Ampex Honored at 50th Annual Grammy Awards Ceremony

  
    
  
  
    
      Ampex Corporation (Nasdaq:AMPX) was honored last evening at the 50th 
      Annual Grammy Awards ceremony in Los Angeles, California, where it took 
      home its first Grammy Award for Technical Achievement. This prestigious 
      award now makes its home with 12 Emmy’s, one 
      Oscar and numerous other awards bestowed on Ampex for outstanding 
      technical achievement. The award was accepted by Ampex Chairman D. 
      Gordon Strickland and former Ampex engineers Jay McKnight, Myron 
      Stolaroff and John Leslie.
    
    
      The company's first tape recorder, the Ampex Model 200, revolutionized 
      the radio and recording industries. In 1948, ABC 
      used an Ampex Model 200 audio recorder for the first-ever U.S. tape-delayed 
      radio broadcast of The 
      Bing Crosby Show. Ampex also designed multitrack recorders that 
      enabled Les Paul to 
      produce overdubbed 
      recordings.
    
    
      Ampex withdrew from the professional audio tape recorder market in 1983. 
      Its subsidiary, Ampex Data Systems Corporation today sells solid state, 
      disk and tape recorders primarily to the instrumentation market.
    
    
      Ampex Corporation, www.ampex.com, 
      headquartered in Redwood City, California, is one of the world's leading 
      innovators and licensors of technologies for the visual information age.
    
    
      This release may contain information about the Company’s 
      future expectations, plans and prospects that constitute forward-looking 
      statements for purposes of the safe harbor provisions under The Private 
      Securities Litigation Reform Act of 1995. Actual results may differ 
      materially from historical results or those indicated by such 
      forward-looking statements as a result of a variety of factors 
      including, but not limited to, risks and uncertainties disclosed in its 
      Annual report on Form 10-K and its Quarterly Reports on Form 10-Q, as 
      well as other documents periodically filed with the Securities and 
      Exchange Commission.