FIDELITY TECHNOLOGIES WINS LOCKHEED MARTIN STAR SUPPLIER AWARD

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Lockheed Martin executives presented Fidelity Technologies Corporation with the STAR Supplier – Perfect Product Award at a recent ceremony at Fidelity’s corporate facility in Reading, PA. The award recognizes Fidelity as one of Lockheed Martin’s top-performing suppliers. Only seven firms worldwide have earned this award in the past year.

The prestigious award is made only to Lockheed Martin suppliers who distinguish themselves by meeting some of the most stringent performance criteria in the aerospace industry. To join this elite group of STAR suppliers, Fidelity Technologies Corporation achieved 100% quality and 100% delivery for all products provided to Lockheed Martin for a minimum of one year. Additionally, Fidelity met the established criteria for Lockheed Martin’s supplier performance evaluation metric that evaluates quality, delivery, affordability, and management/administration.

Fidelity is subcontracted by Lockheed to produce and deliver upgrade kits for A-10 aircraft. Lockheed Martin STAR suppliers are provided visibility across Lockheed Martin Corporation. This results in increased opportunities for Fidelity to acquire future contracts with Lockheed, which had $24 billion sales in 2001.

FIDELITY TECHNOLOGIES CORPORATION provides services to the U.S. Department of Defense and prime contracting agencies in the areas of manufacturing, engineering, integrated simulation systems, and military field support. The company, staffed by over 250 employees, operates a 73,000 square-foot manufacturing facility in Reading, Pennsylvania and field offices throughout the United States.

Mr. Jack D. Gulati is president and CEO of Fidelity Technologies Corporation. The company is under advisement from a board that includes Edwin Meese III, retired Attorney General of the United States; General John Vessey, U.S. Army (ret.), former Chairman of the Joint Chiefs of Staff; John Beck, M.D., Dan R. Luthringhauser, and Stanley Kabala, former chairman of Executone.