Advanced Optics Electronics Gets Display Contract

ALBUQUERQUE, N.M., March 1 -- Advanced Optics Electronics Inc. said it has finalized a contract for the sale of three flat-panel displays, for a total sales price of $1,485,000, to Outdoor Media-USA of Houston.

The buyer has an option to buy up to three more displays at the same price and terms at the time exercised. If the option is exercised with the initial purchase agreement, the total value of contract and option is slightly under $3 million. An additional service contract may be entered into in the near future, the company said.