Elecsys Corporation Announces Share Repurchase Program

            Elecsys Corporation Announces Share Repurchase Program

PR Newswire

OLATHE, Kan., Dec. 17, 2012

OLATHE, Kan., Dec. 17, 2012 /PRNewswire/ -- Elecsys Corporation (NASDAQ:
ESYS), a provider of innovative machine to machine (M2M) communication
technology solutions, data acquisition systems, and custom electronic
equipment for critical industrial applications worldwide, today announced that
its board of directors has approved a stock repurchase programfor up to 10%
of the Company's outstanding common shares, or 400,000 shares.The Company
plans to repurchase shares from time to timeat prevailing market prices,
through open marketor privately negotiated transactions.The program is
effective immediately and has no expiration date.

Karl B. Gemperli, Chief Executive Officer, stated, "Based on the current
trading price of our shares, this repurchase program reflects our commitment
to enhancing long-term stockholder value and our confidence in the long-term
growth prospects for the Company's business. Elecsysbelieves it retains ample
capital capacity to continue making long-term investments in our product
development initiatives and overall operations, as well as pursuing any
strategic opportunities that may arise."

The time of purchases and the exact number of shares to be purchased in these
transactions will depend on market and business conditions. There is no
guarantee as to the exact number of shares that will be repurchased and the
Company may discontinue purchases at any time.

About Elecsys Corporation
Elecsys Corporation provides innovative machine to machine (M2M) communication
technology solutions, data acquisition and management systems, and custom
electronic equipment for critical industrial applications worldwide.The
Company's primary markets include energy, agriculture, safety and security
systems, water management, and transportation.Elecsys proprietary equipment
and services encompass wireless remote monitoring, industrial data
communication, and mobile data acquisition technologies that are deployed
wherever high quality and reliability are essential. Elecsys develops,
manufactures, and supports proprietary technology and equipment under several
premium brand names. In addition to its proprietary products, Elecsys designs
and manufactures rugged and reliable custom electronic assemblies and
integrated display modules for multiple original equipment manufacturers in a
variety of industries worldwide. For more information, visit
www.elecsyscorp.com.

Safe-Harbor Statement
The discussions set forth in this press release may contain forward-looking
comments based on current expectations that involve a number of risks and
uncertainties. Actual results could differ materially from those projected or
suggested in the forward-looking comments. The difference could be caused by a
number of factors, including, but not limited to the factors and conditions
that are described in Elecsys Corporation's SEC filings, including the Form
10-K for the year ended April 30, 2012. The reader is cautioned that Elecsys
Corporation does not have a policy of updating or revising forward-looking
statements and thus he or she should not assume that silence by management of
Elecsys Corporation over time means that actual events are bearing out as
estimated in such forward-looking statements.

Investor Relations Contact: Todd A. Daniels
                            (913) 647-0158, Phone
                            (913) 982-5766, Fax
                            investorrelations@elecsyscorp.com



SOURCE Elecsys Corporation

Website: http://www.elecsyscorp.com
 
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