"Well Known Company Logos Market Release Michelle Peters"
Market Release Michelle Peters 972-560-5511 NVEC Introduces New Company Name and Logo at the SPIE Defense & Security Conference DALLAS – April 17, 2006 – Today marks the date that Night Vision Equipment Company, also known as NVEC, officially changes its name to Night Vision Systems (NVS), a DRS Technologies Company. The announcement is being made at the SPIE Security & Defense Conference in Orlando, Florida on April 17th. Accompanying the company name change is the release of a new logo that will begin appearing on materials, documents and products in coming months. The new name comes a year after NVEC was acquired by DRS Technologies, Inc. in December 2004. For over 30 years, NVEC was a recognized name as a small business, leading the way in the development and rapid distribution of night vision related products. With the acquisition by DRS, NVEC has decided to create a new brand identity to leverage the legacy of the old NVEC brand with the well known and highly publicized DRS Technologies, Inc. The new Night Vision Systems name provides the opportunity to maintain a separate sense of identity since NVS is viewed as a unique business with a wide customer base both in military and commercial markets. “We are confident that our new identity will create high brand awareness, while balancing the past and future,” said Chris Wright, vice president and general manager of Night Vision Systems. “Our name has changed but our vision remains the same, to rapidly deliver quality night vision products to our customers.” The new name and logo reflect a combination of the old NVEC brand with DRS Technologies, Inc. The new NVS logo contains elements from both NVEC and DRS logos, including the recognized green and black NVEC colors and the rounded curve of the DRS logo. About NVEC As a business unit of DRS Technologies Inc, Night Vision Equipment Company (NVEC) is a leader in night vision technology and sensors, based in Allentown, Pennsylvania. NVEC offers night vision devices, uncooled thermal imaging systems, lasers and a variety of combat identification tools for military (ground/airborne/maritime), security, public safety, federal and local government. For more information, visit www.nvec.net. ###