White Electronic Designs Announces Completion of Sale of Display Systems Division

White Electronic Designs Announces Completion of Sale of Display Systems
Division

PHOENIX, April 7 /PRNewswire-FirstCall/ -- White Electronic Designs
Corporation (Nasdaq: WEDC) announced that it, along with its wholly owned
subsidiary Panelview Incorporated, has completed the sale of the Company's
Display Systems Division (DSD) located in Hillsboro, Oregon to the U.S.
subsidiary of VIA optronics GmbH (VIA), a German company. VIA purchased the
operating assets of the division, primarily consisting of inventory, equipment
and intellectual property, for approximately $2.3 million. Other
non-operating net assets of approximately $0.9 million, including its accounts
receivable and residual liabilities, were retained by WEDC to be settled in
the normal course of business. In fiscal 2008, the Company announced its
intent to dispose of these operations to exclusively focus as a defense
electronics manufacturer and supplier. The transaction was completed on April
3, 2009 and will be reflected in the Company's second quarter fiscal 2009
results.

"We are pleased to have completed the sale of DSD," Roger Derse, chief
financial officer and member of the interim Office of the President,
commented. "As we announced last year, the discontinuation of non-core
operations of the Company has and will continue to allow us to create a more
efficient operating structure that will result in improved operating margins
and financial performance. We look forward to our continued leadership in the
defense electronics industry as a provider of mission critical technology that
supports our national security efforts. We appreciated working with VIA in
closing this disposition and wish them luck in their future endeavors."

Juergen Eichner, managing director of VIA, remarked, "We are delighted to
integrate DSD into our operations. With this acquisition, VIA has achieved a
worldwide presence and we are proud to be a leader in the display enhancement
and optical bonding industry. As we continue to expand, we will do our best to
serve our customers now and in the future."

About White Electronic Designs Corporation
White Electronic Designs (NASDAQ: WEDC) delivers sophisticated multi-chip
semiconductor products, high-efficiency memory devices, circuit integration
and build-to-print assemblies for defense & aerospace applications. The
ability to address the unique size, performance and quality requirements for
technology creators in the defense and aerospace market has established White
Electronic Designs as the industry's customer-focused solutions provider.
Capabilities include design, manufacturing and obsolescence management for
advanced defense electronic solutions, including die stacking and secure
microelectronics, as well as complex circuit card integration. Headquartered
in Phoenix, Arizona, White Electronic Designs operates world-class development
and production centers in Arizona and Indiana. For more information, visit
www.whiteedc.com or call 602-437-1520.

About VIA optronics GmbH
VIA optronics is a fast growing market leader in Europe supplying enhanced LCD
displays and related solutions. The company has several major customers in
different market segments. The Germany based manufacturing facility with clean
room technology is set up for high volume production. VIA optronics GmbH is
privately held and has won several awards as a technology leader.

All products from VIA optronics are designed for industrial and mobile
applications or other rough environments. Products from VIA optronics are used
in many different applications like sunlight readable, outdoor, portable
devices, handhelds, meters, medical systems, navigation units, industrial
automation, POS- and kiosk-terminals and many more. For more information,
visit www.via-optronics.com or call 503-690-2460.

Cautionary Statement
This press release contains forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides a "safe harbor" for such
forward-looking statements. The words, "believe," "expect," "anticipate,"
"estimate," "will" and other similar statements of expectation identify
forward-looking statements. Additionally, other factors that could materially
and unexpectedly affect the Company's results are set forth in the Company's
most recent Annual Report on Form 10-K and subsequent Quarterly Reports on
Form 10-Q. You are cautioned not to place undue reliance on our
forward-looking statements. We do not undertake any obligation to publicly
update any forward-looking statements to reflect events, circumstances or new
information after this press release, or to reflect the occurrence of
unanticipated events. WEDC-F

Contact: White Electronic Designs Corporation
Roger Derse
Chief Financial Officer
602-437-1520
rderse@wedc.com

Lytham Partners, LLC
Joe Diaz, Robert Blum or Joe Dorame
diaz@lythampartners.com
602-889-9700

SOURCE White Electronic Designs Corporation

Roger Derse, Chief Financial Officer of White Electronic Designs Corporation,
+1-602-437-1520, rderse@wedc.com; or Joe Diaz, diaz@lythampartners.com, or
Robert Blum, or Joe Dorame, all of Lytham Partners, LLC, +1-602-889-9700, for
White Electronic Designs Corporation