Harris Press Release


Harris Corporation Acquires Zandar Technologies

Acquisition Expands Harris Broadcast Communications Offerings In Fast-Growing Multi-image Video Display Market

MELBOURNE, Fla./DUBLIN, Ireland, November 29, 2007 — Harris Corporation (NYSE: HRS), an international communications and information technology company, has acquired Zandar Technologies, a privately held developer and provider of high-quality multi-image display processors for television broadcast and professional video markets.

Headquartered in Dublin, Ireland, Zandar was founded in 1993 and has pioneered the concept of multi-image video display technology to provide one integrated interface for multiple sources such as cameras, TV channels or video content. Zandar systems are used for virtual display walls for master control and situation rooms and broadcast trucks — providing centralized video and audio monitoring, alarms and corrective action. Customers include BBC and BSkyB, Alfacam, ESPN/STAR Sports (Singapore), ESPN (USA) and non-broadcast customers such as the FBI.

"We know Zandar very well and have high regard for their products,” said Tim Thorsteinson, president, Harris Broadcast Communications. “Combining our product portfolios will provide us with immediate new opportunities and put us in a leadership position in a very attractive, growing worldwide market.

“The multi-image display processor market has grown rapidly over the past decade as increasing numbers of video and audio channels require more monitoring consolidation and a flexible, scalable system for the prevention, detection and correction of signal errors. Zandar’s compact, scalable systems, such as the new Predator II™ and QS100™ series introduced at IBC, combined with the larger-format Harris® CENTRIO™ systems, represent a great complement of product lines and an excellent platform for future growth through market expansion,” he added.

Deirdre Smith, chief executive officer of Zandar, said, “The combination of Zandar and Harris creates an organization capable of providing exceptional system creativity, quality and value for the multi-image display processor market — with Harris world-class sales, channels distribution, service and support. Multi-format, multi-resolution, and multi-channel broadcast environments continue to present new challenges in video and audio monitoring, and we are delighted to be part of an organization that is making the long-term commitment necessary to lead the industry transition to multi-image display systems. Harris has been a great partner during the past several years, and we believe our customers and employees will benefit greatly from the size, resources, and the research and development capabilities they bring to ongoing market pursuits.”

Multi-image display processors, or multiviewer products, are among the wide range of Harris solutions that optimize the core processing workflows of today’s broadcast operations.

Harris Broadcast Communications offers products, systems and services that provide interoperable workflow solutions that span the entire broadcast delivery chain. The Harris ONE approach brings together highly integrated and cost-effective products that are ideal for emerging media business models and for customers upgrading media operations to digital and high-definition services.

About Zandar Technologies plc
Zandar Technologies is a leader in the development of high quality multi-source display processors that match the specific needs of any display, monitoring and surveillance environment. Founded in 1993, the company combines innovation and experience to provide a wide range of expansive, flexible and resilient multi-image video display solutions for many applications including the FusionPro+™, Predator™, DX™ and MX™ series. Zandar’s international customer base includes many of the world’s leading companies in the Broadcast, Security and professional Audio Visual markets. The company’s dedicated sales and engineering team, professional resellers and responsive technical support specialists underline a commitment to quality, continuous improvement and customer satisfaction. For further information about this and other leading multi-image video display products visit www.zandar.com.

About Harris Corporation
Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has annual revenue of over $4 billion and 16,000 employees — including nearly 7,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications™ products, systems, and services. Additional information about Harris Corporation is available at www.harris.com.

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Forward-Looking Statements
Statements in this press release that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. The Company's consolidated results and the forward-looking statements could be affected by many factors, including but not limited to: our participation in markets that are often subject to uncertain economic conditions which makes it difficult to estimate growth in our markets and, as a result, future income and expenditures; our dependence on the U.S. government for a significant portion of our revenues, as the loss of this relationship or a shift in U.S. government funding could have adverse consequences on our future business; potential changes in U.S. government or customer priorities due to program reviews or revisions to strategic objectives, including termination of or potential failure to fund U.S. government contracts; risks inherent with large long-term fixed-price contracts, particularly the ability to contain cost overruns; the performance of critical subcontractors or suppliers; financial and government and regulatory risks relating to international sales and operations, including fluctuations in foreign currency exchange rates and the effectiveness of our currency hedging program; our ability to continue to develop new products that achieve market acceptance; the consequences of future geo-political events, which may affect adversely the markets in which we operate, our ability to insure against risks, our operations or our profitability; strategic acquisitions and the risks and uncertainties related thereto, including our ability to manage and integrate acquired businesses; potential claims that we are infringing the intellectual property rights of third parties; the successful resolution of patent infringement claims and the ultimate outcome of other contingencies, litigation and legal matters; customer credit risk; the fair values of our portfolio of passive investments, which values are subject to significant price volatility or erosion; risks inherent in developing new technologies; the potential impact of hurricanes on our operations in Florida and the potential impact of earthquakes on our operations in California; the ability to recruit and retain qualified personnel; and general economic conditions in the markets in which we operate. Further information relating to factors that may impact the Company's results and forward-looking statements are disclosed in the Company's filings with the SEC. Harris disclaims any intention or obligation, except as imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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Investor Relations inquiries: Pamela Padgett at 321-727-9383, or pamela.padgett@harris.com

Media inquiries: Jim Burke at 321-727-9131, or jim.burke@harris.com

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