SOURCE: Sutron Corporation
STERLING, VA--(Marketwire - Oct 18, 2012) - Sutron Corporation (NASDAQ: STRN), a global leader in hydrological, meteorological, and oceanic monitoring products, systems, software and services, is pleased to announce we have signed two contracts with the Islamic Republic of Afghanistan, Ministry of Energy & Water (MEW). The first contract is for Operations and Maintenance (O&M) Services for 105 Hydrological Stations supplied and installed against Contract No: MEW/OCB/GH-102 and for Stations to be installed against Contract No: MEW/GH-102/22 for $2,745,864. The second covers Operations and Maintenance Services for 56 Meteorological Stations, some already installed and some being installed, against Contract No: G-205/H104 for $1,197,788. Each O&M Contract encompasses a period of four years.
Safe Harbor Statement
The statements in this press release that relate to future plans, events or performance are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. Forward-looking statements include without limitation any statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "should" and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements, including the risks of integration of acquired assets and operations and customer retention Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our filings with the SEC, including the disclosure under the heading "Business" and "Management's Discussion and Analysis" in the Company's Annual Report on Form 10-K filed on March 28, 2012. We are under no obligation to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.