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Lockheed Martin Aeronautics Names Parvus Corp. Small Business of the Year 2008

Parvus Corporation
Parvus Receives Small Business of the Year Award
Parvus Receives Small Business of the Year Award

SALT LAKE CITY, UT – April 15, 2009 – Parvus has been named by Lockheed Martin [NYSE: LMT] as a Small Business of the Year for 2008. This singular recognition comes as a result of Parvus meeting or exceeding all quality objectives, delivery schedules, and project deliverables related to pre-production Communication, Navigation, and Identification (CNI) battery subsystems for the F-22 Raptor. These units provide redundant, fail-safe power in all situations to critical encryption/decryption equipment onboard the F-22 aircraft.

“Despite the complexity of the technology and fast-track nature of the CNI Battery program, Parvus maintained on-time delivery rates exceeding 95%, including a functional prototype only six months after contract award and a production-representative unit after 10 months,” said Parvus Director of Aerospace & Defense Programs Mike Simpson. “All safety-of-flight qualification testing was completed after 15 months, and now we are in the thick of fulfilling our $3.5M production contract.”

Parvus went beyond the scope of the original development contract to implement design features and reliability improvements that are expected to save hundreds of man-hours per month of maintenance time. While the contract specification required 30 days of total battery life under worse-case conditions, Parvus’ final design achieved 40+ days without a recharge, which greatly improves the mission readiness for the F-22.

An ISO-9001 quality certified company since 1993 Parvus has a long history of working with Lockheed Martin on a variety of aerospace and defense programs. Parvus enjoys delegated source inspection authority with Lockheed for its strong quality and delivery performance.

About Lockheed Martin

Headquartered in Bethesda, MD, Lockheed Martin is a global security company that employs more than 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion.

Lockheed Martin Aeronautics is committed to providing maximum practicable subcontracting opportunity for small businesses and recognizes that small businesses offer competitive pricing, flexibility and innovation which are essential to successfully delivering products and services to their government customers.

About Parvus

Parvus Corporation is a leading supplier of rugged COTS computing and IP networking subsystems for military and aerospace applications. Parvus’ tactical mission processors, network routers and LAN switch products provide enhanced command, control, computing and communication (C4) capabilities for situational awareness and mobile data processing in airborne, ground mobile, and naval installations. Parvus was founded in 1983 and is part of the Eurotech Group, a world leader in miniaturized and high performance computing with operations across North America, Europe, and Asia. For more information, visit www.parvus.com.

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Source: Parvus Corporation