Profile: Video Display Corp (VIDE.OQ)

Video Display Corporation, incorporated on November 28, 1984, is a provider and manufacturer of video products, components, and systems for visual display and presentation of electronic information media in all requirements and environments. The Company designs, engineers, manufactures, markets, distributes and installs technologically advanced display products and systems, from basic components to turnkey systems for government, military, aerospace, medical, industrial, and commercial organizations. The Company operates primarily in two divisions: Monitors and Display cathode ray tube (CRTs). On March 1, 2011, the Company sold its subsidiary Fox International Ltd. to FI Acquisitions LLC.

Monitors

The Company's monitor operations are conducted in Phelps, New York (Z-Axis); Birdsboro, Pennsylvania (Aydin); Cape Canaveral, Florida (Display Systems); Lexington, Kentucky (Lexel) and Tucker, and Georgia (Aydin Visual Solutions). This portion of the Company's operations involves the design, engineering, and manufacture of complete monochrome, color monitor, and projector display units using new CRTs or flat panel displays.

This division contributed approximately 91% of the Company consolidated net sales during the fiscal year ended February 29, 2012 (fiscal 2012). The prime customers for these products include defense, security, training, and simulation areas of the United States of America and foreign militaries, as well as the defense contractors, such as the Boeing Company, L-3 Communications Corporation, Lockheed Martin Corporation, and others. These defense contractors utilize the Company's products for ruggedized mission critical applications, such as shipboard and nuclear submarines. Flight simulator displays are also produced to provide a range of flight training simulations for military applications. The primary components for the ruggedized product line consist of projection systems, CRT and flat panel displays, circuit boards and machine parts.

Data Display CRTs

The Company is engaged in the distribution and manufacture of CRTs using recycled CRT glass bulbs, primarily in the replacement market, for use in data display screens, including computer terminal monitors, medical monitoring equipment and various other data display applications and in television sets. The Company's CRT manufacturing operations of new and recycled CRTs are conducted at facilities located in Bossier City, Louisiana (Novatron) and Lexington, Kentucky (Lexel). The Company's Tucker, Georgia location is the Company's primary distribution point for data display CRTs purchased from outside sources. The Company also distributes new CRTs and other electronic tubes purchased from original manufacturers. The Company sells CRTs into the replacement market, which sometimes takes five to seven years to develop.

Component Parts

The Company, through its Tucker, Georgia based electron gun manufacturing subsidiary, Southwest Vacuum Devices, Inc., manufactures electron gun assemblies consisted of small metal, glass and ceramic parts. Electron guns produced by the Company are consumed internally among the Company's own CRT manufacturing facilities. The Company markets its products worldwide primarily from facilities located in the United States and several sales and service agents located worldwide. The Company's manufacturing and distribution facilities are located in Georgia, Florida, Louisiana, Pennsylvania, New York, and Kentucky, in addition to several sales and service agents located worldwide.