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SECURITY: HRS (Common)
EXCHANGE: New York Stock Exchange CURRENCY: US Dollar
Harris Corporation (NYSE:
HRS) is an international communications equipment company focused on providing
product, system, and service solutions for commercial and government customers.
The company's five operating divisions serve markets for microwave, broadcast,
network support, secure tactical radio, and government communications systems.
With more than 10,000 employees, including 4,000 engineers and scientists,
Harris is a technology powerhouse.
Harris
Corporation
1025
West NASA Boulevard Melbourne, Florida 32919
Switchboard:
321-727-9100
Harris
Corporation to Acquire Optimal Solutions, Inc.
Expands
Broadcast Communications Division software offering and complements Harris
Next-Generation H-Class™ Total Content Delivery Platform
MELBOURNE,
Florida, April 17, 2006 — Harris Corporation (NYSE: HRS) has signed a definitive
agreement to acquire Optimal Solutions, Inc. (OSi), a privately held provider
of air-time sales, traffic and billing software systems to over 350 call-letter
broadcast stations in North America. The scalability of OSi's Windows®-based
platform is unmatched in the industry and can support a single call-letter
station or scale to support the largest station groups and network/affiliate
relationships with one software installation.
"The
acquisition of OSi will further strengthen our portfolio and commitment
to provide Total Content Delivery solutions to the industry," said Howard
Lance, chairman, president and chief executive officer of Harris Corporation.
"OSi expands our capabilities in enterprise-wide software for managing
and scheduling advertising and programming for broadcasters, and complements
the Harris next-generation H-Class™ platform." The H-Class™ platform will
serve the diverse business models of broadcast networks, cable networks
and media content providers as well as the emergence of new services such
as IPTV, mobile TV, and on-demand video delivery.
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