DAYTON, NEVADA--(BUSINESS WIRE)--July 15, 2006--GrayStone Industries, a leading designer and supplier of RF component, integrated products and embedded controller solutions for the defense, telecommunications and digital imaging markets, today announced that it had secured a contract with Bonanza Products Inc. to facilitate design and cost improvements towards thier innovative line of PowerQuick® personnel ascenders.

"GrayStone Industries is a major provider of engineering services to various markets including defense, homeland security, telecommunications and industrial process control." said Roger Bishop, Senior Engineering Consultant for GrayStone Industries Engineering Design Services. "We take great pleasure in this opportunity to establish this partnership between our two companys"

Service Overview:
Bonanza Products PowerQuick® line of personnel ascenders are lifting devices that comprise of a battery operated work positioning device (repelling) that makes working at heights quicker, safer, and cost effective. GrayStone will be providing Bonanza Products with our expertise in power electronics and embedded controller design in order to improve product performance, reliability and cost.

About GrayStone Industries:
GrayStone Industries is a leading provider of engineering design services, RF components, integrated products and embedded controller systems that serve multiple markets including defense, homeland security, industrial process control and digital imaging.
For more information visit www.graystone-ind.com or call 775-315-3524.