Telephonics Corporation, a wholly owned subsidiary of Griffon
Corporation (NYSE:GFF), announced that their joint venture partnership,
Mahindra Telephonics Integrated Systems (Mahindra Telephonics), has
opened the first private sector aerospace and electronics joint venture
manufacturing facility in India.
Mr. Melvin French, Mr. S.P. Shukla, Mr. HJ Kamath and Mr. Joseph Battaglia (l-r) inaugurate the new Mahindra Telephonics facility in Prithla, India (Photo: Business Wire)
The facility, located in the city of Prithla, a 45 minute drive from
Delhi, officially opened today and represents an important milestone for
India's rapidly expanding private defense industry. The business will
focus on the development and manufacture of leading-edge radar
technology. Initial production of the first proprietary products
commenced at the facility in December 2013.
Telephonics' long-standing and highly respected OEM customer base has
shown particularly keen interest in partnering with Mahindra Telephonics
on the development and execution of offset programs in India.
"Telephonics' combination of world-class technology and manufacturing
capabilities, combined with Mahindra's renowned manufacturing, corporate
governance and market presence are proving to be very compelling for our
customers in the U.S. and Europe," explained Telephonics President and
CEO, Mr. Joseph Battaglia. "Our joint venture has also begun planning
for additional development facilities, including a larger manufacturing
facility and the development of an outdoor radar and antenna test range."
Sharing Mr. Battaglia's enthusiasm, Mr. S.P. Shukla, President - Group
Strategy & Defence Sector & Member of the Group Executive Board
Mahindra & Mahindra Ltd. stated, "The opening of the Prithla facility is
a critical step in transitioning American defense manufacturing
capabilities to India. Being able to support Ministry of Defence
requirements locally in India provides a multitude of benefits,
including cost efficiencies, decreased turnaround times and enhanced
logistical support." He further added that "Mahindra Defence Systems
will now have a 3-dimensional capability encompassing the land, sea and
air domains. Synergies between the different defence and Mahindra Group
companies will also be leveraged."
Mahindra Telephonics plans robust participation at Defexpo 2014 in New
Delhi, February 6-9, where they will showcase radar, mobile surveillance
and communications technologies.
To learn more about Mahindra Telephonics Integrated Systems or about the
products being manufactured at the Prithla facility, please visit our
exhibit at Defexpo located in Hall 11/Stand 3, contact Mr. Tom Saling,
Telephonics Vice President, International Business Development at firstname.lastname@example.org
or visit www.mahindratelephonics.com
Telephonics' high-technology engineering and manufacturing capabilities
provide integrated information, communication and sensor system
solutions to military and commercial markets worldwide. Telephonics
specializes in aircraft intercommunication systems, wireless
communication systems, radars, identification friend or foe products,
integrated security systems, air traffic management systems, aerospace
electronics, and the performance of threat and radar system analyses.
About Griffon Corporation
Griffon Corporation (the "Company" or "Griffon"), headquartered in New
York, N.Y., is a diversified management and holding company that
conducts business through wholly-owned subsidiaries. The Company
oversees the operations of its subsidiaries, allocates resources among
them and manages their capital structures. The Company provides
direction and assistance to its subsidiaries in connection with
acquisition and growth opportunities as well as in connection with
divestitures. Griffon also seeks out, evaluates and, when appropriate,
will acquire additional businesses that offer potentially attractive
returns on capital to further diversify itself.
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: Certain statements other than statements of historical fact
included in this release are forward-looking statements. Such
forward-looking statements are based on the beliefs of the company's
management, as well as assumptions made by and information currently
available to the company's management. Actual results could differ
materially from those contemplated by the forward-looking statements.
Information concerning risks and uncertainties that may impact the
company's results and forward-looking statements are set forth in
Griffon Corporation's filings with the SEC. The company does not
undertake to release publicly any revisions to these forward-looking
statements to reflect future events or circumstances or to reflect the
occurrence of unanticipated events.
© 2014 Telephonics Corporation. 815 Broad Hollow Road, Farmingdale, NY
11735. All trademarks, trade names, service marks, and logos referenced
herein belong to their respective companies.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140205006322/en/
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