are sold under the brand names Astro-Med(R), Grass(R) Technologies and QuickLabel(R) Systems and are employed around the world in a wide range of aerospace, medical, military, industrial, and packaging applications. Astro-Med, Inc. is a member of the Russell Microcap(R) Index. Additional information is available by visiting www.Astro-MedInc.com.

Safe Harbor Statement

This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med’s FY2010 annual report and its quarterly filings with the Securities and Exchange Commission.

Contact:
Albert W. Ondis, CEO
Joseph P. O’Connell, CFO
Astro-Med, Inc.
(800) 343-4039
www.Astro-Medinc.com

SOURCE: Astro-Med, Inc.

www.Astro-MedInc.com.

Astro-Med Introduces New TMX High-Speed Data Acquisition System

TMX Data Acquisition System Delivers Industry Leading Efficiency for Data Recording and Analysis With 96 Channels

Astro-Med, Inc. (NASDAQ: ALOT), a world leader in the data acquisition and recording market, today introduced its new TMX(TM) High Speed Data Acquisition System, offering best in class efficiency for general purpose data capture, review, archive, and analysis. The TMX features 96 channels of data recording to a 1 TByte hard drive dedicated solely to data capture, allowing for data to be recorded for months on end in one single file.

“Information that would typically take hours to extract is now available in minutes, and in many cases, even in real-time,” said Pete Nadeau, Product Manager of the Astro-Med Test & Measurement Group. “With its advanced processing technology, the TMX data acquisition system solves one of the biggest challenges in the test and measurement field: reducing downtime.”

Featuring Astro-Med’s latest LookBack(TM) and QuickReview(TM) technologies, the TMX enables instant review of several GBytes of data during ongoing long-term data capture. In addition, embedded scope capture and intelligent triggering capabilities preserve hard drive space while minimizing archive time.

“Until now, many engineers would have to export their data into other software to analyze it, which can be very time consuming,” said Nadeau. “Advanced derived channel technology in the TMX enables real-time mathematics on the fly with no processing latency.”

Highly customizable, the TMX data acquisition system accepts a wide variety of inputs, including voltage, thermocouple, DC bridge, video, audio, IRIG, GPS and MIL-1553. All inputs are fully synchronized, eliminating latency. In addition, the TMX is available in both benchtop and rackmount versions.

The TMX can be configured and optimized for use in a broad spectrum of industries, including telemetry, aerospace and defense, automotive, power generation, transportation, steelworks, telecommunications, heavy industry, and others. To learn more about the Astro-Med TMX data acquisition system, visit www.astro-med.com/tmx.

About Astro-Med Test & Measurement Group

Astro-Med Test & Measurement Group is a world leader in the data acquisition and recording market and has been developing and manufacturing recording systems since 1969. Follow Astro-Med Test & Measurement on Twitter at: twitter.com/thewaveform.

About Astro-Med, Inc.

Astro-Med, Inc. is a leading manufacturer of specialty high tech printing systems, electronic medical instrumentation, and test and measurement instruments. Astro-Med, Inc. products are sold under the brand names Astro-Med(R), Grass(R) Technologies and QuickLabel(R) Systems and are employed around the world in a wide range of aerospace, medical, military, industrial, and packaging applications. Astro-Med, Inc. is a member of the Russell Microcap(R) Index. Additional information is available by visiting www.Astro-MedInc.com.

Safe Harbor Statement

This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med’s FY2009 annual report and its quarterly filings with the Securities and Exchange Commission.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1223701

Contacts:
Thomas Carll, Vice President, tcarll@astromed.com
Pete Nadeau, Product Manager, pnadeau@astromed.com
Astro-Med Test & Measurement
Toll-Free: 877-867-9783
www.Astro-Med.com/tmx

SOURCE: Astro-Med, Inc.

http://www.astro-med.com/tmx